More Videos Than Normal In Today’s Update–I Wanted To Keep It More Interactive Given Harvest Season Being In Full-Swing
#1 Mid-Week Market-Talk Video Commentary w/Chart Analysis & Cash Basis Discussion
#2 El Nino Update From This Week: It’s BBC, So You’re Going To Get Some Flaky Comments–But The Science & Graphics Work Well w/What We’ve Been Watching In SE Asia & South America
#3 Strait of Hormuz Update: I’m Not Singing “Peace Train” Anytime Soon Based Upon Most Accounts of Current Circumstances
#4 USDA Updates 2027 Global Beef S/D Earlier This Month: Note That More Balanced Production Numbers–Not Nearly The Excess The Market Has Been Assuming Given The Sharp Increase In US Beef Imports. Note Also The Big Increase In Mexico’s Beef Exports To The U.S….Further Evidence Suggesting Their Production Supply-Chain Has Shifted & They Have Less Feeders To Export As Live Animals vs. Two Years Ago (Due To NWS). This Allows Me To Keep My 2027 Steer Avg. Price Unchanged At $255–See Scatter Diagram Below
#5 —HEDGE RECOMMENDATIONS/HEDGE TRACKER SLIDE
9.29.26 Moved From 60% To 80% Hedged In 2026 Soybeans w/Recommended Nov. $13 Bought Put or Jan. $13-12 Soybean Put Vertical Spread…As Laid-Out In The Special Report From 9.20.26
9.25.26 Recommendation To Lock-In Cash Propane-NatGas-LP For Fall & Winter Drying Needs. Prices Locked-In Near Last Year’s ~$1.40 Per Clients/Subscribers
#6 —2026/27 U.S. Supply-Demand Matrix & Break-Even Levels—
