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The oilseed crop offers farmers the opportunity to grow three crops in two years. It can be used for sustainable aviation fuel, renewable diesel and animal feed production.

AgDay TV Markets Now: Chip Nellinger, Blue Reef Agri-Marketing says grains end lower on end of month technical selling and weather

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.