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With higher-than-average costs and spring planting on the horizon, farmers are locking in their 2023 input needs.

Is the Biden Administration’s trade agenda finally making some progress? Farm groups are hopeful after key appointments are confirmed and some recent success stories on the trade front.

Markets mostly lower early with profit taking in corn and beans with Argentina crop concerns dialed in. Cash basis levels on grains are also softening. Nick Tsiolis of Farmer’s Keeper says there is downside risk.

Nearly one year after Russia invaded Ukraine, Ukraine’s agriculture is still in severe disarray. The trade flow disruptions contributed to forcing an additional 60 million people into acute food insecurity.

AgDay TV Markets Now: Matt Bennett of AgMarket.Net talks about soybeans closing higher on Argentina frost. However, neither soybeans or meal took out last week’s highs, so will the rally continue?

March soybeans rose 21 1/2 cents to $15.48 3/4. May soybeans gained 21 3/4 cents at $15.44. Both contracts closed near the session highs and closed at contract high closes.

The soybean complex was up on Argentina frost. Corn tried to follow but wheat failed with forecasted moisture in HRW areas. Livestock up working in strong cash and cutouts. Matt Bennett, AgMarket.Net has analysis.

Between the 2022 CHIPS Act and the 2022 Inflation Reduction Act, there’s a policy push to bring the production of both semiconductor chips and nitrogen to the U.S.

On Thursday, at the National Farm Machinery Show in Louisville, Great Plains introduced new offerings with the VT1100 Turbo-Max, Terra-Max variable-intensity tool, and Turbo-Seeder.

Markets are mostly higher at midday with cattle and hogs supported by higher cash and cutouts. Soybeans and meal trading Argentina frost and trying to pull corn along. Brad Kooima of Kooima Kooima Varilek.