WEATHER
Ag market activity Friday and much of the week was dominated by money flow and spillover from outside markets like the metals, the energies, and the dollar. That’s according to Allison Thompson with The Money Farm.
Grains markets ended higher across the complex, driven mostly by money flow according to Dave Chatterton with Strategic Farm Marketing.
Jamie Gieseke with Paradigm Futures says soybeans were also getting a push from South American weather, with wheat adding risk premium on U.S. weather concerns.
Soybeans and bean oil were slightly higher on Tuesday morning with hopes President Trump may make an announcement or at least talk positive about the 45Z program according to Mark Schultz with Northstar Commodity.
Meteorologist Eric Snodgrass says the storm hit 28 states with ice, snow and record breaking cold temperatures and the polar vortex could linger for a while.
Live and feeder cattle futures made new highs for the move Monday morning after a strong close Friday and higher weekly closes. However, the big catalyst is the bullish USDA Cattle on Feed Report data according to Rich Nelson of Allendale, Inc.
The U.S. Climate Prediction Center forecasts the weather pattern to persist for the next month or two, which is ideal for soybean reproductive stages, but the transition might impact the tail-end of the region’s growing season.
Kevin Marcus gives insights from U.S. to South America to China growing and harvest seasons.
October is a big month for barge transportation on the Mississippi River, but restrictions are in place and the weather forecast shows little promise for improving water levels.
From Texas through the Mid-South, defoliation decisions are top of mind, while Georgia deals with a new insect threat, the jassid leafhopper, which has severely affected some acres.