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AgDay TV Markets Now: Chip Nellinger, Blue Reef Agri-Marketing, says ag markets hit again by risk off in outside markets, except wheat gets a boost with China biz.

Chinese exports to the Group of Seven (G7) industrial nations have seen a notable 7% decrease between March 2022 and August of this year, according to Geneva-based Trade Data Monitor.

Another risk off day in outside markets hurt ag markets, plus harvest pressure and low river levels weighed on soybeans. Wheat held gains on China export biz. Chip Nellinger, Blue Reef Agri-Marketing has more.

Jon Scheve discusses how likely corn will rally and walks through 5 considerations when deciding between storing corn or soybeans at harvest if storage is limited.

Mostly lower markets with lower equity markets on macroeconomic concerns. Cattle take out chart support in the process. Wheat is the exception with China SRW export biz. Kent Beadle, Paradigm Futures has more.

U.S. processors crushed 169.0 million bu. of soybeans during August, according to USDA, which was 2.6 million bu. less than the average pre-report estimate.

“It’s likely managing a slimmer margin in production agriculture will be closer to the 1980s than the 2010s.”

Its first harvester was for strawberries, and last year it launched the apple harvester for use in Washington.

Markets lower except wheat with profit taking and fading China soybean and SRW biz. Cattle are at critical support, so will it hold? And has corn put in its harvest low? Brad Kooima of Kooima Kooima Varilek has more.

Nearly a quarter of corn and soybeans have been harvested for 2023.