The Final Bell

What are the drivers of the markets at this time? What do you think the USDA Outlook Forum is going to say? Why is there such a big difference on opinions on market direction? Any updates on the Phase One Trade deal? How does the demand from the ethanol industry look?

Troy: Higher corn & wheat, lower soybeans after a 3 day weekend. Coronavirus fund positions & markets. Australia is short on wheat. Eric-Cattle & demand. Australia and export movement.

Demand vs. Supply. Coronavirus continues. THIS WEEK'S WEATHER IN THE HARD RED WHEAT BELT REMAINING DROUGHT-STRICKEN FOR WESTERN & WEST-CENTRAL KANSAS, THE ACREAGE REPORT TODAY BEING UPDATED, & THE FRENCH WHEAT CROP CONDITIONS, WHEAT REMAINS OUR MAJOR PRICE-LEADER FOR FUNDAMENTALLY-RELATED/CURRENCY-RELATED SHORT-COVERING A bright spot is the cattle market.

Markets continue to narrow. Grains trade lower on a Thursday. Commitments are down 26% from a year ago on corn. Will we be able to move forward? Beans were able to test $9.00. Coronavirus continues to raise issues, and avian bird flu continues to be an issue. More spreading from hogs to cattle. Hogs might have seen a new low. Markets right now importing into China causing problems.

Turn around on the grains today. Coronavirus continues to be the headline that is shaping the markets. China has taken resources away from African Swine Fever to control Coronavirus. Boots on the ground gives us a first hand look. What does this mean for Phase One? South American Weather. How is harvest going? Delay of planting in the U.S.

Heather Ramsey, The ARC Group, joins the Fontanelle Final Bell for Tuesday 2/11. Ramsey breaks down the USDA Stocks and WASDE reports as to why neutral may have been okay for the market. Ramsey also looks at the marketing opportunities currently available to farmers.

Darin Fessler, Lakefront Futures, was Monday's guest on the "Final Bell". He previews Tuesday's USDA report and discusses where he's at with hogs and cattle.

Coronavirus continues to be talked about.  Markets are just not sure what to do at this time, in this phase with the Central Banks continue to print money & China in continued lock down.  More time is needed to gain clarity on how long the demand side hiatus will last.  Markets will continue to struggle.  Any good news could make the markets take off-but any stagnate bad news will have some ill ef...

Cattle didn't hold the open that started the day. Cash market has a chance to be better. Walmart raising beef & slaughter...not expected to drive near term change to the cattle industry. Hogs see failure once again with bird flu added to the list. Grains closed higher...should be worth something. China asking for patience with Phase One implementation. Basis continues to hold strong. Stock market...

The Good the Bad the Ugly. Bloomberg article on China asking for more time. The Brazilian Real continues to be cheap. A lot of uncertainty hanging out there in the markets, more than what we have seen in years past. declining supply of cattle.

Coronavirus continues to have its effects on the markets. Could we see some stimulation in the market from the world banks? Weakness in the dollar-soon see a turn around? Real has also been cheaper than our dollar. Will that continue to hinder exports. South American harvest & weather. This is not a forever deal…the demand we have lost in the nearby will come back multiplied. Struggles in the dair...

Grains struggled in the Thursday trade. Overall commodity weakens. World Health Organization continues to talk about the Corona Virus. The chatter has been the beans & how hard they were hit. Wheat performance though is somewhat encouraging-even though we saw negative numbers. Fear traded markets. Brazil real & how it is affecting our export opportunities in the U.S. ASF & the vaccine. Limit down...

Lower grains again today. Reaction to the USMCA signing on the U.S. side. Vaccine for ASF. Corona virus-is it impacting the markets? Delay of Phase One because of it in China. How much is fear worked in. South America production could bring some higher results. Cattle tried to push higher, but unable to move.

Higher corn, lower beans & wheat. Corona Virus…what effects will it have on the markets. Real and its marketing tools compared to us. Chinese New Year. How is that playing a tole on the markets? Livestock-no early cash trade. Struggle in the markets yesterday. USMCA, cash cattle, stock markets…all playing in to the market trade.

Lower grain trade to finish out the week. Looking at marketing in 2020, to be able to focus on profitability vs. prices in the markets trade. Are there some fears as they watch impeachment & global market trade talk? Are there concerns about corn-what about the top in October & how does that relate to today’s trade. Soybean trade as well. Heating oil & fuel needs this winter. Chinese New Year

Factors still moving the markets include China as we move 7 days into that 30 day agreement. Not a lot of movement talked about to this point. Kind of leaves us on the fence & following technical. Wheat continues to trek higher until today-but why is it going higher. Current status of South American weather & crop progress. Livestock market…Chinese holiday-sickness…people moving through the countr...

Quiet start with the livestock. Tone of the beef is just okay…macro’s have Brad concerned just a bit. Cash cattle. Average weights are disturbing. Year on year comparisons come in higher. Is the market tired for the cattle? Hogs continue to torment. New virus in China-how is that going to affect the markets & heading into the Chinese New Year Celebration. Beans took it in the shorts-is it weather...

Crazy week of reports. From the January 10th report, Phase One, USMCA…but still beans had a rough week. Shows volatility & one needs to be prepared. Last 60 days we have been in a tight range. Ethanol margins remain tight…China even mentioned ethanol in Phase One. South American weather & current harvest. Hogs could see the boost from the trade deals. There is money to be made in the cattle market...

Why have the markets been down so much since the phase one trade deal came out? What are some of the details of the trade deal that you found encouraging? Are there parts of the trade deal that concern you? What does the market focus on now going forward? How does the corn export demand look? How does the corn ethanol demand look? What does it take to turn the market back higher?

Phase One is signed. What is the market direction for the next few months pushing through winter. Beyond the trade deal USMCA would be the next big push. Brazil real vs. U.S. dollar. We will have better demand going into 2020, but don't expect it first quarter. Feeder cattle charts. Could we see stabilization in the hog market? livestock demand

Tomorrow's signing day with China. A lot of stories about what be included. WTO guidelines. Chinese imports. Bird flu update for China. Turkey's in Northern Hungary as well. We continue to see tight ethanol supplies. Weather updates for South America. Corn harvest 2% done in Brazil. Global wheat crop. Livestock market & what China's hog market looks like. Some short term technical on cattle.

Higher corn, lower beans & wheat. Quiet day in the market trade. China needs help…food for both people & livestock. Will we see any fireworks from Wednesday’s signing? Bird flu in China with swans. Ethanol margins remain tights. Weekly export numbers on the softer side. Why are we seeing lower numbers in the livestock? Chinese New Year Celebrations.

USDA WASDE Report. Nothing friendly on the grain report. Unicorn type of day! Brad explains. How do the basis numbers look? Ethanol/DDG’s & China. Cattle prices were higher with the hopes that the cash would see some higher Friday trade numbers. Macro’s for the cattle not great. Middle of a big fund role. Negative side of the market is the cut-out value-cutting back on Saturday kills. No real thre...

Pre-Report trade. If the wheat is leading higher on the S&D Report the dollar will have a reaction. Trade might not be worried about the corn. bullish surprise in the report though could be the corn, seeing where we are at in harvest. Phase Two comes after elections. Phase one is on track for January 15th. Iran still being talked about. World Supply Demands with South America. Winter seeding for t...

China...they are scrapping their ethanol program & what does that mean? GCI China talks of lifting duties on DDG's. Ethanol mandate by 2020, was never bought into. Due to weather, the USDA report delayed until Friday along with the WASDE report. Political talk making national news, is the current issues with Iran having any effect on the markets? ASF hits again in Bulgaria. Consolidation in the ca...