Agriculture Secretary Tom Vilsack announced that USDA is allocating $300 million under RAPP to 66 U.S. organizations to build demand for American food and farm exports in high-potential markets around the globe.

Yesterday’s Crop Progress report showed planting in the U.S. ahead of analyst expectations which pressure prices in the overnight trade. Will support hold?

Mike Zuzulo, Global Commodity Analytics, says the wheat market is taking its cue from the Paris wheat futures which is pricing in production concerns in the Black Sea and Europe.

Wheat resumes its weather rally on global production concerns, pulling up corn and soybeans. Cattle take a breather despite higher cash. Hogs struggle on China news. Mike Zuzulo, Global Commodity Analytics, has more.

For the first time in two years a uniform set of data reports is suggesting that restrictive monetary policy may be starting to bite, says Dr. Vince Malanga, president of LaSalle Economics.

Bipartisan support will be needed, says Syngenta’s Mary Kay Thatcher, if the proposed legislation has any chance of being passed this year. It’s expected to face considerable push back in the Democrat-controlled Senate.