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According to USDA, the pilot will mirror the working library that was shared with stakeholders in 2022 but will now contain active contracts.

The U.S. Army Corps of Engineers has been dredging the river 24 hours a day, 7 days a week since July but hopes to finish very soon.

Grains try to recover midday with help from the reversal in outside markets. Live cattle are mixed with bullish hopes for the USDA Cattle Inventory Report. Scott Varilek of Kooima Kooima Varilek has details.

Grain and livestock traded 2-sided with end of the month positioning, profit taking & spread unwinding. However, corn & soybeans failed to take out chart resistance. Oliver Sloup, Blue Line Futures has analysis.

Vilsack said USDA believes there are more options for farmers other than “get big or get out. There’s got to be a system in which the many and most have a fair shot.”

Grains see corrective buying end of month, hit resistance, plus risk off in outside markets. Profit taking in LC after new contract highs, while hogs continue their recovery. Rich Nelson of Allendale has more.

AgDay TV Markets Now: Matt Bennett of AgMarket.Net talks about the SA weather rally in soybeans and meal and if those markets can move higher? Plus, live cattle hit contract highs on higher cash.

Expected large Brazilian corn exports to China in 2023 are worrying Brazil’s meat companies, according to a statement from Santa Catarina’s meat processors lobby Sindicarne.