The Final Bell

3/27/23 *Good start to the week on the cattle *Feeders & live came out of nowhere today *Could see some mixed cattle on Tuesday *How will cash move? *Hogs looked better on the charts *Bank issue continues *Planting intentions report due out on Friday *Export Sales Report on Thursday *H&P on Thursday *Jobs Report on Thursday

3-24-23  One of the first positive days in weeks for grains  Some random movement brought the green  Corn & wheat moving together  Soybean meal negativity was pulling everyone down early week  Russia talks of buying surplus wheat  No longer Chicken Little sky falling feel  China buying  Who has the old crop to sell?

3-23-23  Higher wheat markets at all three exchanges  Corn & beans struggle once again  From a fundamental standpoint-corn is bullish  China still buying  Do elevators own any corn?  Funds bailing on the hogs  Inflation talks  Some meat demand concerns

3-22-23  Breaking the dollar with Fed decision  Not a lot of weight on the grain markets with decision  Crude oil stayed firm  What is the current market environment  How did corn go against the tide?  Dollar weaker  Lower Argentina estimates  China & Russia talks  Were livestock nervous ahead of feds?

3-21-23 Tuesday the market is volatile with commodity market catching it's fair share of volatility. The biggest concern of the market is what will the Federal Reserve say on Wednesday when it likely raises interest rates again. Darren Fessler with Lake Front Futures and options shares his thoughts on what the Fed. Along with why fundamentals like North American weather may soon start playing a fa...

3-20-23  Another drop in the trade  Saw some bouncing back off the lows  Crude has turned around  Marketing into ‘23  Planting intensions report  Cattle reacting to the COF report?

3-17-23  Soybean & meals finally rolled over  Funds have no length in corn & short in wheat  COT report  Feds/Banking won’t fix the market  Fed meetings next week  Early planting intention numbers are starting to be released  China hungry for U.S. corn  Struggle this week in the cattle market-its toppy  Cattle look weak & are moving lower  Hogs have gotten smacked this week  ASF & China

3-16-23 • Big macro risk off with the banks • How many more will go under • China back 3rd time buying grain • Will Brazil export pace on beans pick up • Lack of news for wheat? • Are we short supplied on cattle?

3-15-23 • Economy and bank failures • Can’t ignore the issue • Closely watching Wall Street • Fed Reserve meeting next week • How does this all effect the farmer bottom line? • AFS resurging in China? • Production estimates fall in Argentina • China buying corn

3-14-23 • Uncertainty in the trade • Monday gut check flows into Tuesday • Is the bull run over? • Trading the money flow • Waiting on the cash • World of banking-causing any nervousness? • Hogs dropping once again • Cash for the hogs-is a better market coming? • Stock action • Spread action higher on the corn • We don’t make any more old crop

3-13-23 - initial weakness in grains - low volume Monday - changes in weather forecasts - bank failures and Black Sea corridors - livestock charts edging a downtrend - cattle on feed perspective for Friday

3-10-22 • Wheat came off the lows • Corn higher • Commodity Classic • ’13 corn compared to ‘23 • Changing balance sheet • Trade a bullish story • How low could corn go? • Hogs saw some buying-is there a low coming? • Boxed beef backing off a bit

3-9-23 • Ugly wheat trade • What is a reasonable time frame for a low in corn & beans? • Weather pattern changes…now what? • Russia/Ukraine grain deal • Feeders not reacting to down day in corn

3-8-23 Market conversation after the WASDE report. Payne highlights how the cattle and hog crush were impacted by the grain movement following the WASDE report. Payne also takes a dive into where interest rates are headed and what that means for all segments of the ag supply chain.

3-7-23 • Federal Reserve Testimony • Lower grains • Soybean market down double digits • Sharply higher dollar tied back to the feds • To many challenges to funds holding large positions • Brazil & Argentina expectations • LaNina is dead what does that latest models show? • Could it be 2019 all over again with snowpack in the Dakotas? • China adds pressure to the U.S.

3-6-23 *Corn stumbles *Bean strength on meal *Wheat has been on a rollercoaster slide *Cattle strength - protection options abound *Preview for the rest of the month, WASDE and Plantings report

3-3-23 *How do the corn and soybean markets compare to week ago? *How did the USDA Outlook numbers released last week look to you? *What does the Brazilian corn and soybean crops look like? *How are the Argentine corn and soybean crops doing? *Do you think we have found a bottom in the corn and soybean markets? *What would it take for May corn to get back to 6.80 and may soybeans to get back to 15...

3-2-23 • Soybeans rally back from the Tuesday down day • Corn tried to rally but gave up • Market is caught between the 616 & resistance at 640 • Wheat dead cat bounce? • Nothing really exciting in the market • Argentine crop getting smaller • Reminder-Brazil is a huge country-easy to forget • Planting delays due to wet • Cattle patient waiting on cash

3-1-23 • Grain sell off • EPA & E15 • Brazil beans are great but really wet • Late second crop corn • US exports slowing down • Wheat warm up • Feeder cattle see a rally

2-28-23 • Another down day in the grain markets • Acre switch • Is wheat pulling corn down? • Cattle take advantage of lower corn

2-27-23 • Timing with rain is the most critical thing • Some talk of China and canceling beans out of Argentina • Will we see a grain bottom • Crop insurance prices • Quiet export inspections • Wheat still struggles lower • Feeder cattle take advantage of lower corn • COF Report • Cattle saw a mixed market • Hogs back lower again

2-24-23 • Consumption & equities for cattle • How patient can we be waiting on cash? • Huge drop in wheat • China/Russia deal • 2023 lows • Anniversary of Russia/Ukraine war

2-23-23 • Cattle complex goes higher • Markets turning friendly • Tech areas on corn • BSE/Brazil • Keep the top side open on the cattle? • Higher hogs

2-22-23 Technical fall-out on grains - FOMC minutes - hawkish tones continue - Beans strong, wheat weak, corn yawns.... - Political tensions - Russia/Ukraine anniversary and China's essay on the US

2-21-22 *How do the markets feel to you today? *What is the main driver of the strength in Soybeans today? *How is soybean demand looking? *What does the corn demand look like? *How are the corn and soybean crops progressing in South America? *Do you think this is an area to be making new crop sales?