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Short covering and technical buying from the speculators were featured today after the corn market got a bullish surprise with Monday afternoon’s weekly USDA crop progress reports.

With more than 90% of the corn crop now planted and growing in 12 key states, it’s time to look for evidence of Pythium, Fusarium and Rhizoctonia. They’re often overlooked because they work underground to steal yield.

Grains lose ground as forecasted rain trumps crop ratings & Ukraine news, plus WASDE positioning. Cattle up 9th day on higher beef and record cash ideas, hogs follow. Chuck Shelby, Risk Management Commodities.

Much of the eastern Corn Belt is currently experiencing drought. Dry conditions have been parked in the western region even longer. Low subsoil moisture is a concern, and short-term dryness is compounding the issue.

Cattle extend gains on record cash and ideas of higher money this week. Hogs see short covering. Grains up on crop ratings and Ukraine concerns. Brad Kooima, Kooima Kooima Varilek.

SovEcon raised its 2023-24 Russian wheat export forecast by 2.7 MMT.

AgDay TV Markets Now: Shawn Hackett says corn and soybeans trade extended weather but what kind of premium does the market need to put in if the rain doesn’t confirm?

Cotton futures extended Friday’s weakness despite crude strength after top crude exporter Saudi Arabia pledged to cut production by an additional 1 million barrels per day from July.

Ken Ferrie is seeing potassium deficiency in corn this season because of dry soil conditions. It’s easy to confuse with a nitrogen deficiency and even the carbon penalty and ugly corn syndrome.