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Cattle continue to correct w/lower cash trade ideas, but how low will prices go? Hogs see short covering & spread unwinding w/cattle. Grains continue to see technical selling. Brad Kooima, Kooima Kooima Varilek.

Kentucky is the 27th state to put a wall up against the legislation. EPA countered Kentucky’s move, asking the court to make clear that the latest rule does not apply nationwide.

True armyworm (not to be confused with fall armyworm) is moving into Midwest wheat and corn crops now. Many are newcomers from the South, but homegrown populations are also concerning in Illinois, Indiana and Michigan.

AgDay TV Markets Now: Mike Zuzulo of Global Commodity Analytics says funds sell again in grains with bearish demand story, including China cancellations.

A historic drought has severely cut the size of this year’s crop in Argentina, especially soybeans. Processors will be forced to import soybeans just to stay in business.

USDA’s weekly Crop Progress Report shows 14% of the nation’s corn crop and 9% of the soybean crop is planted. Farmers in Missouri and Tennessee are planting at a rapid pace, but the upper Midwest is already behind.

The Texas State Fire Marshal’s Office released a report from its investigation of the large fire at South Fork Dairy located outside Dimmitt, ruling the fire as accidental with no reported evidence of foul play.

They added they were ready to aid the reconstruction of Ukrainian agricultural facilities damaged by the war.

Fund selling in grains with bearish export news including the China cancellation, poor inspections, Black Sea and Brazilian competition. Cattle down on COF, softer cash, hogs up. Mike Zuzulo, Global Commodity Analytics.

Jon Scheve discusses if corn prices will rally back from the recent decline. Plus, how to make extra profit in a sideways market.