By Michael Diliberto, Ph.D.
LSU AgCenter
The USDA WASDE report released late last week did not contain any major surprises for the markets. Traders have their attention on South American production-which will impact U.S. export competitiveness. Traders and Growers continue to monitor new crop price ratios and cost of production for 2023 crop acreage decisions. Input price volatility remains present, but recent weeks in the fertilizer and fuel markets seem to suggest that prices are on the decline. The bad news is that prices remain high by historical standards. With that being said, the LSU AgCenter will be releasing 2023 crop enterprise budgets and farm management decision tools on January 3, 2023 via their website. All information will be made available in download in PDF and Microsoft® Excel format.