The Final Bell

1-11-21 • Report heading into tomorrow • Reason for the pullback in the grains today • What could they tell us? • Ethanol margins remain soft • Basis price • Missouri River levels • Current but slower on the slaughter • COVID-19 vaccines

1-8-21 • Broad overview of the grain markets • Look ahead to the USDA report of Tuesday • One day lower trade this week • Where have we gone in the last month of trade? • Are $14 beans possible? • Wheat has not had a lot of cold weather scares • Lower livestock…did the south sell to soon?

1-7-21 • Grains have had a heck of a run in 2021 • Turn of events to lower numbers shouldn’t be a surprise • The Tuesday report • Weather in South America with issues in Argentina • A look at the Goldman Sachs Index • Ethanol movement • Next 13 days • Feed costs & grain movement

1-6-21 • Nice day in beans • Corn hits $5 • Different dynamics between corn & beans • How is wheat faring • Next Tuesday is a pivotal day. Money flow & momentum

1-5-20 • Cattle market still has the chance to go higher • First full week of trading in ‘21-what’s the feel of the cash • Big outside day on Monday • How does livestock react to higher grains? • Macro markets-how are they playing a role in the trade? • Huge cash feeder movement the next couple of weeks? • Dollar on the trade • Hogs have some money positions moving…how does that effect front month...

12-31-20 How have corn and soybean markets done for the week? What were prices one year ago for corn and soybeans? What all has changed in the corn market to get us to these prices? How has the soybean supply and demand changed to get us to these prices? What will the corn and soybean markets be focused on going into 2021? What are some marketing lessons learned from 2020?

12-29-20 • What has the futures done for grains in the last 30 days? • Corn/Beans/KC wheat-why is it up…funds? • Current weather outlook • Fundamentals of new crop

12/28/20 • Holiday doldrum trade • A lot of year end wrap up going on • South America as we get to Jan will see what their weather impact will be • Corn imports with China all-time high • Taiwan approves pork imports with Ractopamine • Update to the dairy industry how has cheese buys effected the trade? • Cattle supply side is bullish

12-24-20 • Higher grains to finish out the trade week • Weather in South America • The need for having reserves once again • Stimulus package • Beef could get expensive going into the new year with stronger profits

12-16-20 • Weather in South America • Worker strikes in Argentina • Ethanol demand…COVID having its effects • How is demand effecting meat • Outlook for Chinese imports in the coming year for meat

12-15-20 • Crush number boosted the soybeans • Holiday trade is setting in • Low volume for the corn • China grows their hog herd • Cutout break...what does this mean going forward? • Not a lot of cattle movement-part December part price?

12-14-20 • Wheat had a huge drop • Some renewed export opportunities for soybeans • Look at country basis • Hogs continue to try to move with no luck • Reminder we are into the December livestock market

12-11-20 What were some of the highlights from the December WASDE report? How does the export demand for corn look? Do you think USDA will increase the corn export demand in future reports? What does export demand for soybeans look like? Why didn’t USDA increase the export demand for soybeans in the December WASDE report? How is the ethanol demand for corn doing? Now that the December WASDE report...

12-10-20 • WASDE Report • Weather in South America • Russia’s actions reason for stronger wheat today • Cattle trade • Hogs struggle but upcoming H&P Report

12-8-20 • Markets seeing battle between what we know & what is possible with weather • What is fair price? • WASDE report not heavily weighted on the trade. • Basis • Lower dollar • Will corn deal with more spillover pressure from beans? • CA Lockdown…how does that play into the markets? • Hogs remain rangebound

12-7-20 • What’s going on in DC • WASDE • Weather both US & South America • Consumption gasoline & proteins

12-3-20 • Cattle Complex • Commodities working on their own identity • Second quarter of 2021 will bring some optimism • COVID protein worries • Heavier cattle in the north? How long till we get this all cleaned up? • December expirations & first notice days. • Open interest year over year • Hogs still a packer led market. Range bound for how much longer?

12-2-20 • Weather update on South America • Recovery in wheat catching attention • Illusive $12 beans • Cattle moved on the online exchange • Looking at last COF report how does that effect • COVID shutdowns…ethanol, jobs, proteins

12-1-20 • Interesting movement on deliveries • China & food shortages • New month • History repeating itself month to month • Wheat purchase from China

11-30-20 • Post-Thanksgiving pull back-how long will it last • Restaurants & food consumption with COVID • Dry weather & its effects on wheat • Is China blamed for recent global prices?

11/27/20 1. Recap of the markets for the week. 2. How is the export demand looking for corn and soybeans? 3. Are you concerned about the rumors of China cancelling soybean purchases? 4. How is the ethanol demand for corn looking? 5. How does South American weather look? 6. What potential problems does the drier conditions in South America Produce? 7. Are corn and soybean prices overvalued or under...

11-20-20 • Didn’t close near the highs that some had thought • Brazilian weather…driving factor overnight… • Will we hit $12 beans? So then what’s after $12? • How much COVID worry is being factored in? • A lot of fund trading in grains • Export sales haven’t been very aggressive

11-19-20 • Cattle risk off covid deal • Rumors about plant closings • Cash market steady • Food service retail issues • Marketing year high on beef exports • Beans impressive • Exports…pretty new into the trading year

11-18-20 • Nice to see some positive markets • Vaccine news once again supportive • COVID & Ethanol demand • Evidence that China is back to buying again • Rains coming to South America & the U.S. • Dryness worries could be pushed into spring • Balance act between grocery store meat hording & restrictions for food service

11-17-20 Wheat market struggles Beans are pulling the corn along Export numbers South American Weather U.S. Basis Is there some pork export possibilities?