As news unfolds of a possible trade deal with China Jeff Peterson, Heartland Farm Partners, looks at what could happen to the markets going forward.
Peterson addresses the question as to why the USDA didn’t change the corn or soybean yield in the December WASDE and what could happen in the January report. Peterson also looks at the other supply and demand factors influencing the markets and how producers may utilize the current conditions in their marketing plans.
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.
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.
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.
Listen to the latest episode here:
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, 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.
What are the current factors that the market is watching currently?
Corn and soybean yields
South American Weather
Chinese Trade Talks
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.