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.