The Final Bell

8-16-21 • Price action since the Thursday report • Are we seeing a pulling markets close? • Seeing some advantages in US vs SA prices • ProFarmer crop tour • Hogs-what are your thoughts on the August expiration?

8-13-21 Weekly crop progress-many questioning the numbers Export sale numbers this week Corn Global shortfall for wheat Beans Producers buying grain for fall feed needs

8-12-21 How did the crop reports look? What was one of the biggest surprises from the crop report? How did USDA determine the yields for this report? What do you think we will see yields do down the road? What do you think will be demand adjustments down the road?

8-10-21 World crop numbers USDA Conditions report-had some significant numbers with not a lot of impact Weekly exports USDA Report-moving past the numbers Corn & soybean charts

8-9-21 • Is there life in this Thursday’s report? • Actual data might not be until October report • Any harvest info out of Brazil? • Low water levels in Argentina • Drop once again in livestock • What is happening in the hogs? • Limit down does this break through summer lows for hogs? • Demand & boxes good for cattle • COVID-do we start to see stock up starting? • Prepping for harvest

8-6-21 • Sideways pattern will continue • Is a breakout headed our way? • Short term models taken out of the forecast • Dryness around the nation • Not much rain set for the rest of August • Supply & Demand for August 12th • World demand & balance sheet • Livestock feed supply heading into fall/winter

8-5-2 Price action going into next week's report Drought monitor Crop tour Global demand Crop loss Drop in livestock trade Cash late to develop for cattle

8-2-21 • Did finish on an up day • Crop conditions • Ethanol margins • Holding on till Thursday the 12th • Basis for corn & beans • Marketing in August • Seasonal low in beef? • Feed variable • Cash movement

7-30-31 • Livestock saw lower numbers • Some bullish points in the market • We need the cash market to change • Movement of meat is an issue-demand is there, but it’s the restaurant side of it • Hogs ASF in the DM • Herd dispersal issue for fall or 2022 • Grains lower can feeders take advantage

7-28-21 • Feds statement-did markets react or will they from today • Spring wheat tour is underway • Markets for corn & beans are having processing the good & the bad • How do we get direction going in these markets? • More crop rating declines-next week will show hot & dry • Could cash cattle ask for higher prices this week?

7-7-21 *Where are the markets on the fence? *Warmer drier weather pattern *Weekly crop progress *What's the demand for grain? *What if demand doesn't hold up? *Ethanol mandate-what would that mean to corn? *A lot can happen with the markets between now & harvest *What does this all mean for livestock?

7-26-21 • Weather-nerves with warm weather • Balance sheets • Struggle • Charts with 4th waves • Traders market both bulls & bears are getting beat up • Look how much has changed in 6 months • Will basis have any changes considering current weather/crop feels?

7-23-21 Markets seem to bring a slow day Weather will be a factor for both grains & livestock Front end on the near future looks lower Demand is understated South American weather Long term demand will be bullish Cattle market is stuck in a range Supplies will tighten Will COVID reign people in? Cold storage kind of friendly

7-22-21 Why did we see the big pull back in corn and soybean prices earlier today? What is causing the big ranges in trade? Are there factors that could get more attention going forward? How is the best way to compare supply and demand info from one year to the next? Do you think corn and soybean prices are undervalued or overvalued according to supply and demand information? What do you think cro...

7-20-21 • Weather • Crop ratings • Corn & bean production • How tight inventory is • Carryout • How is this crop supply different from the past 7 years? • Global pressure on our production • Strategy vs. the outlook on cattle prices • How does the producer handle pricing on feed stuffs in the current market?

7-16-21 Weather Crop conditions going into Monday Smallest demand numbers on the year Canada crops Brazil booking corn from Argentina Russia is dry Wheat in Minneapolis was the market leader Seasonal downturn coming for wheat-but will it work? More up in hogs before we could sell them Cattle are struggling to get out of their own way Charts are not spiffy on cattle

7-15-21 Markets pricing in weather concerns Early week report didn't set up much in the market trade ECB weather & crops ND Crop has had issues Corn & bean basis Soft tone to the exports Feeder cattle adjust to what corn is doing Live cattle is caught in the middle

7-14-21 • China buying U.S. beans • Primary reason for higher grains, is the weather next 10 days hot & dry • More detrition in corn & bean crop conditions • Update on Brazil on their crops • La Nina talks • China happenings • Hogs & China • Why is Texas so deep in the cattle?

7-13-21 Crop report was neutral Tight stocks in canola 3 days of limit up What is happening in Brazil with the corn crop What does the weather look like? Seasonal in corn Looking to the August report

7-12-21 • USDA Report • Worries about Brazil’s expectations for next year • Timely rains • Tour around country side • Have we banked to much on the crops? • Struggle the cattle have had

7-9-21 *Why did we see the big pull back in corn and soybean prices this week? *With the rains that are forecasted, will that be enough rain to finish the crop out? *How will USDA determine the yield for the crop report on Monday? *What is the market expecting for the WASDE report on Monday? *What do you think the crop report says on Monday? *How does the basis levels look for old crop and new cro...

7-7-21 • Interesting price action today • Weather pushed yesterday’s sales • How do the markets relate to each other? • Rain to this point & going forward • Livestock looks at export data for May • Why was there pressure then today in the markets? • Hurricane Elsa

7-6-21 • Time of year that we see what we see • Rain models were a big driver • Crude oil was down hard that amongst others led to pressure • Ethanol & energy taking it on the chin • E15 long term effects • Feeder cattle movement with drop in corn • Is the support there for the lean hogs? • Past the 4th-next big holiday is Labor Day

7-5-21-special holiday Final Bell *How fast does demand fall? *Feels of the market *Weather in the US and Brazil *A look at the markets with the trade closed

7-2-21 • Weather outlook through end of July • Frost in Brazil • Deflationary episode that could happen this fall & China • E15 turn around • Hurricane Update-does that bring Midwest weather • Dairy looses food box program-it takes a toll