In this episode, Indiana farmer and member of the Indiana Soybean Alliance, Mark Legan, discusses how investing Indiana Corn and Soybean Checkoff dollars in the US Meat Export Federation helps develop markets and grow the value of US Agriculture. 

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John Deere go-to-market manager for digital products Ryan Stien says there are several ways farmers can get support for JDLink.

He tells Brownfield remote display access, expert alerts, and partnering with local dealers all help customers gain valuable insights.

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Fertile soil doesn’t always mean higher yields and excess nutrients can interfere with the utilization of others. In this Managing for Profit, learn what factors can impact soil fertility and higher yields. 

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Minnesota State University Assistant Professor Nazli Wodzinski recaps her Innovation Grant project that aimed to create a practical, field applicable drainage filter.

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Corn rootworm is called the billion-dollar bug because of the damage the larvae cause on corn roots and the cost of the resulting yield loss.

In this Managing for Profit, Paul Parcher, a Channel technical agronomist, shares some tips for growers as they head into the 2023 growing season.

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This week, Will and Ben look at commodity exporting headwinds and long-term trade adjustments.

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Market recap (changes on week):

- May corn down $.06 at $6.37

- December 2023 corn down $.02 at $5.70

- May soybeans up $.17 at $15.29

- November soybeans up $.18 at $13.79

- May soybean oil flat at 60.45 cents/lb

- May soybean meal up $11.60 at $493.40/short ton

- May wheat down $.15 at $6.95

- July wheat down $.12 at $7.03

- June WTI Crude Oil up $2.45 at $79.98/barrel

Weekly highlights:

- US ethanol production pulled back slightly for the most recent week. With gasoline demand was up 2% week over week and lower production- ethanol stocks were reduced 34 million gallons.

- Many private estimates for South America corn and soybean production were out last week. The trend continues- the smaller Argentina crop continues to shrink while the larger Brazilian crops continue to grow. Worth watching is planted acreage of Brazilian corn.

- Ag export sales were down week over week for corn, soybeans, grain sorghum, total wheats, cotton, and rice. All were within pre-report expectations but on the lower end. Export sales continue to present headwinds for commodity markets.

- The US dollar index has picked up recently again to trade above 104.5 and back to levels we saw at the end of 2022.

- Ag export inspections were mixed on the week- corn exports were up week over week and bullish to the market. Soybean and wheat exports were down week over week and bearish to the market. Grain sorghum shipments were down on the week but neutral to the market.

Topics:

- Market recap

- Commodity exports facing headwinds

- Ethanol and biofuels market expectations

- U.S./Mexico discussions around biotech ban continue

- Reports to watch

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Find more agriculture news: brownfieldagnews.com

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Did you Know: Soybean meal from nearly 30 million bushels of Ohio Soybeans is fed to pigs, chickens, cattle, and other livestock and poultry annually.

In this Best of Voice of Soy, Greg Tyler the Chief Operating Officer for the USA Poultry & Egg Export Council talks about how Ohio Soybean checkoff dollars are used to help strengthen the poultry industry.

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Some growers are considering rotating sorghum acres and managing weed pressure in fields is incredibly important.

In this Managing for Profit, Ryan Bryant-Schlobohm, UPL Technical Services Manager talks about IMIFLEX herbicide and how it provides control of both grass and broadleaf weeds in igrowth sorghum.

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Listen to this episode of the Compeer Financial podcast where Chris Fitzloff, Vice President of Core Markets, and Brent Kelsey, Senior Credit Officer and Loan Specialist, discuss opportunities available to beginning farmers who are trying to get their foot in the agriculture door.

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