Brownfield Commodity Market Reporter John Perkins has your look at the factors that led to mixed finishes in corn, soybeans, and cattle and what sent wheat and hogs lower.

-----

- March corn $6.55 up $0.0225

- March soybeans $14.85 down $0.035

- March soybean meal $468.90 down $1.40

- March soybean oil 62.57 down 78 points

- March Chicago wheat $7.31 down $0.105

- February live cattle $157.75 unchanged

- February lean hogs $79.80 down $1.00

-----

Find more agriculture news at: brownfieldagnews.com

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

This week, Will and Ben preview one of the biggest USDA report days of the year.

-----

Market recap (changes on week):

- March corn down $.24 at $6.52

- December 2023 corn down $.16 at $5.90

- March soybeans down $.04 at $14.88

- November soybeans down $.20 at $13.91

- January soybean oil down 1.67 cents at 63.35 cents/lb

- January soybean meal up $5.30 at $470.30/short ton

- March wheat down $.46 at $7.41

- July wheat down $.42 at $7.55

- January WTI Crude Oil down $4.17 at $75.10/barrel

Weekly highlights:

- The last month has been a brutal stretch for US ethanol producers with returns over operating costs below a reasonable production threshold and in some cases negative. Low to negative operating margins reduced ethanol production fell to 248 million gallons on the week- its lowest volume since March 2021.

- Export sales pulled back in a big way for feed grains with corn and wheat well below even pre-report trade expectations. This was the fourth straight week of zero grain sorghum sales. Soybeans sales were modest but well below their recent volumes as well.

- Open interest in Chicago’s Corn and Soybeans increased 3% week over week to start the year. Managed money also increased for corn and soybeans building on net longs while increasing the net shorts for Chicago wheats.

- Weekly AG export inspections were all within pre-report trade expectations but continue to cause concern in the market. Corn and soybeans were down week over week, while grain sorghum and wheat were up from the week prior.

Topics:

- Market recap

- USDA report previews

- Supply and demand update

- U.S. acreage

- South American production

- Ending stocks/ 2023 demand

-----

Find more agriculture news at: brownfieldagnews.com

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

Fueling Conversations: Decarbonizing the Trucking Industry Now with Biodiesel

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

Curt Woolfolk with The Mosaic Company says the next frontier in agronomy is understanding the soil ecosystem.

He tells Brownfield there are many synergies between soil health and nutrient management and The Mosaic Company is helping farmers as they work toward Advanced Crop Nutrition.

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

Northwestern Minnesota farmer Blair Hoseth discusses his Minnesota Corn Innovation Grant project that compares yields and economic returns when applying manure vs commercial fertilizer in a corn-bean rotation.

Minnesota Corn's Innovation Grant program allows farmers to test or develop best practices in cover crop management, fertility, tillage, water management, and other production methods. Learn more about the Minnesota Corn Innovation Grant Program and apply for a 2023 grant here.

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

What does the agriculture sector need to thrive in the future? It’s innovation and collaboration.

In this Managing for Profit, Craig Brekkas with UPL North America shares how the company’s OpenAg approach will help overcome agriculture’s biggest challenges in the future.

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

Head of the Corn Marketing Program of Michigan Jim Zook explains the history of the checkoff, accomplishments, and how sustainable aviation fuel can support corn farmers.

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

Brownfield Commodity Market Reporter John Perkins has your look at why corn and soybeans were down Monday, what caused wheat to close mixed, and why cattle and hogs were higher.

-----

- March corn $6.5275 down $0.0125

- March soybeans $14.885 down $0.04

- March soybean meal $470.30 down $7.30

- March soybean oil 63.35 up 18 points

- March Chicago wheat $7.415 down $0.02

- February live cattle $157.75 up $0.97

- February lean hogs $80.80 up $0.52

-----

Find more agriculture news at: brownfieldagnews.com

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

The Coalition to Support Iowa’s Farmers works with farmers to help implement best management practices as they raise livestock responsibly and successfully. In this episode, eastern Iowa pig farmer Mike Paustian discusses how the Coalition helped his family site a new swine barn.

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

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

-----

Find more agriculture news at: brownfieldagnews.com

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