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AgDay TV Markets Now: DuWayne Bosse, Bolt Marketing, says soybeans put in Brazil weather premium but end off highs hitting resistance, corn is a follower.

China’s National Energy Administration (NEA) has outlined plans for a series of demonstration or pilot projects aimed at boosting domestic biodiesel production.

Grains up with soybeans adding Brazil wx premium, corn follows and wheat saw corrective buying. Cattle see long funds selling on any strength, while hogs fall. DuWayne Bosse, Bolt Marketing, joins us from the tractor.

Fields in central Brazil are baking in high temperatures and low levels of moisture. One meterologist says farmers there are now questioning whether they will plant their second corn crop, the so-called safrinha crop.

When a Tennessee farming family decided to build a small rice mill, they triggered a suburban uproar and social media war.

The agency says exports picked up steam this year in countries such as Canada, India and Japan and that the new Regional Agricultural Promotion Program will keep the wheels of progress turning in 2024.

According to USDA’s crop progress report, 93% of corn has been harvested so far – an increase 5% from this time last week.

Farm income is expected to drop notably from last year alongside lower revenues and higher expenses, but remain well above the historic average.

Grains still higher but row crops off session highs w/some profit taking after running into chart resistance, but still supported by Brazil weather. Cattle see fund selling. Allison Thompson, The Money Farm, has more.

Soybeans lead the grains mostly higher with technical buying and putting in Brazil weather premium. Cattle fall with higher feed prices and fund liquidation. Randy Martinson, Martinson Ag, has more.