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Cattle On Feed On Feed: 100% vs 100% estimatePlaced: 100% vs 98.1% estimateMarketed: 106% vs 105.9% estimate Cattle on Feed report is neutral to slightly negative based on the placement numbers.

Spec Trade: Buy a Dec Chicago Wheat at the MKT, 882 last with a 847 stop.

The US dollar bolts to need highs again overnight. Friday is magnifying the deflationary trend of the week, with the US dollar bolting to new highs over 112.11 overnight. This is created a complete risk-off mentality across all equity and commodity sectors. With exports so poor and the strength of the US dollar, soybeans and…

Export sales are reported dismal. Grain futures opened lower last night on the extreme weakness of the stock market after Federal Reserve Chairman Powell gave its communiqué at 1:30 p.m. CT and said that they would fight inflation like a war. This bolted the US dollar to new multi-decade highs of over 111.50, which had…

Putin insights further price gains overnight. Wheat prices accelerated overnight, with Chicago wheat going through $9.00, and Kansas City hitting a high of 982 before drifting. Corn values challenged last week’s high but did not best it and found itself this morning with soybeans lower at the end of the night session. Comments at 1…

Spec Trade: Resell a Nov Soybean at the MKT, 1480 last with a 1502 stop.

Spec Trade: Sell a Nov Soybean at the MKT, 1460 last with a 1471 stop.

Wheat rebounds from Monday’s heavy losses. Grain markets overnight found a firm trade in wheat, which was heavily sold yesterday, while corn continued to advance, and soybeans slipped from overnight strength. Yesterday’s crop ratings which are now more of a maturity rating, put soybeans at 55% GD/EX versus 58% a year ago, while corn was…

Spec Trade: Sell a Dec Hog at 89.25 GTC with 90.65 stop.

Spec Trade: Buy Dec corn at MKT, 672 last with a 661 stop.