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Unrelenting inflation continues to weigh down the U.S. economy and agriculture. Still, CoBank says it believes the Fed will stick with its decision to cut interest rates three times in 2024.

USDA reports 3% of the country’s soybean crop is in the ground, the same as this time last year but two points ahead of the average pace. In all 10 states are reporting progress, and planting is ahead of average.

Grains end lower on Monday erasing most of the gains from Friday. Randy Martinson, Martinson Ag, says weather and farmer selling were the biggest factors.

Heavy rainfall across Argentina’s core soybean production areas has caused harvest delays and could lead to production losses, the Rosario Grain Exchange said.

The U.S. Drought Monitor shows drought coverage is now at its lowest level since spring of 2020, but USDA’s topsoil moisture map shows it’s still extremely dry in areas of the west and too wet in the east.

The Panama Canal Authority (ACP) is cautiously optimistic about returning to normal operations by 2025, although this depends on weather conditions.

Grains end lower on Monday on weather forecasts for rain in the corn belt and increased farmer selling. Randy Martinson, Martinson Ag says cattle saw short covering.

This week Machinery Pete – Greg Peterson – takes a deep dive into used equipment auction data and what it might mean to the dealer network, and an auction up North nearly sets a price record on a two-decade old tractor.

Cattle see a short covering bounce after a lower week and with less war fear says Brad Kooima of Kooima Kooima Varilek. Hogs continue to see fund liquidation.. Grains retreat on farmer selling & weather.

It’s a tale of two extremes this year. Some farmers report they can’t find soil moisture to plant into, while others are struggling just to get into their fields. Agronomist Ken Ferrie weighs in on both scenarios.