Jerry Gulke: Have Weather Premiums Returned to the Grain Markets?

With the popularity of electric and hybrid vehicles growing, long-term gasoline use could drop, taking ethanol consumption with it. Will ethanol continue to be the juggernaut in the corn market?

Cash cattle prices hit a record high last week of $173.10. Then this week the April live cattle futures also took out the 2014 high. Market analysts expect the cash market to strengthen further, which could continue to pull the futures into record territory.

What's the next challenge for U.S. farmers? To plant the 92 million acres of corn and 87.5 million acres of soybeans.