Jason Nash

[GraInformant @GraInformant]

🫛Soybean Processor Bids - 6/3

An expected jump in basis values today, processing margins continue to increase as Ags stop following crude

Eastern Plants
> Cargill - Bloomington: 20 (+5)
> Bunge - Decatur: 20 (+5)

Western Plants
> Cargill - Cedar Rapids East: 0 (+20)
> Norfolk Crush: 0 (+10)
> AGP - Sheldon: -60 (+10)
> AGP - Manning: -35 (+10)
> NDSP - North Dakota Soybean Processors Llc: -33 (+7)
> ADM - Mankato: -20 (+5)
> Cargill - Kansas City: 25 (+5)
> AGP - St. Joseph: -15 (+5)

#basis #ag #soybean

[HTS Commodities @HTSCommodities]

The daily LRP quotes for the Livestock Risk Protection policy are listed below. These prices are valid until 06/04/26 at 8:25am CST. If interested, contact James Graves at [email protected] or 806.350.2400. #cattle #ag

[HTS Commodities @HTSCommodities]

Between the high plains drought, the CME expanding the daily price limits and adjusting margins for feeder and live #cattle futures contracts the feeder curve has been under intense pressure. August is technically weak but does the price find support at the 200 MA?

[Jessica Jackson @JessicaJackCFR]

I am asking President Trump to come to Chicago and expose the corruption that has hurt families like mine for far too long. #ChicagoFlipsRed

[GraInformant @GraInformant]

🫛Soybean Processor Bids - 6/2

More basis strength for Western Soybean Processors - farmers disengaged

Western Plants
> AGP - Sergeant Bluff: -35 (+10)
> Norfolk Crush: -10 (+10)
> AGP - Hastings, NE - Soy Plant: -50 (+10)
> ADM - Lincoln: -20 (+5)
> ADM - Spiritwood: -25 (+5)
> ADM - Fremont: -20 (+5)
> Bunge - Council Bluffs: -20 (+5)
> Bunge - Emporia: -5 (+5)
> MNSP - Brewster: -25 (+5)

#basis #ag #soybeans

[HTS Commodities @HTSCommodities]

Corn has begun the seasonal negative gamma trade. The 3 month 50 delta implied volatility is declining and is just above the bottom of the historical range and the 2025 levels. 2023 was an El Nino year...use vol spikes to hedge. There is no question who owns the #corn trade.

[HTS Commodities @HTSCommodities]

The daily LRP quotes for the Livestock Risk Protection policy are listed below. These prices are valid until 06/02/26 at 8:25am CST. If interested, contact James Graves at [email protected] or 806.350.2400. #cattle #ag

[GraInformant @GraInformant]

🌽Ethanol Processor Bids - 6/1

Seems like corn hasn’t been flowing given the drop in flat prices the last couple weeks. Haven’t seen a move in ethanol producer basis like this in over a month.

Eastern Plants
> POET - Fostoria: 35 (+5)
> POET - Marion: 40 (+5)
> POET - Portland: 25 (+5)
> United Energy Necedah: -32 (+2)

Western Plants
> POET - Corning: -18 (+4)
> ADM - Columbus: -10 (+3)
> POET - Laddonia: -12 (+3)
> POET - Mitchell: -63 (+3)
> GR. Plains - Otter Tail: -54 (+1)

#basis #ag #ethanol

[HTS Commodities @HTSCommodities]

Brazil seeks Chinese approval for 33 MORE protein packing facilities for exports. 20 beef plants, 11 poultry, 2 pork RIPPER!!!!!
Brazil is the world's largest exporter of beef & poultry and has been deepening political & economic ties with China which is positive for exports. #cattle

[Karen Braun @kannbwx]

🇺🇸U.S. corn export inspections last week hit a four-week high, remaining far above seasonal averages.

Soybean inspections essentially hit a marketing-year low last week, but the volume was seasonally strong. 42% of the beans were to China.

[HTS Commodities @HTSCommodities]

Estimated CME Feeder #cattle index -$6.22 @ $367.18/cwt. Total DUMPER!!!!!! Texas direct trade was a drag on Friday.

REMINDER: Feeder & live cattle expanded exchange limits are effective today. Feeder cattle limit = $16.00/cwt Live cattle limit = $12.75/cwt

Good luck!!!!

[Peak Trading Research @PeakTrading]

🚨 Biggest hedge fund OUTFLOWS in 14 months! 📉🌽🌱🐂 Funds aggressively sold Corn, Soybeans, Cattle, Wheat, Cotton, and Cocoa last week. Better weather ☀️, lower Crude Oil 🛢️, a stronger dollar 💵, and bearish seasonal turns ⬇️ are sending money to the sidelines.

[Peak Trading Research @PeakTrading]

🚨 The agriculture exodus has started, but speculator positioning remains crowded. 📉🌽🌱🐂 Funds still hold a hefty +$21.4B net long across the complex, leaving plenty of room for further liquidation if weather ☀️, Crude Oil 🛢️, and seasonals 📅 continue to move against them.

[HTS Commodities @HTSCommodities]

The Bloomberg Commodity Index (BCOM ) is set for a DUMPER!!!! Removing war risk premiums from energy and agriculture (#corn and #wheat), and to a lesser extent base metals is pressuring the index. Next stop is 128.

[HTS Commodities @HTSCommodities]

The daily LRP quotes for the Livestock Risk Protection policy are listed below. These prices are valid until 05/30/26 at 8:25am CST. If interested, contact James Graves at [email protected] or 806.350.2400. #cattle #ag

[Susan Stroud @SusanNOBULL]

July #soybeans are up 11.2% YTD (+$1.20) but Brazilian producers have only realized 20¢ of that move. The culprit = currency

A 9.4% rally in the BRL vs USD has erased most of the board gains, leaving Brazil’s bean market struggling to keep up with CBOT

#cmdtyView
@BarchartAg

[Susan Stroud @SusanNOBULL]

Almost unfathomable: new crop #soybeans board crush is above $3/bu.

Should be fun watching crushers and exporters duke it out for beans if China ever shows up for that 25 MMT we've been promised.

#cmdtyView
@BarchartAg

[Newt Gingrich @newtgingrich]

After spending this week reviewing the Iranian war I am now convinced President Trump is on the edge of an historic victory. The real breakthrough for me came as I reviewed President Trump’s decisions and maneuvers not from the standpoint of American unilateralism but from the standpoint of the leader of a remarkable historic coalition, the largest coalition ever put together in the modern Middle East. Everyone understands that Israel is an important ally. What is little discussed is the depth of support from the United Arab Emirates, Qatar, Bahrain, Saudi Arabia and other countries in the region. It has to be sobering for the Iranian dictatorship to realize that it does not have a single ally willing to challenge the American naval blockade. Slowly, gradually, timidly, our European allies are lining up to help with the Persian Gulf and the Strait of Hormuz. A great deal of President Trump’s maneuvers against Iran make sense once he is seen as a coalition leader and not just as a unilateral American President. I spent a lot of the last couple weeks reviewing kinetic options including wining the battle of the Persian Gulf and the Strait of Hormuz and if necessary using the shocking and shattering level of force President Nixon and Secretary Kissinger used against Hanoi and Haiphong in Christmas 1972 (which both leaders believed convinced the North Vietnamese to agree to a truce and the freeing of American POWs). If this were a unilateral American campaign I could enthusiastically support a more aggressive kinetic campaign. However it is also clear it would shatter the coalition because our Arab allies are convinced Iran could still do enormous damage to their oil fields and infrastructure. Coalitions are inherently slower than unilateral campaigns. However coalitions ultimately bring vastly more power to the fight. I am as frustrated as everyone else by the pace of talking with the dictatorship but having reviewed the correlation of forces and the options available to the coalition on one side and the Iranian religiously motivated dictatorship on the other I am prepared to assert that President Trump’s coalition leadership (something almost none of his critics want to acknowledge) is within reach of an enormous historic victory. And if the Iranian dictatorship ultimately proves it is hopelessly committed to a suicidal position there will be plenty of time for a kinetic campaign of enormous power and effectiveness. Either way we are on the edge of an astonishing victory for our values and for a safer Middle East.

[Susan Stroud @SusanNOBULL]

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[HTS Commodities @HTSCommodities]

French winter #wheat condition scores declined a little from the previous week as the country is in the middle of a early season heat wave. Harvest starts towards the end of June.