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A recap of this week’s price action plus market outlook broken down into 5, 30 and 90 day segments.

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?

Corn and soybeans continue to see fund selling, while funds are covering shorts in wheat. Outside markets respond to Jobs data. Cattle try to extend gains pushed by higher cash. Darin Newsom, Barchart, has more.

Corn-for-ethanol use totaled 481.7 million bu. during December, 3.3 million bu. above the average pre-report estimate.

With recent turnover in company leadership, a divestment in its insurance business, and a growing list of partnerships, FBN is re-focusing its business.

Will cattle prices set new record highs in 2024? Kevin Good, CattleFax has their price outlook for fed cattle and feeders.

AgDay TV Markets Now: Kevin Good of CattleFax says record fed and feeder cattle prices are expected in 2024.

While resilient farmland prices were the theme in 2023 and farmers were in the driver’s seat in most sales, Jim Rothermich with Iowa Appraisal has recently noticed a couple changes in the market.

Cattle open higher in reaction to USDA’s confirmation of a small herd and no signs of rebuilding, Hogs see profit taking, grains back lower as funds return as sellers. Scott Varilek, Kooima Kooima Varilek, has more.

Herbicide-resistant weeds are a significant threat to soybean, cotton and corn yield potential — and the future of crop production.