Fueling Conversations: Biodiesel’s impact on the economy, employment and wages.

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Controlling weeds is one of the biggest challenges farmers face every growing season. 

In this Managing for Profit, Dominik Hoffman talks about TriVolt and how the new corn herbicide helps growers achieve clean fields by controlling grass and broadleaf weeds.

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- December corn $6.6575 down $0.03

- January soybeans $14.595 up $0.0225

- December soybean meal $408.50 down $5.10

- December soybean oil 76.54 up 47 points

- December Chicago wheat $7.5775 up $0.01

- December live cattle $152.67 up $0.10

- December lean hogs $81.07 up $0.47

Find more agriculture news at: brownfieldagnews.com

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Market recap (changes on week):

- December corn up $.11 at $6.68

- January soybeans up $.17 at $14.57

- January soybean oil up 2.39 cents at 73.12 cents/lb

- January soybean meal up $3.70 at $411.70/short ton

- December wheat down $.62 at $7.56

- July wheat down $.57 at $7.97

- January WTI Crude Oil down $7.58 at $77.07/barrel

Weekly highlights:

- US gasoline consumption was down the week ahead of thanksgiving increasing all liquid fuel energy stocks including ethanol. US ethanol production increased 9 million gallons week over week.

- US export sales were nearly 4 times what we have been seeing lately for corn, while soybean sales were about 1/4th what was reported last week. Grain sorghum and cotton were down week over week while wheat and rice were both up week over week. On the corn side- Mexico even made a strong purchase for next marketing year.

- Open interest futures and options positions of Chicago wheat and Chicago soybeans were marginally up this week while corn saw a 5% decrease in open interest positions- nearly identical to last week’s moves. Money managers continue to sell out of net long corn and soybean positions. Meanwhile money managers are buying back positions against Chicago wheat’s net short positions.

- Weekly US export inspections were down week over week for corn, soybeans, grain sorghum and wheat. Everything was within pre-report trade expectations.

- Composite conditions for US winter wheat deteriorated a little on the week but remain the lowest on record.

- And then finally, in global news: protests erupted across China pushing back against renewed lockdown measures associated with China’s zero-tolerance policy to the Coronavirus, and Argentina has restarted its “soy dollar” program to encourage year-end exports of soybeans and strengthen central bank reserves.

Find more agriculture news at: brownfieldagnews.com

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Post-Harvest fungicide resistance can be reduced with proper cleaning, but control measures are needed.

In this Managing for Profit, Decco Technical Sales representative Jesse Miceli explains how resistance issues can develop for fruit growers and packers after harvest and how to manage them.

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- December corn $6.6875 up $0.0075

- January soybeans $14.5725 up $0.21

- December soybean meal $413.60 up $4.80

- December soybean oil 76.07 up 155 points

- December Chicago wheat $7.5675 down $0.1875

- December live cattle $152.57 down $0.50

- December lean hogs $80.60 down $3.17

Find more agriculture news at: brownfieldagnews.com

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Our guest on this episode of the What's Happening podcast is Dan Coulthard, Manager of Tax and Accounting for Compeer Financial.

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Enlist field specialist Steve Snyder says this is the time of year to be making plans for 2023 and he expects a lot of key decisions to be made the next couple months.

When it comes to weed control, he tells Brownfield it’s important to reflect on pressure this past season when formulating a strategy for the year ahead.

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Success starts in the soil, and on this week’s episode, CROPLAN crop protection product manager Jon Zuk says two new products are geared to help farmers get off to a fast, strong and steady start in 2023.

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