Corn
Corn national average basis firmed last week but remains weak. Last week’s calculation came in at 38.25 cents under December futures (solid green line). as compared to the previous week’s [...]
Live Cattle
The Live Cattle national average basis market is mixed due to continued light cash trade. Light cash trade in Texas was reported $230, up $2 from the previous week. October [...]
Live Cattle
Theoretical Positions Producers have likely been sellers in both cash and futures since mid-October 2025. National average basis remains strong but seasonally volatile (see Basis Analysis). Investors are likely long [...]
Feeder Cattle
Theoretical Positions Producers have likely been sellers in both cash and futures. Investors could’ve gotten long the market during this secondary uptrend. Trend Analysis The November contract extended its secondary [...]
Diesel Fuel
Based on seasonal tendencies, the diesel fuel market looks to get even more interesting over the coming weeks. The spot-month futures contract tends to post a high weekly close the [...]
Diesel Fuel
Theoretical Positions End-Users may have gone long the futures market last winter near $2.2180. Investors may have also gone long near $2.2180. Fundamentally, diesel fuel remains bullish (see below). Trend [...]
Soybean Oil
Theoretical Positions End-Users May be buying on an as-needed basis at this time. Investors Have likely moved to the sidelines until a clear trend develops. TrendAnalysis The December futures contract [...]
Soybean Meal
Theoretical Positions End-Users Would still be long the cash market. No additional purchases should be made given the market is in a downtrend (see below). Investors Would’ve gone long Dec [...]
Nasdaq Index Weekly
With a week remaining in October, the high-technology Nasdaq index ($NASX) is getting more interesting. This past week saw the Nasdaq fall to a low of 25,866.15 before closing at [...]
December Cotton
As mentioned in Weekly Analysis, December cotton tends to move into a seasonal uptrend in mid to late October. The 5-year index (red line) shows a low weekly close the [...]
September 2026: Cold Storage
The USDA/NASS Cold Storage report for September 30, 2026 was released Friday afternoon. I could still make the argument there is a switch from higher priced protein (beef) to lower [...]
2026: October 1 Cattle on Feed
USDA released its Cattle on Feed numbers for October 1, 2026 Friday afternoon. On Feed as of October 1: 11.372 million head (mh) Up 2% from the September 1 number [...]
Fill ‘Er Up
*I’m away from the studio Friday afternoon so there won’t be an audio version of Afternoon Commentary. Afternoon Summary: Sometimes after work, when the dust has settled across the market [...]