This discussion is a three-part conversation that starts with opportunities to consider for the 2024 marketing year.

Garret Brown with Codak Risk Advisory, codakgroup.com, visits with Chris in this week's Market Outlook.

Garret begins the conversation with a breakdown of some of the key components from last week's WASDE report.

Garret goes onto to explain the strength in the wheat market and the importance of the recent Chinese demand.

The conversation continues with discussion around Fund positioning along with various other fundamentals, impacting the markets.

Some outside macro conditions to pay attention to include energy prices, currencies, export demand, and potentially South American weather developments.

They go on to discuss considerations around opportunities and challenges with pricing the remainder of 2023 crop.

They wrap up the conversation discussing margin opportunities for the 2024 crop production year.

Lewis Stearns with progressive Crop Solutions doesn't need his work to be sexy- he needs it to to work. And his work is putting your data to work for you. We are all guilty of not managing our farm data like we should, and Lewis and his team work with farms to get them where they need to eb, and provide a stand-alone report card on how your business and farm is doing, without telling you how to farm. Today Shay and Lewis discuss some key objectives for the year ahead, and address common questions and challenges faced in farm data.

2024 mistakes to avoid:

1. Mislabeling Products- clean data in, clean data out

2. Calibrations- recalibrate con every 5% moisture and between hybrids

3. Multiple Machine calibrations and data management post or mid-harvest

4. Improper Storage of historical information

We need to add a new "basic" level of farm management to the playbook- fertility, pH, drainage, timeliness, and now data management.

You can reach Lewis at [email protected] or check out the website at progressivecrops.com

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Jim McCormick with AgMarket.Net visits with Chris in this week's episode.

The conversation revolves around the following theme.

Pete Meyer visits with Chris in this week's episode.

They start the conversation discussing recent volatility in the Soybean market.

What would it take to break out of the current price range and how much impact is South American weather having?

Peter does make the comment to be careful in “weather markets” and take advantage of rallies when opportunities present themselves.

They go on to discuss some practical decision considerations in order to take advantage of carry in the market, while at the same time, factoring in interest rates, storage cost, and cash flow needs.

They wrap up the conversation discussing the general economy, the value of the dollar, energy prices, geopolitical issues, inflation, interest rates, and the stock market.

Ryan Moe with Stone X visits with Chris in this week’s market outlook.

Producers in the east, continue harvesting high yields, high moistures, and running out of space.

Producers in the west, have shut the Bin doors and are struggling with what to do with unsold bushels.

Ryan expects the Funds to have very limited and light trade in the upcoming week, and possibly as we head toward the end of the year as many traders are exiting commodity positions for the time being.

Ryan goes on to explain the fact that end-users have plenty of grain, but do not have the ownership. Capturing strong basis levels as we move forward in time now may become more of a challenge, especially in the east.

Some pricing opportunities could possibly arise if we see continued weather issues in South America. However, Ryan points out the fact that there is such a massive production area in South America now that short term rallies in the market are opportunities to continue selling both old crop and 2024 crop.

Thanksgiving is this week and it’s the time to reflect on the past year and the upcoming year.

We are so blessed in agriculture that: “We get to do what we love.” Be sure to take some time with family and talk about your blessings and what you are thankful for.

Jarod Creed with JC Ag Financial visits with Chris on this week's episode.

The conversation begins with a discussion around final harvest results as many producers wrap up the 2023 harvest with a few areas still challenged with wet grain conditions.

Jarod reviews last week's WASDE report and talks about what it might mean for producers in the months ahead.

They go on to discuss numerous other topics, which include South American weather, Chinese demand, and the funds.

The balance of the conversation involves a detailed discussion around numerous considerations as producers do the math in order to decide how to market the remainder of the 2023 grain inventory while facing a bleak price picture.

Numerous layers factor in the discussion, as producers will need to balance opportunities with flat price, basis levels, storage cost, interest rates, inflation, market carry, and cash flow needs.

Mark starts the conversation talking about the issue of having a large carry over in corn. Coupled with limited demand. Price pressure on corn is likely to persist.

Mark goes on to discuss some considerations and the importance of taking advantage of short-term price rallies and feeding the market along the way.

Mark also hits on the idea that farmers need to pay close attention to managing their line of credit, interest rates, basis levels, and cash flow.

From Mark’s perspective, soybeans, may have more opportunity for price, strength than corn based on fundamental information.

They continue the conversation discussing management considerations for 2024 input purchasing, and Marketing.

Mark wraps up the conversation with Chris on the perspective that everyone should know: "What price they can’t sell for.” In other words, what price “does work "and where is the danger zone that you need to have Sales made?

Joe Vaclavik with Standard Grain talks with Chris in this episode as producers continue to chip away at harvest.

They start the conversation around harvest progress but lean into what has become the biggest question for many producers. “What should I do with my unpriced bushels? This is a huge question for many producers with a lot of things to take into account as these decisions are made. When to sell, and what is the appropriate price levels? Careful consideration is needed on numerous variables, such as interest rates, storage cost, average selling price, tax considerations, and cash flow needs.

They continue the conversation around some potential demand improvements, which could possibly include some South American weather challenges during their growing season.

They wrap up the conversation discussing some of the technicals around possible price movement and ask the question: “What is a low price in the future?” “Have we reached a new plateau which could limit the downside?