AgDay TV Markets Now: Mark Schultz of Northstar Commodity talks about the report positioning and profit taking in grains as well as cattle after new highs.

USDA’s first official net farm income forecast shows an expected 16% drop in 2023 net farm income, largely due to a decline in commodity prices and government payments with higher expenses and costs at the farm level.

So far this winter, grain movement in Canada has incurred few if any major problems to stymie rail shipments, according to Mark Hemmes, president of Quorum Corp., which tracks rail movement in Canada.

Grains end mostly lower ahead of the WASDE, watching SA production, crude oil. Live cattle hit by profit taking after contract highs, with short covering in hogs. Mark Schultz of Northstar Commodity has analysis.

Mexico’s new decree will indicate that if U.S. GMO corn passes the sanitary filters of the Federal Commission for Protection against Sanitary Risks (Cofepris), it will have no problem entering Mexico.

Cattle lower, but with is this just healthy profit taking after contract highs? Hogs try to recover after new lows. Report positioning in the grains. Brad Kooima of Kooima Kooima Varilek has analysis.