It's amazing how quickly a change in the two-week weather forecast can impact corn prices. Friday morning weather reports showed possible rain, so the market was trading lower. By midday, precipitation was looking less likely, and corn values increased 30¢. This is what a weather market looks like.

After years of drought, some areas of Texas are now breaking records for the wettest May ever. With most of their crop left to plant, farmers are being forced to make some tough decisions and crop changes.

The Senate and House ag committees are facing delays in drafting the next farm bill, which is expected to be the most expensive farm bill to date, clocking in at around $1.5 trillion.

While serving as an inspector at the southern U.S. border, a Laredo, Texas, man accepted bribes from Mexican cattle brokers to allow cattle to enter the country without proper quarantine or inspection.