CBOT futures closed narrowly mixed with little new fundamentals to trade on. Weighing on the market was a stronger US Dollar and a negative comment regarding a possible China trade deal from Commerce Secretary Ross. LC and FC futures closed higher except for Feb/Apr LC, and closed near the day’s highs.  

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The Kentucky Department of Agriculture issued a record number of industrial hemp permits that allows a record acreage to be grown.  Kentucky Ag Commissioner Ryan Quarles talks about the number of permits, the acreage, the number of potential new industrial manufacturers and writing new regulations following the 2018 Farm Bill signing.

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Kentucky is home to 2019 American Soybean Association President Davie Stevens of Wingo.  President Stevens talks about serving as the leader of the American Soybean Association, the role of the organization and some of his goals for his term as President.

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Most all Kentucky farmers will be within close proximity of a Dicamba training session this Spring.  University of Kentucky Weed Specialist Dr. Travis Leglighter talks about the upcoming sessions, what will be covered and importance of proper training and application.

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Farmers who use Dicamba herbicides this year are facing some changes in application requirements being imposed by the Environmental Protection Agency.   University of Kentucky Weed Specialist Dr. Travis Leglighter details the changes will be in place this year.  

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The deadline to apply for the second round of Market Facilitation Program payments through the Farm Service Agency Office has been extended due to the government shutdown.  Kentucky FSA Director Brian Lacefield talks about the length of the sign-up period, the reporting deadline and other programs affected by the shutdown that began in late December.

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CBOT futures closed steady to higher with wheat posting the strongest percentage gain.  With USDA HQ closed, there’s a lack of data on supply/demand and on position sizes in futures (long/short).  Cattle futures closed higher with Feeder Cattle up sharply.  Lean Hog futures closed lower on weaker cash hog and pork values.