ALL EYES ON CONDITIONS & USDA
AUDIO COMMENTARY
Good price action in cattle
Weather has improved
All eyes on crop conditions & USDA report
Yield debate is heating up
Do crop conditions stabilize or continue to drop?
Demand has not slowed down at all
Disappointing price action in corn & beans
More sales to Mexico and China
France’s corn crop continues to drop
Wheat needs to see some demand
Pro Farmer tour coming up
Things will be interesting next few weeks
Selling option premium
Demand needs supply
Need to see basis and spreads do the work. That will tell us that the rally is real and not fund driven
The carry in the market isn’t friendly
How to utilize the carry in the market
Basis contracts & HTA’s. What to do?
Tools that can add to your bottom line
Be comfortable with the extremes from USDA
If you aren’t sure you will have the crop you pre-sold
USDA can come up with anything next week
Ratings suggest lower yield but that doesn’t have to be the case next week
Listen to today’s audio below
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