It’s been a wet spring for many parts of the Corn Belt, and John Phipps says one of the advantages of his advancing age is the ability to start worrying earlier.

Grains end lower on improved weather and profit taking ahead of the 3-day holiday and the next WASDE. Live cattle rebound with higher beef prices, but will the recovery continue? Naomi Blohm of Total Farm Marketing.

USDA’s reports showed some surprises last week, including tighter than expected stocks. If China continues to buy corn, analysts say it creates even tighter old crop stocks, but if China quits buying, prices could drop.

Argentina announced a new preferential exchange rate dubbed the “agro dollar,” which aims to boost agricultural exports and strengthen international reserve accumulation.

While Tai has faced strong criticism about a lack of new trade agreements being pursued, she claimed this week that the U.S. is “nearing a consensus on the need to do things differently.”

If weather conditions allow crop yields to return to trend-line levels in 2023, prices for corn, soybeans, wheat, cotton and many other crops are likely to fall.