The Final Bell

How do the corn and soybean markets currently look? Is the slow harvest pace having an impact on the markets? Does the market care if a Trade deal is done with China Do you think a trade deal with China will get done before the next round of Tariffs on December 15th? What do you hear coming out of the BRICS meeting a couple of weeks ago in Brazil? How does South American Weather look? How does cor...

Darin Fessler, Lakefront Futures and Options, dives into the grain trade with opening discussion on the current Chicago wheat bull. Then Fessler looks at how the recent Hong Kong elections may put pressure on China to work on the Phase One Trade Deal with the US. Fessler ends with a look at how USDA is currently calculating feed use in the US.

Lower corn & beans for a Friday. Pre-holiday works going on. Look at the basis in the country. Ethanol is making some profits. Dry down late harvest issues. Export markets for both grain & livestock. Feeder cattle lead the way lower. Boxes took a drop which didn’t help the market.

Corn continues to see slop progress in harvest with over 3 billion bushels still out. Beans have been in a difficult spot, many still question the USDA reports. Hong Kong-is this causing a slow down in getting a trade agreement in place. South America supplies are running small. Cattle futures see a lower trade & ASF spread & the market effects.

Hong Kong, Bill in the Senate…how does that effect China Trade. Talks 3 b corn is still in the field, South American weather helping the crops. USDA to continue crop progress reports into the near future. Spread of ASF continues in China & beyond. The need for food to feed those in China

Nice to have green on the screen even with bad trade news. Weekly crop progress report. Kansas Wheat condition. the corn market analysis going into next week & beyond. Lower U.S. dollar, Global plantings. Propane shortages continue with the need for harvest dry down. Thoughts of exports. Cattle is hitting some lofty levels. Holiday pressure begins.

P.J. Conradt, Tredas, talks a mixed grain market with wheat higher corn and soybeans lower. Conradt looks at how current supply demand fundamentals play into market action. Conradt also discusses how the current market may impact the 2020 growing season and farmers planting choices. Finally the conversation turns to what options are available to farmers in their marketing plan.

 How did the corn and soybean markets do for the week?  Does the market care if a Trade deal is done with China? a.       Yes Initially. b.       Depends on the deal after the initial move. Do you think a trade deal with China will get done in the next month?  Did your opinion on the market change after the crop? What will the market be watching going forward? a.       South American Weather b.   ...

Are the talks with China falling apart. Media play game? USMCA seems positive. Ethanol production 7th week higher…stocks lower. Brazil tariff quota for wheat. China & U.S. Poultry, ASF…

Markets giving back all the gains. Is China dead South America waiting to pounce. Tyson announcing earnings…Holcomb KS plant coming back on line, heavy weight cattle. Dean Foods & chapter 11

Turn Around Tuesday-sort of. Market deals with outside market pressure from lack of talks from China. Pushes coming to D.C. to move forward with USMCA. Harvest delays, planting progress in South America. Cattle market could continue to move higher in the weeks ahead. Worries of heavier cattle coming to market. Hogs have seen some struggles.

Cattle market makes another day of new highs except for December. Will this strong trade continue? Firmer cash market last week. Rumors we might see the Holcomb KS plant open earlier. Average weights are above a year ago. Lower grain markets. Year ago today March Corn 2nd largest crop…but still at the same price today. How much did the USDA WASDE glitch effect the markets?

WASDE report. How valid were some of the results in Re-surveying North & South Dakota Harvest weather going into next week. Open interest in the cattle-could we see some buying & is there in a top going in. Planting progress in South America.

New lows in the corn on a Thursday as markets set up for the Friday WASDE Report. China continues to play a role in the markets both on the soybean & hog side of the trade. Demand for corn isn't good, cattle crazy with export increases on the way.

Weather trying to help the last of the harvest…colder temperatures moving in will solidify fields. Lower corn & soybeans. Is the China Phase one being pushed off till December? Odds are stronger it will be completed in 2019. Friday WASDE report. Brazil to get good rains. Propane shortages? ASF-China has reopened the door to Canadian hogs & purchases from Europe-needing meat.

WASDE Report, lower grain numbers, yield potentials for corn & beans. Politics moving into push on trade & USMCA. hogs from down from their limit up trade.

Is markets getting sick of the China situation. Beans still see some strong demand & fresh Brazilian planting. Is Brazil working to take away more markets from the United States? Cattle market is setting up for some volatility in the markets. Hogs undervalued on a global sector.

Weather in South America. WASDE report a week away. How will markets go heading into next week. China another hold. Basis harvest pressure heading into the weekend. Could a soften be happening. What we are seeing in the dollar trade & its effects on the grain & livestock market. Class 3 milk prices have had some excitement this week. Vertical move higher in cattle market. Beef packer margins conti...

What are the current factors that the market is watching currently? Corn and soybean yields Harvest weather South American Weather Chinese Trade Talks Corn Demand 2020 Marketing decisions on seed purchases

Higher corn, lower beans & wheat. Harvest delays, South America crop progress, the latest on China-as conference has been suspended. What is in the deal & what isn’t. Market is taking it in stride call us when its done. Private estimates on crop progress will come out on Friday. In holding a pattern. Fed statement-how does that effect the trade. ASF. Rally in the cattle market.

Higher corn. Harvest pressure and delays seen around the Midwest. Snow & more on the way. Review of crop progress of Monday. Condition report. Where are we in this market. A bit friendly these markets. November WASDE. Brazilian soybean planting sees some advancement.

Lower corn & beans while soybeans were higher. Lackluster trade, currency issues with Brazil. Yield loss is visible in North Dakota. Harvest progress…upcoming weather system. Corn plan lacks direction. Quiet cattle market after Friday’s cattle on feed report.

A phone conversation with China, leads to some positive moves. African Swine Fever-market prices are 3x in some area's of China. Talk of food issues within the country. Snow next week and this week in the Texas Panhandle how that will effect the winter wheat. Harvest yields are getting smaller.

PJ Conradt with Tredas talks about the Thursday lower grains, the talk with China talking of a $20 billion year trade deal if signed. Choppiness in the beans, South American planting progress and the higher cash cattle trade.

Mixed corn & beans, but higher on the wheat. Harvest delays continue with rain across the Midwest & wind slowing progress elsewhere. Markets are quiet-does that make you nervous. Cattle starts to break & then pops right back up. Early cash cattle sales.