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Weekly overview of ag commodity market news & price action compiled by Austin Schroeder with Brugler Marketing. Not intended as trading advice. Actions taken are responsibility of the reader.

The Biden administration will release a preliminary climate model for its SAF subsidy program in the coming weeks that is more restrictive than the corn-based ethanol producers had hoped.

The intricacies of modern planting systems complicate preparing for the first day in the field. Farmers now have to worry about components and systems that didn’t exist 10 years ago.

Grains are mostly higher early and Darin Newsom with Barchart, chalks it up to fund short covering. The dollar rallies with interest rate concerns tied to non-farm payroll data, while cattle see more fund selling.

Jeff Hoogendoorn, Professional Ag Marketing, says corn may trade range bound until more is known about the weather for the 2024 planting season, but with only 90 million acres planted it will be sensitive to any issues.

Sid Miller, commissioner of the Texas Department of Agriculture, says the risk of highly pathogenic avian influenza impacting beef cattle in the state’s panhandle – where dairy cows have been infected – is minimal.

Purdue’s Ag Economy Barometer Index is up for March - something Jim Mintert says is a result of increased farmer optimism for the future.

NASS will make changes to its survey work for the January Cattle Inventory Report, December Hogs & Pigs Report, Cattle on Feed Report and Milk Production Report, along with some others.

Grains lean higher except soybeans with an up day in cattle and hogs. Jeff Hoogendoorn, Professional Ag Marketing, has analysis.

Scott Varilek, Kooima Kooima Varilek, says cattle try to bounce early but rallies are hard to sustain as new HPAI headlines circulate. Hogs consolidate, while grains chop looking for direction.