The Fed being hellbent on fighting inflation will temper grain commodity prices in the year ahead.

China reopening makes me optimistic on demand for the first half of 2023, but South American production will have a major influence on whether that demand is fulfilled by the U.S. or Brazil.

I believe the top lesson from the 2022 crop year is farmers need to put aside the market hype and look to sell grain on rallies, or at least protect high prices with put options.

Historically, corn basis has been wide in the Midwest and the western Corn Belt, while tight in the East. In 2022 it was the opposite. What happened?