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Grains mostly higher with report positioning & spillover from friendly CPI data. That’s supporting hogs and live cattle are making new highs. Allison Thompson, The Money Farm, has details and a preview of the WASDE.

Thieves are ripping off yield monitors and navigation systems, many of which retail for $4,000-plus. Some authorities speculate the tools are sold on the black market abroad for use as is or pieced out for their parts.

Purdue reports a 40.7% increase in U.S. Agricultural Confined Space-Related Injuries and Fatalities from 2021 to 2022.

AgDay TV Markets Now: Arlan Suderman with StoneX discusses what changes he expects in the WASDE and why USDA will lower yield.

Dr. Carl Zulauf of Ohio State University, via a FarmDoc Daily article, proposes merging General CRP and Continuous CRP into a Site Specific CRP.

Renewed wholesale strength seemed to trigger a fresh surge in hog futures, with today’s big gains projecting sustained cash market strength over the short run.

Grains higher in a risk on day in outside markets, with weather & pre-report positioning. Cattle make contract highs in deferred with strong cash, hogs rally on higher cash, demand. Arlan Suderman, StoneX.

The program targets those who were discriminated against before Jan. 1, 2021, or those still in debt from discriminatory USDA farm loans.

The Emergency Relief Program (ERP) Phase 2 has dispersed $2.015 million, eclipsing the $2 million threshold. However, these disbursements are much lower than what USDA had projected for this program.