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?
Weather in South America. WASDE report a week away. How will markets go heading into next week. China another hold. Basis harvest pressure heading into the weekend. Could a soften be happening. What we are seeing in the dollar trade & its effects on the grain & livestock market. Class 3 milk prices have had some excitement this week. Vertical move higher in cattle market. Beef packer margins continue to be strong as does exports. Smart Money-no selling on this rally-does this mean there is more of a rally to go? Brazilian Cattle prices.