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Soybean prices continued to slide this week on news that a wetter weather pattern is blanketing Brazil. The rains are giving the crops a much-needed drink after battling severe drought conditions at the end of 2023.

Major winter storms are on the way early next week. With the possibility of blizzard conditions to flooding in the southeast, the impact on agriculture could be two-fold: good news for drought but stress to livestock.

Corn and soybeans lower on fund selling w/poor exports & removing Brazil wx premium, wheat up on short covering. Cattle set back with softer cash, while hogs bounced. Darren Frye, Water Street Solutions, has more.

Brazil exported 3.829 MMT of soybeans during December, according to official government data.

Corn falls and soybeans make new lows for the move w/exports a MYL, & better Brazil wx. Wheat bounces on short covering. Cattle 2-sided with beef lower, cash higher. Crude oil up. Darin Newsom, Barchart, has more.

AgDay TV Markets Now: Arlan Suderman, StoneX, says soybeans slide but may be taking out too much risk premium with the crop losses in Brazil. Corn and wheat stage a technical bounce with the lower dollar.

For long-term success, farm leaders should regularly assess the landscape of their operation and adjust their strategies accordingly.

After Texas renovated a highway, Richie DeVillier’s ranch experienced catastrophic flooding that destroyed his crops and killed his cattle. A seven-year legal battle ensued, which now heads to the Supreme Court.

The White House expressed concern over the potential impact of higher shipping costs on the U.S. economy due to the diversion of ships from the Red Sea.

Grain markets had a mixed day with corn and wheat higher while soybeans continued to struggle. Limit up in lean hogs gives us expanded limits tomorrow.