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Beans up on wx & exports, corn tries to follow despite lower wheat. Cattle look tired, while hogs try to bounce. Global economic news a concern for commodities. Mike Zuzulo, Global Commodity Analytics has more.

AgDay TV Markets Now: Mike Minor, Professional Ag Marketing says the corn and bean market are trying to determine yield making crop tours more important this year.

Jon Scheve discusses last week’s USDA report and how corn carryout and demand could be an issue. Plus, he explains his corn basis strategy for last year’s crop.

Brazilian food and fuel processor Caramuru Alimentos, one of the country’s largest grain crushers, has started selling soybean-based ethanol at one of its plants in center-western Brazil.

On July 28, the FDIC announced the closing of four-branch Heartland Tri-State Bank headquartered in the southwest Kansas town of Elkhart.

The letter also mentions a lawsuit filed by the Attorney Generals of Iowa and Nebraska to compel EPA to finalize its action within the designated time frame, which is currently well past due.

AgDay TV Markets Now: Allison Thompson, The Money Farm, says risk off selling, better crop ratings hit grains with Dec corn closing below the July low and at 2020 levels.

“These tax credits, which encourage the use of more eco-friendly fuels, could make or break the prospects of corn ethanol as a sustainable aviation fuel,” says Jim Wiesemeyer, ProFarmer policy analyst.

Drought is impacting operations along the Panama Canal, one of the largest shipping channels in the world, with restrictions now placed on both the number of ships, as well as the amount of cargo they can carry.