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Brian Grete, editor of Pro Farmer says, “Soybeans saw mostly corrective buying as funds have built a short position and may be covering some of those contracts heading into the WASDE report on Thursday.”

Grains mixed as soybeans see corrective buying, wheat falls on dollar strength, corn caught in the middle. Funds take profits in cattle after hitting chart resistance, hogs consolidate. Brian Grete, ProFarmer, has more.

ICIS senior fertilizer editor Mark Milam shares that while the fertilizer market appears to be in good shape at the moment, there are a couple of important trends moving forward this spring.

Former President Donald Trump hinted at imposing tariffs on Chinese goods exceeding 60% if re-elected, signaling a more aggressive stance towards China, which is the primary supplier of goods to the United States.

Grains lower as funds continue to sell on Brazil harvest pressure & rain in Argentina. Cattle extend gains with higher cash ideas, hogs see profit taking & hedge pressure. Kent Beadle, Paradigm Futures has details.

The January 1, 2024, beef cow herd inventory was 28.22 million head, down 2.5 percent year over year and a decrease of 3.47 million head or 10.9 percent lower, from the cyclical peak in 2019.

Ag economists have little doubt Brazil will remain the world’s top exporter of soybeans, but with potential safrinha corn production problems, economists aren’t confident Brazil can hang on to the top spot in corn.

Oklahoma State’s Derrell Peel points out with the U.S. beef cow herd the smallest since 1961 and the all cattle inventory the lowest since 1951, it’s setting the cattle market up for higher highs.

“The fund selling in grains isn’t just about China and Brazil, but also the carry in the markets. That is your theme,” says John Payne with Hedge Point Global Markets.

Prima Wawona, a stone fruit producer in Fresno, Calif., announced in October it filed for bankruptcy with more than $600 million in debt.