Can $6 Old Crop and $5 New Crop Corn Prices Last?

President Biden is expected to present a non-binding but symbolic goal for reducing greenhouse gas emissions that will affect climate efforts in the U.S. and the world.

Commodity prices jumped even higher to start the week, with May corn futures topping $6 again Tuesday. Farmers are reporting local elevators posting new crop corn bids over $5, as well. What's driving the momentum?

USDA’s weekly Crop Progress Report has started tallying soybean planting progress. In the first report of the year to include soybeans, USDA showed 3% of the soybean crop is planted, which is one point ahead of average.

China imported 7.18 MMT of soybeans from the U.S. during March, a 320% surge from shipments the year prior, according to Chinese customs data released today.

Legal pot is becoming big business. Details in today's AgDay Minute.