For the latest in commodity and livestock futures, Brownfield Commodity Market Reporter John Perkins has your look at what sent soybeans, corn, wheat, and hogs lower as cattle finished mixed in this Market Minute.

Learn more about what's happening in the agriculture markets here: https://brownfieldagnews.com/markets/

Find more agriculture news here: https://brownfieldagnews.com/

The latest commodity and livestock futures:

➡︎ March corn $4.47 down $.10 and ¾

➡︎ March soybeans $12.24 and ¼ down $.12 and ¼

➡︎ March soybean meal $362.10 down $.10

➡︎ March soybean oil 48.25 down 47 points

➡︎ March Chicago wheat $5.96 down $.07 and ¾

➡︎ February live cattle $171.37 down $.42

➡︎ February lean hogs $71.90 down $.70

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Brownfield Ag News creates and delivers original content across multiple media platforms. Brownfield is the largest and one of the oldest agricultural news networks in the country carrying agricultural news, markets, weather, commentary and feature content.

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Illinois farmer Chris Gould says he uses the whole suite of John Deere software and hardware to manage his operation.

Beginning with the yield monitor at harvest, he tells Brownfield the data informs fertilizer and seeding rates for the next growing season. 

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

Learn more about what's happening in the agriculture markets here: https://brownfieldagnews.com/markets/

Find more agriculture news here: https://brownfieldagnews.com/

The latest commodity and livestock futures:

➡︎ March corn $4.57 and ¾ down 1 and ¾ cents

➡︎ March soybeans $12.36 and ½ unchanged

➡︎ March soybean meal 362.20 down $2.10

➡︎ March soybean oil 48.72 up 47 points

➡︎ March Chicago wheat $6.03 and ¾ down 7 cents

➡︎ February live cattle $171.80 up $1.05

➡︎ February lean hogs $72.60 up 52 cents

Connect with us:

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➡︎ Facebook: https://www.facebook.com/BrownfieldAgNews

Brownfield Ag News creates and delivers original content across multiple media platforms. Brownfield is the largest and one of the oldest agricultural news networks in the country carrying agricultural news, markets, weather, commentary and feature content.

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

Nitrogen, phosphorus, and potassium are often considered the most important nutrients to a plant’s development and growth. But on this episode of Managing for Profit, an expert with AgroLiquid says micronutrients can make a difference on getting a good ROI on other nutrients.

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

Learn more about what's happening in the agriculture markets here: https://brownfieldagnews.com/markets/

Find more agriculture news here: https://brownfieldagnews.com/

The latest commodity and livestock futures:

➡️ March corn $4.59 and ½ up ¼ cent

➡️ March soybeans $12.36 and ½ down 12 cents

➡️ March soybean meal $364.30 down $3.30

➡️ March soybean oil 48.25 down 20 points

➡️ March Chicago wheat $6.10 and ¾ up ¾ cent

➡️ February live cattle $170.75 down 2 cents

➡️ February lean hogs $72.07 up 20 cents

Connect with us:

➡️ X (formally Twitter): https://twitter.com/brownfield

➡️ Facebook: https://www.facebook.com/BrownfieldAgNews

➡️ YouTube: https://www.youtube.com/channel/UCBR7KnDynZ0hw7xF23dE94A

Brownfield Ag News creates and delivers original content across multiple media platforms. Brownfield is the largest and one of the oldest agricultural news networks in the country carrying agricultural news, markets, weather, commentary and feature content.

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

The combination of best-in-class products, digital tools and professionals helps farmers get the most out of every growing season.

In this Managing for Profit, Zak Swanson, a technical agronomist for Channel brand seeds, shares some insight on the tools to help your operation succeed.

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This week Will and Ben breakdown U.S. wheat conditions and improved Argentinian soybeans.

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

- March 2024 corn down $0.08 at $4.55

- December 2024 corn down $.09 $5.89

- March 2024 soybeans down $.28 at $12.45

- November 2024 soybeans down $.20 at $12.02

- March soybean oil up 0.48 cents at 47.81 cents/lb

- March soybean meal down $11.00 at $368.50/short ton

- March 2024 wheat down $.10 at $5.96

- July 2024 wheat down $.09 at $6.17

- March WTI Crude Oil up $.20 at $71.09/barrel

Weekly Highlights

• Last week's State Stories Report showed a mixed bag for winter wheat conditions rated good to excellent: Colorado was reported at 61% down from 67% last year, Kansas at 43% up from 33%, Missouri at 73% up from 44%, Ohio at 71% up from 49%.

• It was reported the US economy added 216,000 jobs in December besting forecasts of 170,000. The US unemployment rate ticked down to 3.7%. Hourly wages increased 0.4% as expected and increased 4.1% on the year.

• US crude oil stocks excluding the strategic petroleum reserve were down 231 million gallons while gasoline stocks increased 457.80 on a 13% reduction in gasoline demand.

• US ethanol production pulled back to 308 million gallons after nearly setting the all time record at 325 million gallons the week before. Even with the lower production, the softer use built ethanol stocks 3 million gallons.

• Argentina’s grain belt in 2023 had its wettest December since 2009 at 33% more rainfall than average. 3% of Argentina’s soybeans were in bad conditions compared to 30% last year.

• Weekly grain and oilseed export sales were very weak with corn, soybeans, and total wheat all coming in below pre-report trade expectations and very bearish to the market.

• Weekly grain and oilseed export inspections were mixed. Corn, grain sorghum and total wheat shipments were all up week over week while down for soybeans. Soybean inspections were bearish- below all pre-report estimates, while wheat inspections were bullish coming in above all expectations.

Topics:

- Market recap

- Winter wheat conditions

- Small grain acreage expectations

- Midwest snow and rainfall

- South American weather

- South American crop conditions

- Reports to watch

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In this week’s Soil Health Hotline, a partnership with Sound Agriculture and Brownfield Ag News, Sound Agriculture Agronomy Manager Rich Haynes talks about how to get more nutrients in the soil by applying less fertilizer.

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

The latest commodity and livestock futures:

• March corn $4.55 down 5 and ¾ cents
• March soybeans $12.45 and ½ down 10 and ¾ cents
• March soybean meal $368.50 down 90 cents
• March soybean oil 47.81 up 18 points
• March Chicago wheat $5.96 and ¼ down 19 and ¾ cents
• February live cattle $169.95 down 62 cents
• February lean hogs $70.60 up 60 cents

Learn more about what's happening in the agriculture markets here: https://brownfieldagnews.com/markets/

Find more agriculture news here: https://brownfieldagnews.com/

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Director of Environmental Science at Clean Fuels Alliance America Veronica Bradley says sustainable aviation fuels (SAF) will be a highlight at the Clean Fuels Conference. Different airlines and SAF producers will talk through their approaches to the climate challenge.

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