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Cattle still correcting, with an eye on cash. Hogs see more short covering with higher cash & cutouts. Grains up w/fund buying, dry wx, Drought Monitor expanding drought areas. Scott Varilek, Kooima Kooima Varilek.

Wednesday’s interest rate decision broke a streak of 10 straight meetings where the Fed announced higher rates. Officials say another half-a-percentage-point hike is likely yet this year.

“We are working to democratize geospatial insights for farming everywhere,” says CEO Pieter Fossel.

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AgDay TV Markets Now: Chuck Shelby with Risk Management Commodities discusses if corn and beans have enough weather premium and what it will take to retest Tuesday’s highs. Plus, reaction to the Fed move.

Pay particular attention to hydraulic hoses, down-pressure components and anywhere birds and varmints can have a heyday. Your future self will thank you.

It’s not as simple as you might think. House Ag Chair G.T. Thompson shares a rundown of the funding and extension processes. He says the ag committees need to find new dollars to expand the farm bill budget.

Wednesday’s fundamental and technical analysis for corn.

Grains lean lower on technical selling & weather, what will it take to retest Tuesday’s highs? The Fed pauses, says more hikes coming. And profit taking in cattle and hogs. Chuck Shelby, Risk Management Commodities.