Garrett Toay with AgTraderTalk says the grains fell despite the sharply higher crude oil market but why now?

Scottsbluff farmers face drought, low snowpack and delayed irrigation. Many are returning seed or having to pre-irrigate to get crops planted.

As a ‘disconnect’ grows between macro-economic data and farm-level decisions, lenders urge transparency and proactive planning to bridge the gap in the current downturn.

A historic lack of winter moisture and drying water sources are forcing Wyoming and Nebraska producers to make gut-wrenching choices. At Torrington Livestock Markets, sales volume has surged to nine times its normal seasonal average.

Scott Varilek with Kooima Kooima Varilek says cattle had a lower week last week on fund liquidation and headlines regarding new NWS cases. However, he’s not sure if the funds are done selling yet.

Jerry Gulke, president of the Gulke Group, says the lower monthly close is especially significant because corn also failed to close above the April high.