The Final Bell

12-16-21 • Demand shift from China • Bullish tone changes in the markets • Production & Demand vs. inflationary concerns • Finally, a market move we all can understand • Improved outlook on China can we fit the picture? • Weather has not improved • Blowout from the winds in wheat country

12-15-21 • Sharply lower wheat prices • Wind damage to the winter wheat market • Cash market is red hot but futures are not for wheat • Corn market trading sideways-upward bias • Fed meeting wrapping up today • Some rate hikes could be coming our way • Cash cattle down a couple more dollars • Chain speeds are slowing-packers in no hurry to buy

12-14-21 • Beans have turned positive • On breaks you get demand • All eyes are on South American weather • Fertilizer costs-what type of issues in South America? • Stumble in the cattle market

12-13-21 *Weather *Wheat trade *Corn & beans are they ready for 2021 to be over? *Holiday trade *Will cash cattle still be lower?

12-10-21 • Recap of the WASDE report-looking towards Jan report • Holiday trade is already setting in • Wheat has first bearish wheat report in awhile • Domestic demand for cotton & wool will be a good thing for ag • Dollar trade going into next week

12-9-21 • WASDE Report came out today • China reversed inflationary bias • Livestock sales • Are we pricing ourselves out of the meat counter sales?

12-7-21 *Market got wind of EPA numbers for mandates *Russia & Ukraine *New COVID variant not as bad *China/Trade/Olympics *Weather in South America *China & Phase 1

12-6-21 *Weather in South America & areas of the U.S. *Corn pencils better into '22 *Beans-China buys *Wheat finishes unchanged *Oil up $3 *Can cash cattle hold this week?

12-3-21 * How did the corn and soybean markets perform for the week? *Why did the corn spread between December and March do down so much this week? *How is ethanol production doing? *What does the corn exports look like? *How does the soybean exports look? *What does South American weather look like? *Are corn and soybean production numbers changing much out of South America? *Is corn and soybeans...

12-2-21 • OPEC • COVID variant • Economy • Cattle market has been resilient on the trade • Do we have supplies still out there? • Some contract highs-but there is a however • Manage money- • Cash Market can it rally • Retail meats is not cheap • How are we on year-to-date numbers on beef

12-1-21 • COVID • US National Debt • COVID & the White House with funding • We have changed how we analyze the markets • Brazil updated production estimates • Weather in South America • What is some of the biggest driving factors with the past couple of days?

11-30-21 • Another drop in the trade • What is going on with the trade? • Its not just the corn & beans that are struggling • How do we move forward? • Inventory squared away heading into ‘22

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