Lina Pham is a marketing manager for John Deere planters and seeding equipment. 

She says ExactRate technology is an integrated liquid fertilizer system that can help farmers save on input costs by featuring row by row section control. And save time in the field with operating speeds up to 10 miles per hour.

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Brownfield Commodity Market Reporter John Perkins has your look at the factors that send ag commodities markets mostly lower.

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- March corn $6.7725 down $0.04

- March soybeans $15.1475 down $0.0975

- March soybean meal $471.20 down $6.90

- March soybean oil 63.15 down 97 points

- March Chicago wheat $7.345 down $0.08

- February live cattle $155.95 down $0.85

- February lean hogs $76.65 down $0.67

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As farmers prepare for the upcoming growing season, using win-rate data can help in planning and decision making for fertilizer management programs.

In this episode of Managing for Profit, an agronomist details how to create a plan that maximizes your investment. 

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Brownfield Commodity Market Reporter John Perkins has your look at what sent corn, soybeans, wheat, and hogs lower, while cattle futures were able to finish mixed.

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- March corn $6.8125 down $0.04

- March soybeans $15.245 down $0.1525

- March soybean meal $478.10 down $3.10

- March soybean oil 64.12 up 28 points

- March Chicago wheat $7.425 down $0.0925

- February live cattle $156.80 down $0.20

- February lean hogs $77.32 down $1.12

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Fueling Conversations: Biodiesel's Use During Hurricane Recovery

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Co-Alliance Cooperative is paying $45 million in patronage to farmer-members who did business with the cooperative in 2022. The amount, 51 percent of the cooperative’s earnings, represents an unprecedented cash return as a member owned business.

The amount of patronage paid back to each member is based on the volume of business they completed with the cooperative in the fiscal year. Farmers can become members of the cooperative by completing a membership application and running an active farm operation.

Co-Alliance is passionate about investing in local communities. In the 2022 fiscal year, Co-Alliance donated more than $500,000 back to local communities through support of agriculture education and leadership, food security, and farm and energy safety training.

President and CEO Kevin Still and Chairman of the Board of Directors Tim Burke talked to Brownfield about the program and importance of giving back and being locally focused.

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Heading into the upcoming growing season farmers need weed control that works.

In this Managing for Profit, Erica Strittmatter, traits and systems marketing communications manager for Bayer CropScience talks about establishing a weed management program, spraying early, and the yield benefits of the Roundup Ready Xtend Crop System.

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Brownfield Commodity Market Reporter John Perkins has your look at the mostly higher finish in grains and oilseeds and hogs, along with what pressured cattle futures.

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- March corn $6.8525 up $0.1025

- March soybeans $15.3975 up $0.12

- March soybean meal $481.20 up $4.90

- March soybean oil 63.84 up 78 points

- March Chicago wheat $7.5175 up $0.08

- February live cattle $157.00 down $0.72

- February lean hogs $78.45 down $0.20

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This week, Will and Ben review big changes and surprises in USDA's most recent round of commoditys.

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Market recap (changes on week):

- March corn up $.18 at $6.70

- December 2023 corn up $.04 at $5.94

- March soybeans up $.29 at $15.17

- November soybeans down $.08 at $13.83

- January soybean oil flat at 63.10 cents/lb

- January soybean meal up $1.00 at $471.30/short ton

- March wheat down $.08 at $7.33

- July wheat down $.13 at $7.42

- January WTI Crude Oil up $5.48 at $80.85/barrel

Weekly highlights:

- US ethanol production increased 29 million gallons last week to 277 million gallons. That used approximately 93.4 million bushels of corn- but still down roughly 10% from normal levels during this time. Gasoline demand also remains sluggish.

- It was another week of disappointing Ag export sales. Corn fell below pre-report expectations, soybeans were on the lower end and there weren’t grain sorghum sales.

- USDA supply and demand reports on Thursday provided bullish news for corn and bearish news for wheat with mixed signals on soybeans.

- Open option future and option positions were up across the board for Chicago wheats, corn and soybeans. Wheat up just ever so slightly, corn up 1% and soybeans up 3%. Managed money positions increased for wheat but were down for corn and soybeans.

Topics:

- Market recap

- USDA reports review

- Supply and demand update

- U.S. acreage

- South American production adjustment

- Reports to watch

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Now is the time to start planning to protect corn yields for the 2023 crop.

In this Managing for Profit, Kip Jacobs, UPL Technical Services Manager details how adding a product like Tepera Plus HD can help protect against yield-damaging insects and add up to 7.9 bushels per acre over untreated acres.

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