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AgDay TV Markets Now: Don Roose, U.S. Commodities says markets could be volatile last week of 2023 depending on Brazil weather.

With all that’s been talked about regarding 2023’s trials and tribulations in the pork industry, there may be one final question to ask as we flip the calendar. “Is this a defining moment?” asks economist Lee Schulz.

How much is the drought cutting Brazil’s crop and will soybean and corn prices take note if forecasted rains don’t confirm?

Growers can benefit from evaluating the dispersion of N, P and K and pH levels in no-till fields. Often, there is a drop off in soil fertility levels in no-till soils once below the three-inch mark.

Weekly overview of ag commodity market news & price action compiled by Austin Schroeder with Brugler Marketing. Not intended as trading advice. Actions taken are responsibility of the reader.

Grains mostly higher Friday but down for the week on technical selling, with more favorable wx in Brazil. USDA reports friendly for hogs, neutral to slightly bearish for cattle. Don Roose, U.S. Commodities has more.

While the Farmers’ Almanac and Old Farmer’s Almanac are both backward looking – derived from past data that come close to current conditions. Weather agencies are tending more toward predictive computer models.

From the election to world trade, as well as geopolitical factors that have the potential to shape agriculture in 2024, the December Ag Economists’ Monthly Monitor shows the possibility of several economic surprises.