The Final Bell

9-27-23  Macroeconomics on the trade  Friday’s stocks report  Brazil & early planting progress  Where is China getting beans?  Protein said of the trade is struggling

9-26-23  Lack of news in the grains  Market trades on auto pilot  Gov’t shutdown possibility  Shipping crops  Ethanol margins-dealing with glass ceiling  Cattle market but what could be the why?  Outside dollar pressure  Consumer demand

9-25-23  Grains turned around from lower overnight trade  Mississippi River & salt water  Basis quiet during harvest?  Quiet trade  Wheat trying to work out a bottom  South American Weather  Movement of the beef market

9-22-23 • Technical on corn & beans • Harvest management • Fundamentals on corn & beans • China & beans • Export concerns heading into harvest

9-21-23  Risk off across the board  Even energy coming off highs  Soft markets so some positives  What’s up next on the economic front?  FEDS comments yesterday having any effect today?  Feeder cattle market at an important technical level  Some support from July/August contract highs

9-20-23  FEDs statement  Speed of crop maturity  Is there questioning of the crop size  Seed size  Tuesday was not a good technical day for cattle  Reversal on Wednesday?

9-19-23  Soybeans still struggling  Corn harvest pressure  Crop progress  Water concerns on the Mississippi  Cattle still trading lower after last week

9-18-23  Lower Monday trade  Harvest pressure-early numbers might not be so bad  Cattle selling off  Oats limit down  Hight volume for oats  Oat corn spread  Wheat lower helped drag corn  Beans didn’t look all that good

9-15-23  Ukraine Russia wheat planting weather  UAW strike  Expectations for South American growing season  Bean size  Dairy has found a happy new home  Higher cattle trade

9-14-23 *Cattle market saw highs in the cattle/feeders *Is this a good time to look at filling the feedlot? *Livestock looking at 2017 & 2023 *WASDE still being talked about *Do you sell grain or store after harvest?

9-13-23 *Markets still reacting to WASDE numbers *Trade talks export opportunities *Global pressure *Is now the time to increase cattle in the feedlot?

9-12-23 *Breakdown of the WASDE *Bean quality in the U.S. vs. Brazil

9-11-23  Food scarcity is going to get tight again  The pressure in the Black Sea Region will continue to grow  Production concerns in South East Asia  Planting delays for Brazil?  USDA report out tomorrow mid-day  Cattle market turning up?  Cattle bullish long term?

9-8-23  Harvest pressure  Weather dry down  Tuesday crop report  Is it a wait till January numbers?  Combines need to tell the story  Lack of demand for the crop  Low rivers  Ethanol boost  Higher cash cattle

9-7-23 Strong livestock day Open interest came in yesterday & proved today Never sell a sleeping market Higher sale prices at the barns for cattle Waiting for cash Getting closer to heifer retention? New feeder contract hogs Higher Thursday hogs Desire out there to hear some yield numbers & see trading to correlate Bulls talking heat weighing in on the heat camp Argue yield until January

9-6-23  Crop ratings  How is the crop finishing & its impact  Wheat has some support in the trade  Heavy rains in southern Brazil-has some wheat attachments  Export programs for corn & soybeans  Weight options on cattle and hogs is movement early & the heat

9-5-23  Are we going to start seeing harvest pressure?  Talk of early harvest-but is crop ready?  Softer exports  Crude oil  Mixed livestock trade

9-1-23 -End of the week market sentiment and trader mentality -Heat stress on corn and soybeans -Technical market picture for corn and soybeans -Technical picture of the cattle market -Use of options in a choppy market like cattle

8-31-23  Dec 13 corn vs Dec 23 corn  Tracking of beans very similar  What does this mean coming out of Labor Day?  Component of industry that focus on condition of crop  Water on the Mississippi & Panama Canal  Does this mean PNW shipping option

8-30-23  Delivers posted  Boxed beef stepping back?  Weights are higher  Tech picture  Southern cash vs. northern  Weather is still a talking point-but are we done with it?  Export numbers  Trade  Brazil & exports

8-29-23  Crop rating dropping more than anticipated  Stocks rally  New lows in wheat  South America  Chinese demand  China still buying from Brazil  Mixed livestock with lower grains

8-28-23 *What did you think of the Profarmer numbers? *How does Profarmer numbers normally compare to final numbers? *What are some of your most important take aways from the Profarmer Crop Tour? *What factors will the market focus on going forward?

8-25-23  Crop conditions  China  Ethanol trade & crop concerns?  Cattle-how long can they hold out on cash?  Higher boxed beef

8-24-23  Cattle had a nice day  Heat stress both livestock & crops  Heat & outside markets hitting the corn  Dollar holding on to multi year highs  Bean fundamentals  “Oats knows”  Wheat struggles due to Black Sea Region  Pro Farmer tour-

8-23-23  China booking beans  Drop in the dollar  Crop tour underway-tour routes  Corn demand story  Outlook for South American growing season  Black Sea region heating up again