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A mostly higher close except wheat, w/ more short covering in corn and beans but how much more recovery will we see? Cotton prices firmer, while cattle up following cash. Shawn Hackett, Hackett Financial Advisors.

As drought creates a dire situation for farmers in the Southern Plains, National Sorghum Producers is not only concerned about the financial outlook for 2023, but how disaster aid payments will be dispersed for 2022.

Russia is now saying it will only extend its Black Sea grain deal if sanctions are lifted on its own agricultural products. The deal, which was brokered last year, allowed for safe passage of Ukrainian ag products.

See & Spray Premium is available for John Deere MY 2018 and newer self-propelled sprayers in the U.S. with factory-installed ExactApply System/ ExactApply Performance Upgrade Kit, steel boom and 15” or 20” spacings

“The modem, along with the G5 Universal displays and StarFire 7000 Universal receiver, provide customers with a pathway to the future of precision ag,” says Ryan Stien, marketing manager for John Deere.

Corn, soybeans see more short covering, w/strong meal & drop in Argentina crop ratings. Cattle up with strong cash, putting in weather premium, hogs up for now. Scott Kooima of Kooima Kooima Varilek has details.

Markets mostly higher. More short covering in grains w/ the lower dollar and declining Argentina ratings. Soybeans hit 50% retracement. Cattle bounce with firmer cash. Randy Martinson of Martinson Ag.

With USDA’s carryover estimates trending higher and price outlook trending lower from last year, many expect the sideways trends in new-crop futures to continue until the next shift in the fundamental outlook.

AgDay TV Markets Now: Soybeans and wheat continued to recover on Thursday, but corn wasn’t able to maintain its early strength. DuWayne Bosse of Bolt Marketing explains why.