John Deere go-to-market manager for large tractors and tillage Ryan Jardon says Deere is excited to be getting back into the strip-till segment.

He tells Brownfield the new ST-Series comes in both drawn and integral models, and feature a variety of shanks, coulters, and row spacings.  

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With record high input costs, some farmers may consider changing their nutrient programs. Too many cutbacks could come at a cost at harvest time.

In this Managing For Profit, an agronomist suggests cutting with a scalpel and not a machete. 

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Market recap (changes on week):

- March corn down $.05 at $6.49

- December 2023 corn down $.03 at $5.94

- January soybeans up $.08 at $14.68

- November soybeans up $.01 at $13.84

- January soybean oil up 2.5 cents at 64.70 cents/lb

- January soybean meal up $2.30 at $452.50/short ton

- March wheat down $.07 at $7.47

- July wheat down $.07 at $7.60

- January WTI Crude Oil up $2.33 at $75.88/barrel

Weekly highlights:

- US energy stocks increased across the board with ethanol production pulling back from a very strong output the week before- coming in 4.6 million gallons lower to just under 312 million gallons.

- It was another solid week for increasing US ag export sales. Corn, soybeans, and wheat all exceeded all pre-report trader expectations. Soybean volumes were the second highest of the marketing year.

- The National Oilseed Processors Association reported their members crushed 179.2 million soybean bushels in November- a bearish number to the soybean complex as it fell below all trade expectations. The soybean oil stocks value was also bearish.

- The Federal Reserve increased their short-term federal funds rate 50 basis points last week as expected, but it was the chairman’s comments about longer lasting rate increases that damped moods on Wall Street.

- The US dollar continues to drift lower after reaching 2-decade highs.

- Open interest futures and options positions were up for slightly Chicago wheats and up 4% for soybean, while being down 2% for corn. Managed money traders reversed last week’s trend by increasing their net long positions of corn and soybeans while increasing their net short positions on wheat.

- Weekly US ag export inspections were mixed on the week. Corn and wheat were up week over week with relatively solid values, while soybeans were down week over week and the lowest value since early October.

Find more agriculture news at: brownfieldagnews.com

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A protein analysis with Rabobank says highly pathogenic avian influenza could affect poultry production and retail prices in 2023. Turkey and egg production have been hit the hardest by the virus.

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Listen in as the Brownfield Ag News team recaps the top stories of 2022.

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Listen in as the Brownfield Ag News team recaps the top stories of 2022.

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Listen in as the Brownfield Ag News team recaps the top stories of 2022.

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- March corn $6.53 down $0.005

- January soybeans $14.80 up $0.065

- January soybean meal $463.00 up $7.70

- January soybean oil 63.36 down 46 points

- March Chicago wheat $7.535 down $0.0375

- February live cattle $155.77 up $0.92

- February lean hogs $85.77 up $4.12

Find more agriculture news at: brownfieldagnews.com

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