John Deere marketing manager for 5 Series utility tractors Greg Christensen says the company just launched two specialty crop tractors with features normally seen in the higher horsepower 8R and 9R tractors. He tells Brownfield one of those is AutoTrac, a guidance system that can help reduce overlap and fuel usage. 

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- March corn $6.535 up $0.03

- January soybeans $14.735 down $0.0875

- January soybean meal $455.30 down $4.80

- January soybean oil 63.82 up 27 points

- March Chicago wheat $7.5725 up $0.08

- February live cattle $154.85 down $0.85

- February lean hogs $81.65 down $1.75

Find more agriculture news at: brownfieldagnews.com

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With volatility in the fertilizer markets continuing for 2023, it’s critical farmers manage risk with their fertilizer plan for the next growing season.

In this Managing for Profit, Gaylnn Beer with AgroLiquid discusses the steps farmers should take to develop an accurate fertilizer budget. And, it begins with a soil test.

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- March corn $6.505 down $0.03

- January soybeans $14.8225 up $0.025

- January soybean meal $460.10 up $7.80

- January soybean oil 63.55 down 57 points

- March Chicago wheat $7.42925 down $0.015

- February live cattle $155.70 down $0.65

- February lean hogs $83.40 down $1.17

Find more agriculture news at: brownfieldagnews.com

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Waterhemp, Palmer amaranth, ragweed, crabgrasses, and kochia are just some of the challenging weeds farmers face every year.

In this Managing for Profit, Elizabeth Brand, with Bayer CropScience says growers will have a powerful new tool to fight those tough to control grasses and broadleaf weeds in 2023.

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Our guest on this episode of the What's Happening podcast is Tom Timko, State Insurance Product Officer for Compeer Financial. Listen as Timko and Brownfield's Mark Dorenkamp talk about crop insurance and risk management for farmers.

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- March corn $6.535 down $0.005

- January soybeans $14.7975 up $0.1925

- January soybean meal $452.30 up $2.10

- January soybean oil 64.12 up 192 points

- March Chicago wheat $7.5075 down $0.04

- February live cattle $156.35 up $0.25

- February lean hogs $84.57 up $0.87

Find more agriculture news at: brownfieldagnews.com

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Market recap (changes on week):

- March corn up $.14 at $6.54

- December 2023 corn up $.02 at $5.97

- January soybeans up $.23 at $14.60

- November soybeans up $.07 at $13.83

- January soybean oil down .52 cents at 62.20 cents/lb

- January soybean meal up $18.10 at $450.20/short ton

- March wheat up $.15 at $7.54

- July wheat down $.10 at $7.67

- January WTI Crude Oil down $3.96 at $73.55/barrel

Weekly highlights:

- While US crude oil stocks declined, gasoline, distillate and ethanol stocks all increased on the week with US weekly ethanol production up nearly 17 million gallons.

- It was a solid week for US ag export sales with corn, soybean, soybean meal, soybean oil, and wheat all up week over week. The meat complex and grain sorghum were the only categories down week over week. Export sales of soybeans exceeded all expectations with China making large purchases.

- USDA did not make substantial changes to their 2022/23 supply and demand estimates in December- with one exception, the expected decrease in corn and grain sorghum exports. USDA lowered corn exports 75 million bushels and sorghum exports 20 million bushels.

- Open interest futures and options positions were up for slightly Chicago wheats and up 2% for corn but down slightly for soybeans. Managed money traders decreased their net long positions of corn and soybeans while decreasing their net short positions on wheat.

- US agricultural export inspections for the week ending Dec 8th were down week over week for corn, soybeans grain sorghum and wheat. All were within expectations.

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Ideal conditions in Michigan produced more than 30 million bushels of apples in 2022.

In this Managing for Profit, Anne Webster, UPL Territory Sales Manager, gives us a seasonal overview and tips for preparing for next year’s challenges.

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- March corn $6.54 up $0.10

- January soybeans $14.605 down $0.2325

- January soybean meal $450.20 down $21.40

- January soybean oil 62.20 up 219 points

- March Chicago wheat $7.5475 up $0.205

- February live cattle $154.40 up $0.72

- February lean hogs $83.70 down $0.30

Find more agriculture news at: brownfieldagnews.com

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