Wednesday, June 29, 2022 3:21PM CDT
Indigo Ag announced the sale of 19,000 carbon credits generated by the practices of 175 farmers who have been working with Indigo to sequester carbon in their operations. Indigo now has more than 2,000 farmers participating in its carbon program, involving more than 5 million acres. Those farmers will be eligible for the next rounds of sales that Indigo announces going forward.
December corn was up 1/2 cent, November soybeans were up 7 cents and September KC wheat was up 16 cents.
The livestock complex closed lower with live cattle waiting to see the strength of the cash market while feeder cattle felt the pressure of higher corn prices. Hogs suffered further losses as traders reacted to lower cash and cutouts as well as positioning themselves ahead of the report.