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U.S. production of renewable diesel hit 5 million gallons a day for the first time in January, the Wall Street Journal reports.

The April WASDE was slightly bearish for U.S. ending stocks compared to expectations, while Argentina production was cut by 3 mmt on corn and 6 mmt on soybeans due to drought.

AgDay TV Markets Now: Brian Grete of Pro Farmer says WASDE slightly bearish for grains but beans higher on news Argentina will allow exporters to delay shipments.

Argentina authorized exporters to delay soy shipments for up to 60 days.

Grains mixed after a neutral to slightly bearish WASDE vs. expectations & w/South American production already factored in. Cattle score more record highs, while hogs are held back by cash. Brian Grete, Pro Farmer.

Grains mixed after the WASDE. USDA left corn and soybean ending stocks unchanged, but raised wheat by 30 mb. They also lowered Argentina soybean production 6 mmt. Brian Splitt of AgMarket.Net has more.

Several grain companies announced plans to stop Russian grain exports as of July 1. As Russia tries to take control of its domestic grain industry, analysts think it will ultimately hurt Russian grain farmers.

Cattle make more new contract highs pushed by record cash and it may top that this week. Hogs see more fund selling. Grains mixed ahead of the WASDE, watching weather. Brad Kooima of Kooima Kooima Varilek has more.

Here’s been some great trading opportunities in grain markets to start the week. Here’s how things are looking ahead of today’s USDA report.