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Corn, soybeans see more short covering, w/strong meal & drop in Argentina crop ratings. Cattle up with strong cash, putting in weather premium, hogs up for now. Scott Kooima of Kooima Kooima Varilek has details.

Markets mostly higher. More short covering in grains w/ the lower dollar and declining Argentina ratings. Soybeans hit 50% retracement. Cattle bounce with firmer cash. Randy Martinson of Martinson Ag.

With USDA’s carryover estimates trending higher and price outlook trending lower from last year, many expect the sideways trends in new-crop futures to continue until the next shift in the fundamental outlook.

AgDay TV Markets Now: Soybeans and wheat continued to recover on Thursday, but corn wasn’t able to maintain its early strength. DuWayne Bosse of Bolt Marketing explains why.

“The prioritization of resource concerns must be left to the local level where producers decide how they can best address their unique and varied landscapes and needs,” said Sen. John Boozman.

It’s too soon for details yet, but it is clear based on our sources the U.S. crop and livestock insurance programs are being closely reviewed.

Remember when Trump was president and he tried to find a “win-win” regarding ethanol policy? In the end, neither side was satisfied. That again is the case with EPA’s year-round E15 sale announcement on Wednesday.

Grains see follow through buying and short covering but are the bottoms in? More profit taking in the cattle so is this topping action? Darin Newsom, Sr. Market Analyst with Barchart has the answers.

AgDay TV Markets Now: Grains finally see a short covering bounce Wednesday but after the selloff in grains what should farmers be doing for marketing? Tomm Pfitzenmaier of Summit Commodity Brokerage has advice.

Corn-for-ethanol use totaled 443.6 million bu. in January, according to USDA.