The Final Bell

6-8-20

Funds are liquidating during the day trade after liquidating overnight. Buy corn/sell beans is the feel. Weather is the market right. No major signs of drought in the Midwest. Crop progress info out later this afternoon. Southwest Kansas dry but not drought dry. Brazil should be releasing final bean & corn estimates. Shouldn’t be a surprise to see a large number of soybeans & unchanged on the corn. S&D Report comes out on Thursday. Not a lot of replant going on across the U.S. we need the problems to adjust the markets, but we must live in reality. Ethanol margins remain stable.

6-5-20

Corn & Beans finish the week to the positive. Ethanol market remains stable on the week. Wheat has seen the struggles this week. Outside market influences continue to keep hold of the trade. China has our emotions on a string. Boxed beef drops…needs to, to be able to move product. Normally we are talking grilling, a result of boxed beef prices. June hog contract sets the tone for the trade. Export side…China purchasing more hogs.

6-4-20

Higher grains wrap up a Thursday trade. Ethanol margins continue to stabilize while warmer drier weather is starting to factor into the trade. Export sales for the week considered "ok" and the dollar trades lower again. A look at the basis in the country and all the dicamba talk surround the ag industry today.

6/3/20

Markets are trying to push positive. Data is starting to show the economy is bouncing back. More gas purchases. A rebound started in the month of May. Dollar is going down, selling treasuring. All supporting the commodities. NASDAQ is within 1 ½ % of high. Dow Jones up roughly 40% of where it was in March. Exception to all of this is corn as it seems to get shorted. More buying by China of beans. Weather pattern & what we are seeing moving forward. Livestock: Product prices are in a free fall. Price fixing in the poultry industry-how did that effect the livestock markets today?

China/trade/talk is it all getting brushed to the sidelines? Are we becoming numb to the talk? Any surprise from the crop progress report of Monday night? Beans saw some technical movement. Corn has been dead in the water. Wheat market is under some harvest pressure. Why flip the screen…cattle markets go limit down, what is going on in the cattle complex? Boxed beef is starting to fall like a rock. Is there any weight concerns for cattle or hogs? Storm Lake IA pork plant closed due to COVID-19. Outlook for Hogs & Pigs report. How did hogs react to the China talk?

6-1-20

Warmer weather moving in to the Midwest. Lower corn & wheat mixed beans. Ethanol margins remain stable. How much will China and latest ag import halts effect the trade? Does China want more soybeans? Is there worries about Phase One moving forward? How will South America factor in? Marketing year export inspections falling short, no surprise. Any surprises expected in the crop condition reports this afternoon? Is there replanting going on in the eastern corn belt? China is talking of pork cancellations…that will hurt the industry even harder. What will be the incentive to turn the cattle & hog markets around?

Highlight of the day was the wheat market…crop doesn’t look good & the market is finally responded to it. EU wheat isn’t good, U.S. wheat has some struggles. Tension once again with China. Shifting away from planting & focus goes to weather & plant growth. Rains of the past few days will help out the crops with upcoming heat. Bean exports were small, but to China.

How does the corn and soybean markets look to you this time?

Are the funds playing much of an impact in the corn and soybean markets at this time? How is the demand for corn in the ethanol industry looking? What does feed demand look like to you?

How are corn exports looking? Why is China buying soybeans from Brazil when our soybeans are cheaper? Do you think we have seen a bottom in the corn market? If you have old crop and new crop corn, would you sell here?

Getting a lot of questions about Hong Kong and the assessment & what will happen from that assessment. Will it affect Phase One? Brazil corn on what is being heard. Acre numbers & prevent plant…recent crop progress numbers, no big surprise. Are there some weather worries? Black Sea update with rains & damage. Livestock-where are we at on processing capacity? June cattle moves about the 100-day moving average for the first time in 4 months.

No news was good news from the weekend. No trade issues popping up. Some shorts in the market & not a lot of willing sellers. Scattered rain showers will slow some but welcome rain for others. Some solid weekly exports for the corn but soft for the soybeans. Ethanol…could we be getting back to a new norm with summer driving & ethanol exports could be the wild card? Easier to buy then it was to sell on the livestock. How are numbers from the COF report? Slaughter numbers moving forward. Sam talks about the reason for higher hogs today.