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Grains futures all made new highs for the move in the overnight session but could not hold on to gains during the day says Garrett Toay of AgTrader Talk with a pick up in farmer selling.
A wet, active weather pattern across the Eastern Corn Belt could delay early planting this spring. Meteorologist Matt Griffin says repeated rain events through March and April may keep fields too saturated for fieldwork east of Iowa.
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Lane Akre, economist for Pro Farmer says: “It’s not a matter of collusion, it’s a matter of just not enough supply out in the world.”
Cattle futures are sharply lower on Monday with feeder cattle touching limit down at one point on economic uncertainty according to Brad Kooima of Kooima Kooima Varilek.