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Higher exports of livestock and dairy, as well as increased ethanol sales largely offset reductions in grains and feeds, oilseeds and horticultural products.

There have been 469 tornadoes, 3,475 severe wind events and 1,640 severe hail events reported in the U.S. during the month of May. Meterologists say to expect more as the country transitions to a La Niña.

One report says heat unit thresholds for the pest to develop have been met/exceeded in parts of states such as southeast Kansas, central Missouri, central/southern Illinois, central Indiana and western/central Ohio.

Live cattle mixed early digesting last week’s record cash but will eventually make new contract highs says Brad Kooima of Kooima Kooima Varilek. Hogs try to bounce. Corn and soybeans struggle with planting progress.

Wheat makes new highs for the move and then ends well off its highs. DuWayne Bosse, Bolt Marketing, says the trend is still higher but the bull will need to be fed with more bullish news to keep going.

Cattle futures were strong to start the week as fundamentals remain firm ahead of a seasonally strong time of year, driven by firm demand.

Grain futures prices slide lower in the early morning trade. Is a “seasonal top” coming in early this year?

President Joe Biden said if he is re-elected, he will let former President Donald Trump’s tax cuts expire. He wants big increases/changes. . .

Wheat ends higher put off highs, so is the market getting tired? DuWayne Bosse, Bolt Marketing, says the global crop concerns may be priced in. Meanwhile soybeans fall and pull corn down.

Row crop planting has picked up considerable steam over the last week with corn acres now at 80% complete and soybeans at 68%. Both crops are ahead of the five-year average.