In Bob Lindeman’s soybean rows, planting populations are on a general decline, and the reduction is not about saving dollars up front, but on combatting mold and rot.

There is now a dollar value assigned to grain carbon intensity scores below 29 in the form of tax credits to biofuel plants that buy grain as part of their decarbonization efforts.

Corn and wheat lower on profit-taking, despite news the grain deal is done. Soybean higher w/meal, wx concerns. Live cattle consolidate off contract highs awaiting cash, hogs sense a cash top. Brian Grete, Pro Farmer.

AgDay TV Markets Now: Brian Grete with Pro Farmer discusses why grains faded news of an end to the Black Sea Grain deal but yet soybeans held gains.

Legislators have until Wednesday to propose amendments to the fiscal 2024 Ag appropriations bill, which could lead to test votes on farm bill matters. The measure could begin debate next week.

November soybean futures continue to climb higher but were unable to maintain last night’s gap higher caused by increased geopolitical risk around the Black Sea.