Heather Ramsey, The ARC Group, joins the Fontanelle Final Bell following a mixed day of commodity trading. Ramsey shares her thoughts on why a neutral WASDE report may have been okay for the market. Ramsey also shows that there is current opportunity for producers with grain stored on the farm.
Arlan Suderman, Chief Economist for INTL FC Stone, gives an update of what the Corona Virus outbreak looks like in China currently. Including livestock that may not make it to market due to feed shortages from the travel restrictions in the country.
Suderman also breaks down the why a rising US dollar is hurting the price competitiveness of US commodities.
Heather Ramsey, ARC Group, talks China, Corona Virus, flow, and Brazilian soybeans. The Corona Virus kept the entire market space in a fear grip for most of the trading day. China is considering extending is Lunar New Year celebration in an effort to curb the spread of the virus. Export inspections were not exciting and mostly expected. Except for wheat which came in below analysts expectations. Brazilian soybean harvest is about 9% behind where it was a year ago.
There are plenty of factors currently impacting the market trade Ramsey shows how timing over historical periods are still very important to a farm marketing strategy.
Ramsey says, “As farmers were worried about protecting from lower prices. We can always handle higher prices by selling more.”
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 in South America, corn did better but problems talked about it in a variety including wheat.
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?
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.