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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.

Oklahoma State’s Derrell Peel points out with the U.S. beef cow herd the smallest since 1961 and the all cattle inventory the lowest since 1951, it’s setting the cattle market up for higher highs.

“The fund selling in grains isn’t just about China and Brazil, but also the carry in the markets. That is your theme,” says John Payne with Hedge Point Global Markets.

Prima Wawona, a stone fruit producer in Fresno, Calif., announced in October it filed for bankruptcy with more than $600 million in debt.

NGTs give us a chance to hit the reset button—and embrace a technology that can make agriculture more climate conscious, more sustainable, and more fruitful.

“We can move so much faster. By our estimates, less than 2% of farmers are participating in these programs industry wide,” Truterra president Jamie Leifker says.

AgDay TV Markets Now: John Payne with Hedge Point Global Markets says soybeans and corn down for the week with soybeans back below $12.

The Biden administration is taking aim at grocery chains, suggesting they lower prices as their costs decline.