Arlan Suderman, INTL FCStone, has a lot to discuss on the Fontanelle Final Bell starting in the grains. Suderman looks at the bushels still in the field across the US as 2019 winds down. Then the conversation turns global with a look at South American soybeans and wheat exports.
Suderman also dives into the current diplomatic state between the US and China and the odds of phase one trade deal coming to fruition. The currency markets are keeping a close eye on the progress of the trade talks and it could im
Wheat bulls, Chinese politics, and USDA formulas are all topics of discussion to start the week off on the Fontanelle Final Bell. Darrin Fessler, Lakefront Futures, looks at the wheat market at possible momentum and technical trading to the upside. Fessler notes that it’s unusual to see the Minneapolis wheat futures at a discount to Chicago wheat futures.
Following the weekend election results in Hong Kong Bejing may be feeling political pressure to get a Phase One Trade deal signed with the US.
Finally Fessler looks at how the USDA is currently formulating feed use in the US and if the latest cattle on feed report will have an impact on that formula.
P.J. Conradt, Tredas, joins the marketing conversation to start the week. Overall grains were mixed with corn and soybeans lower, wheat higher. Conradt looks at the current supply demand fundamentals and how that helps to shape the current trade. Conradt also discusses how this may shape 2020 planting decisions and how it can work into current marketing plans.
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