The corn price momentum quickly faded on Tuesday as traders seemed disappointed by conservative adjustments to its corn import forecast for China.

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The Northern Plains will stay dry and cold, and the Central Plains into the Ohio Valley will be hit with a parade of snow events over the next two weeks.

A month after USDA releases its final production estimates, USDA’s February report typically doesn’t provide major revisions. With possible changes to corn demand, analysts say Tuesday’s report could be different.

USDA’s first look at net farm income shows without continued ad hoc government payments, net farm income will drop this year.

A far cry from this time last year, farmers are actually asking the question ‘what should I add?’ versus ‘what do I need to cut?’ With skyrocketing commodity prices, farmers have the opportunity to experiment.