Time for a Second Cup
Morning Summary: It’s been a while since I’ve been able to open Morning Commentary by saying it was a quiet overnight session, but that’s what I noticed going quote page [...]
The Art of War
Afternoon Summary: It seems the general consensus to last week’s much hyped meeting between the US president and China’s President Xi is the former lost bigly to the latter – [...]
The Red Cs
Morning Summary: The commodity complex was off to a bearish start this week. Those who are inherently bullish will be quoting famed cartoon character Garfield the Cat, “I hate Mondays”, [...]
This Week’s Schedule
Monday, September 28 through Friday, October 2 (all times CT): Monday 9:05 Agriculture of America Talk Show with Jesse Allen Tuesday 8:15 RFD-TV 13:15 RFD Profit Watch with DeLoss Jahnke [...]
Live Cattle
Theoretical Positions Producers have likely been sellers in both cash and futures since mid-October 2025. National average basis remains strong, (see Basis Analysis), so cattle should be moved when ready. [...]
Feeder Cattle
Theoretical Positions Producers have likely been sellers in both cash and futures. Investors are likely on the sidelines, waiting for a clear buy signal. Seasonal Analysis The November contract looks [...]
Lean Hogs
Theoretical Positions Producers Cash sales have likely been made and short hedges lifted, putting producers on the sidelines for now. Investors Looking for an opportunity to go long the December [...]
SRW Wheat
Theoretical Positions Producers Most of 2026 production has likely been sold. Small sales of 2027 production can continue to be made. Jul27 closed Friday at $7.2550. Investors Would’ve gone long [...]
HRW Wheat
Theoretical Positions Producers Most of 2026 production has likely been sold. However, if still holding bushels, given the market is in the upper percentages of its historic price ranges (1, [...]
HRS Wheat
Theoretical Positions Producers Hold off on new sales of 2026 bushels, waiting to see if the December contract can find support near $7.0950. Investors Would’ve gone long the September issue [...]
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 [...]
Cotton
Theoretical Positions Hedgers: Remaining 2026 production could’ve been sold near the recent weekly close of 86.33 based on both trend and seasonal analysis (see below). Investors could’ve sold the December [...]
Soybeans
Theoretical Positions Hedgers Cash sales of expected 2026 and 2o27 production can continue to be made based on historically high Nov26 and Nov27 futures prices. Investors May have gone long [...]
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. Investors Would’ve gone long Dec futures near $304.50, the close on Friday, June 26, 2026. Dec completed a bullish spike [...]
National Corn Index
I mentioned the seasonal pattern for the National Corn Index in the latest Weekly Analysis: Cash Corn. Let's go into more detail about what we've seen and what it might [...]
Corn
Theoretical Positions Producers Cash sales were made during the previous uptrend due to high price distribution Based on seasonal, price distribution, volatility, and long-term technical analysis: December $5.00 calls could’ve [...]
Feed Corn
Theoretical Positions End Users Cash needs for the 2026-2027 marketing year (September 2026 through August 2027) might’ve been covered when the National Corn Index posted a new 4-week high weekly [...]
Corn
Corn national average basis remains weak. Last week’s calculation came in at 41.0 cents under December futures (solid green line). as compared to the previous week’s figure of 42.0 cents [...]
Soybeans
The soybean national average basis market remains neutral. However, as the numbers show, the market has not seen seasonal harvest pressure during September. Last week’s calculation came in at 55.75 [...]
HRW Wheat
The HRW wheat national average basis market remains neutral-to-weak. Last week’s calculation came in at 67.0 cents under December futures (solid green line) as compared to the previous week’s 67.5 [...]
SRW Wheat
SRW wheat national average basis remains neutral. Last week’s calculation came in at 71.0 cents under December futures (solid green line) as compared to the previous week’s 71.25 cents under [...]




















