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Brazil is now expected to produce a record 153.5 MMT of soybeans this year.

Mostly lower markets with spillover from a risk off day in outside markets w/election reaction, report positioning. Soybeans are holding up w/ 17 mb of export biz. Michelle Rook with Rich Nelson of Allendale.

According to Japan, the green legislation includes “discriminatory” subsidies that would make Americans more likely to buy from local electric vehicle manufacturers.

Chinese leaders are considering steps toward reopening after nearly three years of tough pandemic restrictions. The news comes as China’s imports and exports slow on rising risks of a global recession.

China’s economy has been slowing the past several months due to continued COVID lockdowns. Since the Chinese election, however, stories have been flip flopping on a possible change in policy.

There are major concerns for the agricultural sector in Brazil.

The midterm elections are critical for agriculture because whichever party controls the House and Senate will trickle down to the leadership of the ag and budget committees as they write a new farm bill.

Markets close mostly lower w/ technical selling in the grains, report positioning and fading export biz. Livestock consolidated in an inside day. Michelle Rook is joined by Garrett Toay of AgTraderTalk.

A pile of parts and a lot of spare time could produce interesting results.

Brazil is a top-five producer of 34 agricultural commodities. As Brazilian farmers start to plant this fall, forecasts show the 2022/23 crop harvest could be the largest ever.