This week, Will and Ben give market and production expectations for the 2023 season.

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Market recap (changes on week):

- March corn down $.09 at $6.77

- December 2023 corn down $.02 at $5.94

- March soybeans up $.03 at $15.40

- November soybeans up $.12 at $13.96

- March soybean oil up 1.76 cents at 61.90 cents/lb

- March soybean meal down $5.40 at $495.80/short ton

- March wheat down $.31 at $7.57

- July wheat down $.29 at $7.72

- April WTI Crude Oil down $3.05 at $76.23/barrel

Weekly highlights:

- The National Oilseed Processors Association reported their members crushed 179 million bushels of soybean in January- up from December, but down from last January and the trade expectation of 181.7 million bushels.

- Stocks for crude oil, gasoline, and ethanol increased week over week. Ethanol production used roughly 100 million bushels of corn last week on slightly increased production. Weaker gasoline use on the week might signal headwinds for ethanol demand moving forward.

- Ag export sales last week were a little bearish- corn is still not seeing high enough volumes to ease concerns of more cuts, soybeans are seasonally moving lower as Brazil’s production hits the market and wheat sales were just “okay”.

- Grain export inspections this morning was down across board, but relatively soft for corn relative to the seasonal normal and seasonally strong for soybeans.

Topics:

- Market recap

- Acreage expectations

- Yield expectations

- Crop demand

- Beginning stocks

- Reports to watch

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Waterhemp is one of those weeds that can be difficult to control. It’s long emergence pattern can outlast herbicide application. 

In this Managing for Profit, Kip Jacobs, UPL Tech Services Manager talks about why layering contact and residual herbicides in-season can help growers control waterhemp and prevent weed escapes that lead to resistance.

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Farmers are gearing up for the 2023 growing season and Brad Burkhart with Corteva says weed pressure will depend on several factors.

But he tells Brownfield three weeds he tends to hear about the most from Midwestern growers are waterhemp, Palmer amaranth, and giant ragweed.

And Burkart says controlling them takes a program approach. 

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John Deere marketing manager Christopher Murray says the company offers a new sensor technology that provides real time harvest data allowing farmers to plan accordingly for the next growing season.

He tells Brownfield Harvest Lab 3000 with Grain Sensing can be mounted on John Deere S700 Series combines for the harvest of wheat, canola, and barley.

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

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- March corn $6.76 down $0.0025

- March soybeans $15.265 up $0.0075

- March soybean meal $491.40 up $0.30

- March soybean oil 61.90 up 66 points

- March Chicago wheat $7.65 down $0.0425

- April live cattle $164.07 down $0.52

- April lean hogs $85.77 down $0.72

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Farmers should not skip out on micronutrients because they are an essential part of the nutrient package for crops. In this Managing for Profit an agronomist discusses why calcium and magnesium should be included in a fertilizer program. 

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Listen in on this episode where Christian Barcan, Rabo AgriFinance sustainability officer, discusses how certain sustainability trends can increase crop production and decrease input.

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Brownfield Commodity Market Reporter John Perkins has your look at what influenced the mixed finish in cattle and why soybeans, corn, wheat, and hogs were lower.

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- March corn $6.7625 down $0.06

- March soybeans $15.2575 down $0.1175

- March soybean meal $491.10 down $9.90

- March soybean oil 61.24 up 84 points

- March Chicago wheat $7.6925 down $0.1675

- April live cattle $164.60 down $0.07

- April lean hogs $86.50 down $0.75

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Find more agriculture news: brownfieldagnews.com

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Every growing season farmers fight for clean fields. But broadleaf weeds and grasses are a challenge year-after-year. 

In this Managing for Profit, Elizabeth Brand with Bayer CropScience talks about TriVolt, a powerful new tool available to retailers and growers for the upcoming growing season.

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