Markets closed early on Friday for the Thanksgiving holiday. This year’s crop outcome-what will be harvested is about there-this could move the markets higher as reality sets in that all the crop won’t be out before 2020. How will this change the basis? Cash will win in the end. South American production-any issues heading into December. December 15th deadline looming with China-will they just continue to buy what they need? Corn exports saw some improvements this past week. Getting a final spike trade in the dairy industry. Still seeing some Chinese purchases for milk powder. Weeks snowstorms and upcoming weekend weather be of concern to the feeder cattle market?
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.
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.
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
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.
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.