Light selling in the wheat…how did that effect the corn trade? Oil & ethanol concerns. How soon will we be back to normal? Planting intentions report due out at months end. Could we see increase in unplanted acres? Corn/bean ratio and what are we seeing in the basis? Cattle market on expanded limits, one needs the other. Is Tyson’s announcement effecting the markets?
Livestock limit down as it was on expanded limit. Not a lot of proteins moving with cancellations because of Coronavirus. How does the cattle & pork producer try to focus & find the positive? Basis continues for the corn steady. Feed demand will have added pressure to the grains-almost a domino effect. How will the slow down and fuel issues effect the ethanol plants. March planting intentions report outlook.
Another low day in the markets, is the aid payment talk trigger some worries in the market place? Waiting for trade deals to kick. Bean funds are short going into the weekend. Outlook forum brought no surprises. Now what? Ethanol margins flat, weather market heading into spring planting. Dollar vs. real. Livestock…hogs continue on a roller coaster-a lot of production out there, but no place to go globally. Long term effects on the hog markets.