Allison Thompson of The Money Farm says grains markets extended gains for a second day with talk of ag exemptions and then another 30 day extension on tariffs on Mexico and Canada.

This marked the 15th month of the past 16 in which agricultural trade posted a deficit.

The exemption, which will expire on April 2, covers the two largest U.S. trading partners. Trump had earlier only mentioned an exemption for Mexico, but the amendment he signed to his order for 25% levies on imports, which went into effect on Tuesday, covers Canada as well.

Volatility has ramped up across commodity markets over the last few weeks which has given traders on both sides of the markets a lot of shorter-term trading opportunities.

A new digital auction house is offering zero commissions and a 2% buyer’s premium on used farm equipment.

The poultry industry is one of the biggest demand drivers for corn and soybean meal, but HPAI is eating into sales.