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USDA forecasts net farm income will decline $41.7 billion (22.8%) from last year’s record to $141.3 billion in 2023, though that’s up from its February outlook of $136.9 billion.

Grains slide on end of month, pre-holiday squaring w/a hint of rain in the forecast. Cattle recovered w/steady southern cash at $179, while hogs followed lower cash. Chip Nellinger, Blue Reef Agri-Marketing has more.

Soybeans lower, corn 2-sided and wheat mixed with month end, pre-holiday profit taking and positioning. Cattle and hogs have traded 2-sided on month end squaring too. DuWayne Bosse, Bolt Marketing, has more.

Even with red flags with demand and the economy, the August Ag Economists’ Monthly Monitor shows economists continue to be impressed with the staying power of the U.S. ag economy, as well as the U.S. economy as a whole.

Grains slide on weather, technical and commercial selling and poor demand. Cattle and hogs and even the dollar index continue choppy and sideways. Darin Newsom, Barchart Sr. Market Analyst has details.

AgDay TV Markets Now: Darren Frye says soybeans pull back on end of month profit taking and slight change in the forecast, corn follows and sees more technical selling.

Corn and beans were weaker while wheat stole the show. Market Strategist, Matt Bresnahan has today’s recap and the weekly 2-Minute Drill.

Indonesian state energy company Pertamina plans to mix more of its gasoline products with ethanol in 2024 in a bid to offer alternative fuels to the public, its chief executive said.