Tuesday, April 20, 2021 7:10PM CDT
Transportation Secretary Pete Buttigieg spoke to DTN/Progressive Farmer about the American Jobs Plan, pointing to more funding for roads and bridges, electric vehicles and biofuels, and broadband access. While Congress could be split on some aspects of infrastructure, a House Agriculture Committee hearing also showed bipartisan support Tuesday for expanding rural broadband.
Tuesday, April 20, 2021 7:09PM CDT
Market fundamentals and weather prompt farmers to plant more sorghum, and China has already made its first purchase of U.S. grain sorghum for the 2021-22 marketing year.
July corn is up 5 3/4 cents, July soybeans are up 17 cents and July KC wheat is up 3 3/4 cents.
Cattle futures have been unable to find a bottom even though futures are now running at a discount to cash. Pressure stems from increasing grain prices and fund liquidation. The market is oversold and may be overdone to the downside, allowing for a price bounce. Hogs show their resiliency even after some bearish news last week, indicating there may be more strength remaining is this market.