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Recent WASDE reports had assumed another record Brazilian soybean crop and Argentina returning to normal, but the El Niño weather pattern might have something to say about that.

China bought around 3 MMT of soybeans or 110 million bushels from the U.S. last week, a volume that reportedly surprised the market. They added another 7.5 million bushels on Monday.

Grain markets got shot out of a cannon in Monday’s trade, will we see that momentum continue through the week?

AgDay TV Markets Now: Tomm Pfitzenmaier, Summit Commodity Brokerage, says South American weather is the key to the corn and soybean markets with the WASDE Report out of the way.

Soybeans higher on China export news and SA weather, corn tries to follow with a Mexican sale but anchored by wheat. Cattle try to recover after an ugly week. Mike Zuzulo, Global Commodity Analytics, has more.

AgDay TV Markets Now: Brian Grete, Pro Farmer, talks about the big rally in soybeans and meal and if prices will climb past $14 resistance, plus corn scores a key reversal.

East-central Texas farmers battled historic heat, along with no rain during the heart of the growing season. The outlook on the cotton crop was bleak, but one Texas farmer says cotton harvest produced several surprises.

According to USDA’s crop progress report, 88% of corn and 95% of soybeans have been harvested so far.

An extension of the current farm bill is now a reality. House and Senate Agriculture Committee leaders were able to extend the current legislation as a possible government shutdown looms.

Regardless of preferences or past assumptions on storage, Shay Foulk encourages growers to run the numbers to see if new or more storage makes sense in their operations.