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AgDay TV Markets Now: Dave Chatterton, Strategic Farm Marketing explains the big rally in soybeans Monday and why corn and wheat weren’t able to follow.

Soybeans rally building back Brazil weather premium, with wheat down for the second day on profit taking and corn follows. Cattle futures extend gains. Dave Chatterton, Strategic Farm Marketing, has more.

In October, USDA said the average value of U.S. cropland (irrigated and nonirrigated) was $5,460 an acre in 2023--an increase of 8.1% from 2022. High-quality ground is selling for two to three times that.

West Texas is the largest cotton production area in the country, but after battling drought and heat, area farmers say the dryland crop is a failure, and the irrigated acres are only yielding half of normal.

Soy complex futures posted strong gains to start the week, with January soybeans up 32 cents to $13.36, January meal futures $8.50 higher to $413.20 and January soyoil up 91 points to 51.11 cents.

COP28’s decision to not include food and agriculture as a way to meet climate goals was influenced by a request from the G77 group of developing countries for additional review related to agriculture and food.

To help growers create an effective management plan for controlling soybean cyst nematode (SCN), the SCN Coalition shares five key steps to take.

Neil Lee’s cotton dealt with cool weather early on, which stunted the crop. It then turned off hot and dry. At harvest, he was thrilled to find “money bolls” at the bottom of the plant.

Soybeans add Brazil weather premium with help from export biz, corn tried to follow but got pulled down by wheat which is seeing profit taking. Cattle struggle to hold gains. Randy Martinson, Martinson Ag, has more.

Organic food sales have grown over time, but it’s still only accounts for 2.5% to 6% of the food market. How much is organic farming growing year over year? John Phipps answers a viewer’s question in Customer Support.