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Chip Nellinger says, “Producers should be prepared to be more aggressive than years past in protecting downside price risk.”

“Near term, the soybean market has a loftier perch with a tight balance sheet emerging from supply headwinds,” says Mike North.

“It’s difficult to find anything bullish to say about corn for 2024.” says Jon Scheve.

Angie Setzer says, “With their new trade agreement with Brazil, China is likely to import less corn from the U.S. in 2023.”

The International Energy Agency (IEA) further raised its 2024 global oil demand growth forecast, though its projection remains lower than OPEC’s expectations.

AgDay TV Markets Now: Grains finally close higher but can the markets build on it? Jim McCormick, AgMarket.Net, has the answer.

Markets Now Special: Meteorologist Eric Snodgrass says recent storms improve drought outlook and Mississippi River water levels. Plus, Brazil rains in extended forecast.

Times are different, which means trying to predict how used farm equipment values will behave coming out of a strong up cycle into a slower, tighter period in the ag economy is dangerous.

New non-real estate farm lending activity at commercial banks continued to decline in the fourth quarter, according to the Federal Reserve Bank of Kansas City.

Grains finally end higher, but can the market build on it? Cattle make new highs for the move pre-COF, while crude oil rallies in a risk on day. Jim McCormick, AgMarket.Net has more.