Market Talk Jesse Allen

USDA dropped their December WASDE Report on Friday morning with little fanfare as it was a quiet report (which is typical for December). There were a few minor changes to the U.S. and global balance sheets but overall the markets took the report in stride and grains saw some profit taking into the weekend. Meantime, was the cattle rally a "dead cat bounce" or are we finally finding a bottom in the cattle trade?
We discuss the markets to wrap up the week, recap the WASDE and more today with DuWayne Bosse from Bolt Marketing LLC. Learn more online at https://www.boltmarketingllc.com.
Today's program is brought to you in part by Growmark/FS; learn more online at https://www.fssystem.com.

The December WASDE Report from USDA is here and......it was mostly a snooze fest. Not many changes at all to the U.S. and world balance sheets on the grain side but there were a few of note including a drop in U.S. corn and wheat ending stocks due to higher exports. We discuss the WASDE and get market analysis from Arlan Suderman, Chief Commodities Economist at StoneX.

The grains and oilseeds had a solid day to the upside on Thursday led by soybeans and soybean oil. Active weekly export sales numbers and good money flow helped the trade one day ahead of the December WASDE Report. Meantime, the protein sector continues to struggle. We discuss the markets and get perspective from Bryan Doherty, Senior Market Advisor with Total Farm Marketing. Learn more at https://www.totalfarmmarketing.com.
Also, we get a look at the newest global protein outlook for 2024 from Rabobank. Lance Zimmerman, Senior Analyst-Animal Protein with Rabobank joins us to discuss the report and talk about the volatility in the cattle market recently. View the report online here: https://research.rabobank.com/far/en/sectors/animal-protein/AP-Outlook-2024.html
Today's program is brought to you in part by Growmark/FS; learn more online at https://www.fssystem.com.

We saw grain markets largely slide lower as we went through Wednesday trade. More SRW wheat sales to China initially supported Chicago wheat but that market even faded throughout the day. We discuss fundamentals, charts and get technical analysis of the grains and discuss more volatility in the cattle trade with Mike Zuzolo from Global Commodity Analytics! Learn more online at https://www.globalcommresearch.com.
Today's program is brought to you in part by Growmark/FS; learn more online at https://www.fssystem.com.

Soybeans had plenty of volatility on Tuesday as we ended up finishing near unchanged when it was over. More SRW wheat sales to China helped support wheat trade which spilled into corn. We discuss the funds short positions in wheat and corn, year-end money flow and much more on today's program with Jim McCormick from AgMarket.net. Learn more online by visiting https://www.agmarket.net.
Today's program is brought to you in part by Growmark/FS; learn more at https://www.fssystem.com.

Wheat had another solid day higher while soybeans broke lower to start the week. Corn was largely caught in between the two on Monday. Cattle had another leg lower as well to start the week. We discuss the market action with John Heinberg from Total Farm Marketing. Learn more at https://www.totalfarmmarketing.com.
Plus, we get an update on warm temps most of this week in the U.S., the potential of a weekend storm system, a December outlook and a discussion about South American weather. Eric Snodgrass with Nutrien Ag Solutions joins us to talk about it. Learn more online at https://www.ag-wx.com.
Today's program is brought to you in part by Growmark/FS; learn more at https://www.fssystem.com.