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Jon Scheve explains how farmers LOSE money with “free” storage or DP (delayed pricing) offerings and urges farmers to stop using them.

Cattle futures recover after Monday’s chart damage, hogs consolidating for the 5th day. Soybeans build on Monday’s reversal, while corn is consolidating above support. Brad Kooima, Kooima Kooima Varilek, has more.

According to two sources, in recent days the U.S. Attorney’s Office for the Southern District of New York has interviewed former ADM employees, ramping up pressure on the global commodities giant.

Brian Grete, editor of Pro Farmer says, “Soybeans saw mostly corrective buying as funds have built a short position and may be covering some of those contracts heading into the WASDE report on Thursday.”

Grains mixed as soybeans see corrective buying, wheat falls on dollar strength, corn caught in the middle. Funds take profits in cattle after hitting chart resistance, hogs consolidate. Brian Grete, ProFarmer, has more.

ICIS senior fertilizer editor Mark Milam shares that while the fertilizer market appears to be in good shape at the moment, there are a couple of important trends moving forward this spring.

Former President Donald Trump hinted at imposing tariffs on Chinese goods exceeding 60% if re-elected, signaling a more aggressive stance towards China, which is the primary supplier of goods to the United States.

Grains lower as funds continue to sell on Brazil harvest pressure & rain in Argentina. Cattle extend gains with higher cash ideas, hogs see profit taking & hedge pressure. Kent Beadle, Paradigm Futures has details.

The January 1, 2024, beef cow herd inventory was 28.22 million head, down 2.5 percent year over year and a decrease of 3.47 million head or 10.9 percent lower, from the cyclical peak in 2019.

Ag economists have little doubt Brazil will remain the world’s top exporter of soybeans, but with potential safrinha corn production problems, economists aren’t confident Brazil can hang on to the top spot in corn.