6-11-21 • Rain that moved into Iowa • RFS from the Biden Administration-caught market off guard • Day after WASDE report • Winter Wheat movement • Spring wheat will be the leader • Cattle saw a big moves • Feeders reacting to lower corn
6-10-21 • USDA Report • Big move in old crop beans • Crush numbers…are the beans there • Imports for beans- 20 million have yet to be imported • Aggressive reaction to the report hit the beans • Marketing in a weather-related market • Is the hog market going to hit highs of 2014?
6-7-21 • Warm temps-crop development • Strong ethanol margins, RIN value hot • Strong global demand • Brazil to China…huge exports of beans out of S.A. • Demand market with a weather component • Winter wheat took the lead overnight • Employment at the packer • Demand for beef for huge • Hogs have been on fire • Packers making, boxed beef & what producer is getting • Long term in the cattle industry
6-4-21 • JBS Cyberattack • Cash market continues to limp along • Oversupply of cattle in Kansas & Texas • Demand is nothing short of outstanding • Customer wants to buy • Hogs are running on fumes • Blend of technical • Influence on the negative-building in the weather • Basis softening on the corn • Could see a run at the old highs for corn • Soybeans getting a head & shoulder feel
6-3-21 *How does the condition of the corn crop compare to past years? *Is the market concerned with the current weather conditions? *What are the main factors impacting this market at this time? *How does a weather market develop? *What stage in the weather market are we currently? *How is export demand holding up? *Is ethanol demand for corn doing okay?
5-27-21 • Nice turn around in the grain markets • No real weather issues…so what does that mean for summer? • Volatility continues in the trade • No cancelations from China • Volume wasn’t as good as it was on Wednesday • Heading into a holiday weekend • Grain basis • Weekly exports numbers • Don’t change your thought process with these markets • What do we need for BPA in corn & beans?
5-26-21 • Eb & flow continues as we try to find value • China buying/looking rumors • Trading technical, need to look at long term fundamentals • Anticipated size of the U.S. crop • Grain purchases for China with ASF
5-25-21 • Just remember markets can go higher & lower than people think • Could we price in a big acreage number? • Weather market, but as we see it can rain in drought areas • What are the charts telling us? • Trading bearish-how long will it last? • Is there a chance to ride this out? • China tone with commodity prices • Secondary run in the markets? • Could we have seen the highs for the marketing year? • Bean market struggle bus
5-24-21 Big break in the markets · Normal process of marketing’s in May for the bears · Tight supplies-does that worry you? · Ethanol margins improve slightly · End of the bull market has been over exaggerated · China purchases last week-what does the actions say? · Don’t rush to the exit to soon · After May Gov’t is moving away from buying dairy · Good time for livestock guys to get some good feed prices · Lower prices for cash cattle?
5-20-21 *What are the items that the market is the most concerned about? *Is the market still concerned about Brazilian corn? *Who will supply the corn that Brazil is short? *Are our export inspections doing okay? *How are exports sales doing? *Why is China buying so much corn? *Is the corn demand for ethanol holding up okay? *What do you think corn basis levels will do going forward? *Why has the soybean basis dropped so much lately?
5-19-21 *Everything is selling but the proteins *What is going on in the fundamentals? *Wheat tour is underway in KS *China buying are they done? *Brazil crop getting smaller *Feeder cattle & corn prices *Cow herd liquidation
5-13-21 • The writing on the wall with how Monday corn traded • Selling the ag off is underway • WASDE didn’t have anything in there we weren’t looking for • Outside market trade • We did see corn & cattle rally off the day’s lows • Extreme difficult market to be a part of. • I-40 bridge closure