The Final Bell

8-24-22 Crop Tour General price action Basis pricing Harvest pressure China grain purchases

8-23-22 *Movement in grains, led today by Soybeans *Pro Farmer Crop tour attention *Weather for finishing crops *Livestock - reaction to Cattle on Feed *Impact to Marketing plan *Keys for trade the rest of this week

8-19-22 • Weather continues to be an issue • How do we finish up the crop-not a weather market • Pro Farmer tour next week • Stock market, macro indicators • Outside market factors • Harvest just around the corner • Black Sea region update • Natural gas prices • Dry down concerns with fuel prices

8-18-22 • Wheat has been catching some selling • Corn & beans-weather issues • China having weather issues • South American planting plans? • Current export trades • Basis going into fall • Cattle see a Thursday cash trade • Drop in the hog trade

8-17-22 • Severe drought in parts of China • Should we be watching the EU weather • Ukraine update • U.S. weather pattern from an agronomist • South American weather with La Nina • Decline in corn & milo production over last year

8-16-22 • Dry weather effecting the crops • Early harvest? • Drop in beans • China weak economic indicators • Paper positions with grains • Turn around in the cattle • Are hog supplies thin?

8-15-22 • Outside market influences on the trade for grains • Lower market trade • Your backyard is not the market • Manage what you can in this trade • Livestock had a down day as well • Cattle has had a good run

8-12-22 *How did the crop report look for corn and soybeans? *How was the yield determined on corn and soybeans? *Are there any particular state yields that surprised you? *What do you think yields will do going forward? * How did the world numbers look to you? * What do you think we will see for world adjustments going forward?

8-11-22 • Weather heating up-brings crop concerns • Need to check more than from roads • Cattle on the cash side finally coming to work • Can cash hold or will it move higher • Spike in commodities after midterm elections • WASDE • Basis

8-10-22 - Inflation data and a week USD impact on grains - Soybean reversal mid-session - Strength in wheat - World Weather - the weak USD and impact on Livestock futures

8-9-22 • Weather issues • Season of yield guesses • DTN Yield tour estimates • WASDE • Ships leaving Ukraine-corn isn’t good • Crop conditions vary across the Midwest • Some buying on the exports • Basis talk in the country

8-5-22 • Jobs report was positive-but is that a review mirror • Weather issues still brewing • Production potential taking over the markets • Moving to more of an inside trade • Europe weather issues • South American crop already priced in • Chinese demand becoming old news • What’s coming up in the markets for China? • Dairy update

8-4-22 China buying US beans Cheapest beans right now in the world Will basis be strong west of the Missouri River the next 14 months? Size of the crops WCB ECB Weather models Jobs report out on Friday Weekend pressure on the trade for Sunday night into Monday Feedstocks ever change-is Darren friendly?

8-3-22 • Way to warm overnight for corn • Weather pattern & its effects on the crops • StoneX Customer survey yield estimates for August • Grain movement out of Ukraine • Protein sector seeing shift in product demand • China suspended trade with Taiwan

8-2-22 • Taiwan and China • Protentional chart targets • Heating oil charts • South American Post Harvest • Outside market influences • Risk on feeder cattle • Country basis

8-1-22 • China, Taiwan & the U.S. • Ukraine moves grain • Brazil’s record corn crop • Exports? • Weather concerns • Weather & cattle • Higher boxed beef

7-29-22 July-did it tell us anything? Weather concerns Ukraine & grain movement Acreage report concerns? Livestock finish the week with green Cattle traded lower most of the week Bellies see some good trade this week North/South Discounts

7-28-22 *How would you describe the corn and soybean markets at this time? *What amount of the corn and soybean production is too dry? *What do you think the national yield is doing on corn and soybeans? *How is the ethanol demand holding up? *Is the corn and soybean export demand doing okay? * How does the weather forecast looks? *What happens if the weather forecast changes?

7-27-22 • Fed day on Wallstreet • Ukraine moving forward • China COVID numbers • Weather • Aborted kernels

7-26-22 • Have had a recent negative feel to the trade until recently • Is the bounce that can have some stamina? • Beans close above the 200-day moving average • Weather • Is wheat along for the ride? • Friendly picture for cattle

7-25-22 • Grains are up • Price action where do we go from here • Ukraine/Russia trade deals • Sharp reversal in the dollar • Weekly exports • COF Inventory reports of Friday • Is there some pushback for the livestock?

7-22-22 *How the market is shaping up with Fed meeting coming up *Weather game underway *COF *Ukraine & grain *Need to feed the bull for cattle

7-21-22 • Grains took a drop today • Weather once again • Corn trying to hold a double bottom low • Stronger dollar • Did we ration demand on the crops? • Export movement • How is food demand?

7-20-22 Beef is the highest it’s been since Nov 30 Huge kill last week However, supply imbalance in the south COF & Inventory report out on Friday Hogs have a huge gap Grains betting on the weather

7-19-22 • Weather • Strong dollar • Weekly Crop Progress report • Ethanol margins-how is driving demand effecting • Basis in the country • Feeder cattle push higher • Strong hog export market