11-24-21 • Big sell off in wheat • Surge in the cash cattle prices • Strong dollar-Euro collapsing-what’s going on? • Crops in South America-outlook for December is dryer • Corn trying to protect its acreage for next year
11-23-21 • Holiday week has set in • Funds position • Ethanol margins-strong • Light selling out of South America • Heavy rains in Australia & Canada • LA Nina is around but not a story maker yet • Poor exports • Cattle continue to climb • Hogs
11-22-21 • Global weather more sensitive to the trade • Export inspections • Blender margins • Crop progress report info is slowing down • Holiday week • Friday’s Cattle on feed pretty neutral • Will cash continue to grow strong? • Demand for product-getting to $$? • Should we be worried about a weaker cash hog market?
11-19-21 *How did the corn and soybean markets perform for the week? *What does the ethanol margins and corn demand for ethanol look like? *How are soybean crush margins and soybean crush doing? *What does the corn exports look like? *How does the soybean exports look? *How is South American weather looking? *What do you think happens to corn and soybean basis levels down the road?
11-17-21 • Soybean breakout • What was going on with corn • How or if was wheat different • Soybean demand and hog demand in China • They buying grain sorghum • South America • Cattle losing some energy
11-11-21 • Soybean growth in South America • Beans blew up to the upside • Ethanol margins are huge • WASDE didn’t give us anything new • Some profitability still there on corn • Numbers on cattle will continue to tighten • Hogs-what’s going on with their cash?
11-10-21 *Disconnect between cash cattle optimism and cattle futures apathy *Attitude in the hogs seems to be turning positive *Grain traders further digest WASDE *Wheat leads corn higher *Inflation influences
11-8-21 • Report is out tomorrow • Summarizing since October report • Pre-report estimates • Will we have extra bean acres in ’22? • Outside market includes including silver • Can cattle continue to be in the driver’s seat?
11-3-21 • Fed statement ahead brought a broad selloff • COVID in China causing some concerns • South American Weather • StoneX latest customer production survey • Stumble of earlier this week with feeder cattle
11-1-21 • Cattle feeders saw some sizeable volume • How does that set the tone for the week? • Can we push the cash market higher this week? • How does the feel of last week vs. this week? • Gas is taking a jump, shipping issues will this mean a pull back at the meat counter • Higher corn on a Monday
10-28-21 • Midwest weather & wind • Biggest surprise in the trade was the wheat market • Barge freight rates • Soybean’s struggle • Any basis issues? • New monthly low in the dollar • Cattle waiting on more trade • Hogs look at stronger export trade
10-27-21 • Feedlot dares to pass a bid • 126-127 on the bids • Are we getting leverage back on the cattle? • We need to watch the slaughter numbers • Finally moving past all the tech issues at the plants • Boxed beef going higher • Very low open interest • Hogs suffering a lack of perfect demand • Grains see corn have a big day • Wheat is high • Oats continue to move higher • Inflationary movers • Took out 100 day moving average • Friendly corn vs. beans • South America’s crop
10-26-21 *Overall trend in the markets *Are we in a downward trend? *Do you hold corn/beans going into the new year? *Any weather concerns? *Export buying? *Was wheat frustrating for you? *Lack of demand bring heavy weight hogs *ASF & Russia *Big surprises still talked about from placement numbers *50-day moving average for cattle