Brownfield Anchor/Reporter Meghan Grebner and University of Missouri Market Analyst Scott Brown give a weekly recap of the markets and discuss how it can impact farmers’ bottom lines.

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Eastern Iowa farmer Lance Lillibridge recently completed his fall fieldwork, and Brownfield joined him as he made some final passes applying fertilizer.

He says a big reason why he uses John Deere equipment is because it allows him to use one system to manage his farm.  

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Growers have been hearing more about biologicals in recent years. On this episode of Managing for Profit, an expert with Mosaic Biosciences says BioPath has been proven to complement existing fertilizer programs by improving nutrient use efficiency.

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The combination of elite genetics and excellent agronomic traits gives farmers the advantage they need to better control weeds and maximize yield potential. 

In this Managing for Profit, Asgrow Brand Manager Clint Chaffer talks about the benefits of planting Asgrow XtendFlex soybeans.

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U.S. Grains Council Vice President Cary Sifferath explains how the 2023 market year saw some encouraging signs for corn exports, including from the top U.S. trading partner. Minnesota Corn supports USGC as part of its efforts to develop international markets for corn growers.

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This week Will and Ben look at South America's crop market position as its planting season rolls on.

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

- December 2023 corn $0.30 at $4.85

- December 2024 corn up $0.09 $5.13

- January 2024 soybeans down $.24 at $13.06

- November 2024 soybeans down $.07 at $12.73

- December soybean oil up 0.18 cents at 51.24 cents/lb

- December soybean meal down $28.30 at $408.30/short ton

- March 2024 wheat up $.43 at $6.20

- July 2024 wheat up $.54 at $6.43

- January WTI Crude Oil down $1.40 at $73.60/barrel

Weekly Highlights

• It was a strong week of grain and oilseed export sales. Corn, soybeans, and wheats all came in above their pre-report expectations. All three were up week over week and above their recent sales volumes.

• USDA’s October soybean crush came in at 201.4 million bushels, slightly above trade estimates of 201.1. It is a new record, besting the previous196.9 set in Dec. 2021), and the first time US monthly soybean crush has exceeded 200 million bushels.

• Corn used for ethanol in October of 461 million bushels was up from 430 last month and 449 last year.

• Export inspections were mixed this week and all surprises. Corn was bullish coming in above all pre-report expectations while soybeans and wheat came in below expectations.

Topics:

- Market recap

- Soybeans continue fall

- Chinese export demand

- South American moisture

- South American planting update

- Reports to watch

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In this Pods for Profit, we’ll hear about how farmers are investing in research to use soybeans as a petroleum replacement in food packaging.

Dr. Eva Almenar with Michigan State University’s School of Packaging and Master’s student Adian McArdle discuss initial research steps.

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In this week’s Soil Health Hotline, a partnership with Sound Agriculture and Brownfield Ag News, Sound Agriculture Senior Agronomist Nate Couillard Sr. has more about stimulating soil health to optimize nutrition in soybeans.

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Brownfield Commodity Market Reporter John Perkins has your look at what pressured soybeans and cattle, why corn and hogs were mixed, and how wheat closed higher.

- March corn $4.85 and ½ up ¾ cent

- January soybeans $13.06 and ¼ down $.18 and ¾

- January soybean meal $408.30 down $4.40

- January soybean oil 51.24 down 21 points

- March Chicago wheat $6.20 and ½ up $.17 and ¾

- February live cattle $167.07 down $2.05

- February lean hogs $70.80 up $.70

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

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Greg Young is an Enlist field specialist covering Nebraska for Corteva Agriscience and says as farmers make their weed control plans, there are certain pre and post options to consider.

He tells Brownfield that Enlist One and Liberty herbicides pack a punch when tank mixed by offering two sites of action to fight against tough, resistant weeds like Palmer amaranth, waterhemp, and kochia.

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