The Final Bell

11-29-21 Virus and worries Wheat took it hard Tough day all across the trade South American weather Is there a reverse in the cattle market?

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?

11-18-21 • Pull back on the markets • Export sales-what about China? • Meat counter prices • COF report of tomorrow

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

11-15-21 • Beans • Meal • Corn struggles • Dollar bull • South America crop • Cash Cattle excitement could continue

11-12-21 • Corn and bean action • Soybean meal explodes did that help beans? • Is there any nervous trade from the feeder cattle? • Export numbers delayed a day due to holiday • December basis

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?

11-5-21 *Soybean market struggles during the week *Corn & wheat follow beans lower *Cattle producers in the drivers seat on bids

11-4-21 • Beans had some struggles • Corn • Wheat • Dollar • Fertilizer run • Cattle trade • June hogs of next year

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

11-2-21 • Many didn’t see the rally coming • How do we take advantage of prices? • Is South American pressure on our markets? • Elevator talks • Hogs had some bad cash news • $7 swing in 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

10-29-21 *Oats wheat on fire *Corn ramping up *What about the beans? Will they ramp up? *China & trade *Bullish fundamentals in cattle & hogs-have the hogs bottomed *High grain no hay-now what?

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 •...

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

10-25-21 *What did you think of the market action today? *Were you surprised by corn being unchanged today with soybeans and wheat being higher? *How did the export shipments for corn and soybeans look to you today? *Do you think corn and soybean shipments will pick up? *What do you think corn and soybean harvest progress will be like in this afternoon’s report? *How is planting and weather in Sou...

10-15-21 • Long term WASDE didn’t chance the market outlook • Soybean crush numbers • Closing bean numbers for the week • LaNina and effects on the markets • Harvest activity • Planting activity in Brazil • Funds and their positions

10-14-21 • Markets still digesting the report • How much demand will affect the trade? • Growing crops in South America • Basis continues to rally • Improving ethanol margins • Marketing through harvest • Input costs for ‘22 • Triple digit gains in live & feeder cattle • Export market trade for livestock

10-13-21 - Commodity-wide sell-off in grains and livestock - Energies and Veg Oils - Inflation indicators and longer term impacts - Export capacity, containers, and freight rates - South America planting update - Cattle and Hogs caught in the slide today