Brownfield Ag News

It’s NAFB convention week for us here at Brownfield, and on this special edition of Agriculture Today, we’ll hear extended interview segments conducted by members of our team on topics of the lame duck session of Congress, misconceptions about agricultural inputs, and a growing season update with an Illinois farmer.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Brownfield's Larry Lee interviews Rod Snyder, former EPA ag advisor, at the NAFB Convention in Kansas City, Missouri.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Brownfield Commodity Market Reporter John Perkins has your look at the mixed closes in cattle and hogs and the losses in soybeans, corn, and wheat.

Closing numbers:

» December corn $4.26 and ½ down $.02

» January soybeans $10.07 and ¾ down $.02 and 3/4

» December soybean meal $291.60 down $1.30

» December soybean oil 45.18 down 105 points

» December Chicago wheat $5.41 down $.11 and 1/4

» December live cattle $184.02 down $.37

» December lean hogs $81.87 down $.47

Connect with Brownfield Ag News:

» Get the latest ag news: https://www.brownfieldagnews.com/

» Subscribe to Brownfield on YouTube: https://www.youtube.com/@BrownfieldAgNews

» Follow Brownfield on X (Twitter): https://x.com/brownfield

» Follow Brownfield on Facebook: https://www.facebook.com/BrownfieldAgNews

About Brownfield Ag News:

Brownfield Ag News is your trusted source for reliable agriculture news, market trends, weather updates, and expert interviews. Get comprehensive coverage and stay ahead in the ever-evolving agriculture industry.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This week Will and Ben look at shifting production numbers and the future of ag policy.

Market recap (changes on week as of Monday's close):

» December 2024 corn up $.14 at $4.30

» December 2025 corn up $.05 at $4.45

» January 2025 soybeans up $.25 at $10.22

» November 2025 soybeans up $.10 at $10.45

» December soybean oil up 2.58 cents at 48.14 cents/lb

» December soybean meal down $4.50 at $299.60/short ton

» December 2024 wheat up $.03 at $5.65

» July 2025 wheat down $.06 at $5.98

» December 2024 cotton down 0.24 cents at 69.69 cents/lb

» December 2025 cotton flat at 72.72 cents/lb

» October WTI Crude Oil down $3.68 at $68.04/barrel

Weekly highlights:

The Federal Reserve cut interest rates 25 basis points at their November meeting. The short-term borrowing rate is now in a range of 4.5-4.75 percent.

US energy stocks were up across the board this week- crude oil up 90.3 million gallons, gasoline up 17.3 million gallons, distillate fuels up 123.8 million gallons and ethanol up 10.5 million gallons. Gasoline demand was up 4% week over week.

US ethanol production surged to 325 million gallons produced on the week- up from 318 million the week prior and working closer to the record 326 million gallons in one week set back in July.

USDA lowered corn yield 0.7 bushels per acre to 183.1 bushels per acre. Grain sorghum yields were increase 3.1 bushels per acre to 60.8. Soybean yields were lowered 1.4 bushels per acre to 51.7 bushels per acre and fell below all pre-report estimates. Rice and cotton yields were unchanged month over month.

Open interest was up across the board this week: wheats (+4.7%), corn (+0.7%), soybeans (+1.0%), soybean oil (+7.1%), soybean meal (+1.2%), cotton (+1.6%) and rough rice (+19.5%).

Money managers were net buyers of Chicago grains and oilseeds this week. Traders were net buyers of corn (39,746), soybeans (2,114), and soybean oil (26,179), more than offsetting the net sales in other commodities.

US export sales of US grains and oilseeds were strong again this week. Corn sales of 108.9 million bushels exceeded all trade expectations. Soybean oil sales have heated up and also exceed all pre-report expectations. Soybean and wheat sales were down week over week but within trade expectations at 74.9 and 13.8 million bushels, respectfully.

US Crop Conditions:

US corn and soybean yields declined this month compared to October according to USDA. Corn is still estimated at a record yield of 183.1 bushels per acre. Most states saw some deterioration in corn yields- including Missouri that saw yield fall to 182 bushels per acre- down from 185 bushels per acre estimated previously. Even with the monthly decline- Missouri’s corn yield remains 19% better than 2023 due to better growing conditions.

Topics:

» Market recap

» USDA production estimate adjustments (corn, soybeans, sorghum, cotton)

» Potential shifts in ag trade policy

» Farm Bill solution unlikely in near future

» Reports to watch

Connect with Brownfield Ag News:

» Get the latest ag news: https://www.brownfieldagnews.com/

» Subscribe to Brownfield on YouTube: https://www.youtube.com/@BrownfieldAgNews

» Follow Brownfield on X (Twitter): https://x.com/brownfield

» Follow Brownfield on Facebook: https://www.facebook.com/BrownfieldAgNews

About Brownfield Ag News:

Brownfield Ag News is your trusted source for reliable agriculture news, market trends, weather updates, and expert interviews. Get comprehensive coverage and stay ahead in the ever-evolving agriculture industry.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Brownfield Commodity Market Reporter John Perkins has your look at the lower starts in soybeans, corn, wheat, cattle, and hogs.

What to watch:

» Soybeans and corn are watching South American crop weather.

» Wheat's down on improved U.S. winter wheat conditions.

» Cattle are seeing some profit taking.

» Hogs are pressured by the recent trend in pork.

Connect with Brownfield Ag News:

» Get the latest ag news: https://www.brownfieldagnews.com/

» Subscribe to Brownfield on YouTube: https://www.youtube.com/@BrownfieldAgNews

» Follow Brownfield on X (Twitter): https://x.com/brownfield

» Follow Brownfield on Facebook: https://www.facebook.com/BrownfieldAgNews

About Brownfield Ag News:

Brownfield Ag News is your trusted source for reliable agriculture news, market trends, weather updates, and expert interviews. Get comprehensive coverage and stay ahead in the ever-evolving agriculture industry.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

High-quality corn silage is essential for achieving optimal dairy cattle nutrition.

In this Managing for Profit, DEKALB Brand Manager Jamie Horton discusses the brand's corn silage lineup for 2025.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

It’s NAFB convention week for us here at Brownfield, and on this special edition of Agriculture Today, we’ll hear extended interview segments conducted by members of our team on topics of agricultural inputs, food security and global hunger, harvest reflections from the year 2024, and the outlook for U.S. biodiesel expansion projects. 

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Brownfield's Mark Dorenkamp recently visited with Nutrien Ag Solutions' senior vice president of retail for North America Rob Clayton. The company, headquartered in Saskatoon, Saskatchewan Canada, serves farmers across the globe.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Brownfield's Mark Dorenkamp visited with Nutrien Ag Solutions' senior director of agronomy and environmental sciences Paul Bonnett at the company's headquarters in Saskatchewan Canada.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Compeer Financial Appraisal Report discusses all things farm real estate including land prices, auction information, and appraisal analysis. In this episode, Compeer Financial Sr. Real Estate Appraiser Andy Weidner says he has a diverse ag portfolio for his appraisals in the northeastern portions of Illinois, including different types of land, properties, and livestock operations.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.