In my opinion, the cattle industry is changing rapidly.  Woefully too much production and processing capacity, caused by the Biden administrations gratuitous handouts of subsidies in every form of payment or forgiveness program to give away 6 trillion dollars, being the cause.

The soybean market is trading with 7 to 12 cent gains ahead of the weekend meeting with the US and China. There were another 3 deliveries issued against May soybeans on Thursday. The cmdtyView Cash Bean price is up 11 3/4 cents to $10.05 1/4. Soymeal futures are up 30...

The wheat market is trading with losses at Friday’s midday. Chicago SRW futures are trading with 5 to 6 cent losses in the front months on Friday. Kansas City HRW futures are facing midday weakness, with to 5 cent losses at midday. Minneapolis spring wheat futures are trading with contracts...

Corn futures are posting a round of strength ahead of the weekend, with contract up 1 to 4 cents at midday. There were another 17 deliveries issued against May futures overnight. The nearby CmdtyView national average Cash Corn price is up 1 3/4 cents at $4.20 1/2. USDA reported a...

Wheat posting fractional to 2 cent gains on Friday AM trade. The wheat complex held the weakness into the Thursday close. Chicago SRW futures were down 5 cents in the front months. Thursday’s Preliminary open interest was up 5,561 contracts. There were another 9 deliveries issued against May CBT wheat...

Corn futures are trading with 2 to 5 ½ cent gains so far on Friday morning. The corn market pulled off the session lows into the Thursday close, with contracts down 1 to 2 cents at the close. Preliminary open interest was up 26,996 contracts on Thursday. There were another...

The soybean market is showing gains of 2 to 5 1/2 cents on Friday morning. Soybeans saw 3 to 6 cent gains across most contracts on Thursday, fighting off midday pressure. Preliminary open interest was up 5,894 contracts on Thursday, most coming in November. There were another 3 deliveries issued...

Soybeans saw 3 to 6 cent gains across most contracts on Thursday, fighting off midday pressure. The cmdtyView Cash Bean price was up 6 1/2 cents to $9.94 1/2. Soymeal futures were down 20 to 90 cents/ton, with Soy Oil futures back up 74 to 112 points. A private export...

The wheat complex held the weakness into the Thursday close. Chicago SRW futures were down 5 cents in the front months. Kansas City HRW futures were 4 to 5 cents in the red on the day. Minneapolis spring wheat futures fell back 2 to 3 cents at the close. The...

The corn market pulled off the session lows into the Thursday close, with contracts down 1 to 2 cents at the close. The nearby CmdtyView national average Cash Corn price was down 1 3/4 cents at $4.18 3/4. USDA reported private export sales of 205,000 MT to Mexico this morning...

Can Corn rally from here?

The rationing is believed starting to make a small impact with comments heard this week.