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Grains closed mixed as corn and KC wheat hit chart resistance, but new highs in soybean meal helped soybeans. Livestock rebounded on technical short covering. Chip Nellinger of Blue Reef AgriMarketing has more.

CattleFAX provided their cattle price outlook for 2023. Michelle Rook talks with Kevin Good of CattleFAX to get details.

“With 90% of corn acreage in the U.S. being planted to biotech seeds and Mexico being the number one purchaser of U.S. corn, I’m concerned this decree is not being met with urgency it deserves,” said Sen. Grassley.

The latest estimate from StoneX raises its Brazilian soybean crop estimate to a record level.

Grain and livestock futures see early strength. Technical buying in grains, drier weather in Argentina and strong corn exports. Cash grain prices holding strong according to Nick Tsoilis with The Farmer’s Keeper.

Cattle futures lower fading USDA’s Cattle Inventory Report. Hogs resume their slide, while grains ended mixed as soybeans see profit-taking. Is the weather rally over? Brad Kooima of Kooima Kooima Varilek has more.

“Orthman’s founder, Henry Orthman, was much like my father in that they both began with small ideas and grew those ideas into world-class companies to help farmers become more efficient,” said Larry Unverferth.

AgDay TV Markets Now: Brad Kooima of Kooima Kooima Varilek says cattle futures fade USDA Cattle Inventory Report but will eventually make record highs.