Grains see technical selling pressure from weather. Cattle try to extend gains a second day so is HPAI fear subsiding? Hogs higher. Kent Beadle, Paradigm Futures, has insight.

Unrelenting inflation continues to weigh down the U.S. economy and agriculture. Still, CoBank says it believes the Fed will stick with its decision to cut interest rates three times in 2024.

USDA reports 3% of the country’s soybean crop is in the ground, the same as this time last year but two points ahead of the average pace. In all 10 states are reporting progress, and planting is ahead of average.

Grains end lower on Monday erasing most of the gains from Friday. Randy Martinson, Martinson Ag, says weather and farmer selling were the biggest factors.

Heavy rainfall across Argentina’s core soybean production areas has caused harvest delays and could lead to production losses, the Rosario Grain Exchange said.

The U.S. Drought Monitor shows drought coverage is now at its lowest level since spring of 2020, but USDA’s topsoil moisture map shows it’s still extremely dry in areas of the west and too wet in the east.