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AgDay TV Markets Now: Randy Martinson with Martinson Ag says grains rally on Friday as funds buy heading into the weekend and put in weather premium, cattle are in record territory. Will it continue?

July soybeans traded in an 84 1/2 cent range last week. Trading to their lowest levels since January 2022, but rebounding to post the highest closing price since May 16th.

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The House overwhelmingly approved a debt ceiling bill that also curbs federal spending, causing House Speaker Kevin McCarthy (R-Calif.) to hint at further tightening work requirements for safety net programs.

After a volatile week, Jerry Gulke was encouraged corn and soybeans closed higher Friday and near session highs. That tells him the weather market, which is still in its early stages, hasn’t run out of steam.

It was blood bath in the grain markets with soybeans hitting multi-year lows to start the week, but growing drought concerns then sent markets higher. Dan Basse and Ben Brown explain what the trade is now watching.

If you’re aiming for a 200-bu. corn crop this season, be aware it will need at least 34 pounds of sulfur per acre.

Soybean market outlook and price drivers over the next 90 days.

Grain and livestock futures end higher Friday. Grains supported by weather, outside markets and cash strength. Cattle made new highs on record cash trade. Have hogs finally bottomed? Randy Martinson, Martinson Ag

A recent report from CoBank’s Knowledge Exchange indicates the interest-related cost of carry for the 2023-24 marketing year is predicted to rise to record highs.