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Wheat was in the spotlight last week but corn and soybeans took center stage in today’s grain trade. Are these markets poised for a bigger rally?

Cattle rally after negative tests for H5N1 in ground beef and improving cash says Scott Varilek, Kooima Kooima Varilek. Grains are putting in weather premium, is a chart breakout in the works?

USDA-FSIS said it collected 30 samples from “states with dairy cattle herds that had tested positive for the H5N1 influenza virus at the time of sample collection.” No virus particles were found to be present.

Changes to farming regulations as well as increased agricultural imports have spurred farmer protests across the European Union over the last year or so. Their efforts may affect the EU Parliamentary elections in June.

According to FDA, the additional testing confirms the safety of the commercial milk supply with what it calls substantial data. The tests were done on 297 samples of milk from 38 states.

Corn and soybeans close higher Wednesday, with wheat and livestock lower. Ted Seifried, Zaner Ag Hedge, recaps the action plus talks about why the stock market rallied after interest rates were left unchanged.

Corn and wheat had a VERY constructive day yesterday which is aiding in an early morning rally. More room to run?

Cattle futures get hit again, but will news of negative avian flu samples help the market find its footing?

AgDay Markets Now: Ted Seifried, Zaner Ag Hedge, says corn and soybeans saw a technical bounce Wednesday, with profit taking in wheat.