The Final Bell

4-22-21 • Limit up grain trade • How is the second crop going for South America…pressure on Brazil • Frozen wheat in KS • Ethanol/Bio-diesel both here in the U.S. & Brazil • Struggle continues on the livestock side of the trade

4-21-21 • Update on South America corn crop • Colder temps this past week • Red hot oil market • Alternative feed guidelines with China • How much is corn hitting the cattle market? • How much wheat is being feed as a feed source?

4-20-21 • Seasonal charts • Mixed risk on in the grains • 6 week lows were seen in the dollar • Should we be watching the Asian market closer? • Positioning in hogs & cattle • Should livestock be nervous on the grain prices?

4-19-21 • Soybeans saw some higher numbers • Beans is giving a good representation of what the long-term feel is for the market • Short term vs. long • Downtrend in the dollar • Some Senators trying to get ethanol into the infrastructure plan • Brazilian weather is the bigger picture then the cold in the Midwest right now • Rally in the hogs

4-16-21 • What is going on with the May beans • Recent weather models…has wheat factored in this yet? • Outside market influence • Crops in Brazil…what are you hearing on conditions for corn • Pretty dyer situation right now with weather…no normal flow right now • Will the crop be slowly reduced week by week? • Demand is good right now for corn, but the what if has to be factored in • Really bullish like a dog with flees… • Packer’s influence

4-15-21 • Bean planting underway • Worst week of exports we have seen in awhile • Is there a correction coming for grains? • Wheat has been a follow through • Weather in South America • Cash cattle starting to rebound • Cattle can it hold the correction? • Max demand time is upon us • Can feeders push for higher cash?

4-14-21 • Bigger than expected sell off • Some chart damage taking place • Is there a struggle in this cattle trade with strength in the beef market? • Some fund liquidation • Will cash continue to go higher? • What about packer margins? • Can we hope this is the low for the week? • Big basis flip taking place • Outside reversal in the hogs • Higher corn prices…double cropped corn in Brazil • Is China back in the markets? • Are some put options in our future? • Soybeans holding where they...

4-13-21 Safrina crop in Brazil Soybean harvest in South America ASF & its effects on U.S. & S.A. soybeans Dollar index Could outside markets bleed into the commodities, such as the Dow & COVID

4-12-21 • Tough day in the bean complex • Still coming off of Fridays report, $14.21 is a thorn for May beans • World running out of beans? • Bean planting is underway in some areas • Cattle not starting the week off on the right foot. • Might some lower cattle trade the next few days

4-9-21 How did the corn and soybean numbers look compared to what the market was expecting? What changes were on the US corn numbers? How did the US soybean supply and demand numbers change? Any Surprises on the South American production Numbers? Were there many adjustments in the world demand numbers? What do you think the WASDE report means for prices going forward? Now that the report is out of the way, what will the market focus on? What do you think happens to basis levels and futures...

4-7-21 Beans had a variety of factors working in to the trade today Meat demand that is solid packer margins cash cattle trade saw a $3 higher...is it strong demand & packers working at capacity

4-6-21 • Reaction over the past couple of days from last week’s info • No room for error…how much market pressure could that add? • USDA starts crop progress reports • Crop progress in Brazil • Could cattle be ready to breakout? • Meat movement across the counters • Cash cattle has seen a pickup

4-5-21 Nearby corn had a struggle into the negative Weather in South America Weekly Crop Progress Reports Livestock & Feed prices New Contract highs in cattle

4-2-21 Markets were closed on Good Friday...we take a look at the trade moving forward • Facts about the USDA report • Position yourself going ahead

4-1-21 • Beans gave back a chunk of yesterday’s gain • Markets will trade come Sunday night • Stocks • US/Brazil weather pattern

3-31-21 • USDA report brings limit up trade • Cash trade is a bit better • Boxed beef continues to be strong • Grain report had an effect on the cattle market

3-30-21 • Chance for cash corn to go below $5 • A lot of pressure ahead of tomorrows report • Dollar trade • Speculators liquidating for the first time since August • Dairy is in a good spot right now • Cattle & hogs need watching

3-29-21 • Beans drop again on a Monday • Positioning ahead of Wednesday reports • Zoom meeting, where is the market going…how do they move forward • Dollar trade & strength • Livestock looking at the grains

3-26-21 • Beans took a lower trip again • Good strong exports with China this week • US Dollar & the impact it’s having on the commodities • USDA Acreage report next Wednesday • Seasonality of the grain markets

3-25-21 • Beans had a drop on the trade • Overall, it was a bad close while wheat gets pounded • Chopper trade…we have seen this before • Some positioning going into next week’s report • Higher cash mid-week for cattle • Do cattle have more room to move? • What about the hogs?