Ag Grain Commodity Markets, Prices & Futures

If a bin of unpriced corn is your biggest mistake, know you aren’t the first and won’t be the last farmer who missed a pricing opportunity. Embrace the outcome and set your sights on making 2024 your best year yet.

Some fields have a spot that consistently does not produce, but don't ignore those acres. If 156 acres average 200 bu. per acre, but 4 acres average 20 bu., the yield on the 160-acre field drops to 195.5 bu. per acre.

In early January, Illinois crop budgets were revised for 2024. Farmers are predicted to lose $135 to $160 per acre for corn and $20 to $107 per acre for soybeans. What’s a farmer to do when news is a punch in the gut?

Recent WASDE reports had assumed another record Brazilian soybean crop and Argentina returning to normal, but the El Niño weather pattern might have something to say about that. 

Soybean demand makes the market more receptive to a postharvest rally if production trends lower into January. Corn exports are behind last year’s pace, and importers are turning to Brazil’s corn.

The 64.5-million-bushel sale was split 41.3 million bushels for this marketing year and 24.1 million bushels for 2024-25. It's the 11th largest daily export sale on record and the third largest sale of corn to Mexico.

As the two leaders of the ProFarmer Crop Tour converge, the eastern route and western route tell two very different stories—Chip Flory and Brian Grete are watching the markets with new perspective on crop conditions.

AgriTalk host Chip Flory will have full analysis of the Pro Farmer National Yield Estimates live at 2 p.m. CDT.