The Final Bell

Another solid week on the cash cattle. Could there be a correction headed our way? Any holiday pressure that might work into. How are cattle weights. Holcomb KS plant to start back up this week. How do you think the market react? Funds are long. Some red flags popping up. Hogs…way to cheap but China is playing a role in that. 10% of corn crop still in the field. Basis in corn market. China on again off again. December 15th…will we see changes before then? Mixed grain markets.

Markets closed early on Friday for the Thanksgiving holiday. This year’s crop outcome-what will be harvested is about there-this could move the markets higher as reality sets in that all the crop won’t be out before 2020. How will this change the basis? Cash will win in the end. South American production-any issues heading into December. December 15th deadline looming with China-will they just continue to buy what they need? Corn exports saw some improvements this past week. Getting a final spike trade in the dairy industry. Still seeing some Chinese purchases for milk powder. Weeks snowstorms and upcoming weekend weather be of concern to the feeder cattle market?

Lower close headed into the holiday. Winter weather slows harvest once again & what are the implications. South American weather & crop update. Driest soybean in the past 4 decades but the crops look great. Trade talks, USMCA-8 days left on the schedule. If there is a will there is a way. China talks. Strong cash basis for corn & beans-some post-harvest feels. 124 million bushels of corn in NE…a lot more left as you head north. Exports tighten in Brazil. USDA put out a notice for export sales reporting of livestock. ASF.

How do the corn and soybean markets currently look?

Is the slow harvest pace having an impact on the markets?

Does the market care if a Trade deal is done with China

Do you think a trade deal with China will get done before the next round of Tariffs on December 15th?

What do you hear coming out of the BRICS meeting a couple of weeks ago in Brazil?

How does South American Weather look?

How does corn demand look?

How does soybean Demand look?

Where do you think the market goes from here?

Darin Fessler, Lakefront Futures and Options, dives into the grain trade with opening discussion on the current Chicago wheat bull. Then Fessler looks at how the recent Hong Kong elections may put pressure on China to work on the Phase One Trade Deal with the US. Fessler ends with a look at how USDA is currently calculating feed use in the US.

Lower corn & beans for a Friday. Pre-holiday works going on. Look at the basis in the country. Ethanol is making some profits. Dry down late harvest issues. Export markets for both grain & livestock. Feeder cattle lead the way lower. Boxes took a drop which didn’t help the market.

Corn continues to see slop progress in harvest with over 3 billion bushels still out. Beans have been in a difficult spot, many still question the USDA reports. Hong Kong-is this causing a slow down in getting a trade agreement in place. South America supplies are running small. Cattle futures see a lower trade & ASF spread & the market effects.

Hong Kong, Bill in the Senate…how does that effect China Trade. Talks 3 b corn is still in the field, South American weather helping the crops. USDA to continue crop progress reports into the near future. Spread of ASF continues in China & beyond. The need for food to feed those in China

Nice to have green on the screen even with bad trade news. Weekly crop progress report. Kansas Wheat condition. the corn market analysis going into next week & beyond. Lower U.S. dollar, Global plantings. Propane shortages continue with the need for harvest dry down. Thoughts of exports. Cattle is hitting some lofty levels. Holiday pressure begins.

P.J. Conradt, Tredas, talks a mixed grain market with wheat higher corn and soybeans lower. Conradt looks at how current supply demand fundamentals play into market action. Conradt also discusses how the current market may impact the 2020 growing season and farmers planting choices. Finally the conversation turns to what options are available to farmers in their marketing plan.