- Return of the emotions of the markets yesterday
- Wheat still dealing with Russia
- Is there a big reversal in the weather pattern at the end of this month for South America?
- USDA numbers pretty close to StoneX numbers
- Sept 1 corn stalk numbers were adjusted as well this week
- Higher corn-how have cattle been reacting?
- 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
The first overnight trading session of 2021 was on fire for the grains. Unfortunately the day trade brought a cooling to the market with grains ending the day mixed. Sue Martin with Ag and Investment joined the Fontanelle Final Bell on Monday to highlight some of the reasons why there may have been pull back after the strong overnight session. At the top of the list it may have simply been profit it taking with overnight traders running the corn market to nearly $5 and soybean market to $13.50.
Martin is also closely watching the weather and labor situations in South America. Temps in Argentina and Brazil continue to be hot and dry, but some area’s have seen mixed precipitation. As for the labor side the port strike may not actually be over in Argentina. Martin will be watching the loading of ready ships to see if that offers any idea of where labor stands in Argentine ports.
You can catch the full episode here:
- 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
- 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