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 2 1/4 cents, July soybeans are up 4 cents and July KC wheat is up 7 cents.
Livestock futures rallied Tuesday even in the face of continued rising grain prices. Cattle may be pulled ahead more aggressively, increasing beef supply to a strong demand market. This could stabilize cash prices for a period of time. Tightening hog supplies have been a concern of packers and will remain that way for a period of time.