Monday Channel Final Bell with Alex Gade at Tredas | 9/16/24

The Final Bell

NOPA Crush Report: The latest NOPA Crush Report will provide insights into soybean demand and processing, which is critical for gauging domestic supply and crush margins. Sales to China: Recent sales to China continue to influence the markets, particularly for soybeans, as China's demand plays a crucial role in price direction and global trade flows. Basis for Corn & Beans: Basis levels for corn and soybeans have shown some variability, reflecting regional differences in supply, harvest progress, and local demand, with some areas seeing stronger basis due to export and processing needs. Weekly Grain Inspections: Weekly grain inspections are being closely monitored, as they provide a pulse on export activity and whether shipments are keeping pace with expectations for the marketing year. South American Weather: Weather conditions in South America, particularly in Brazil and Argentina, remain a critical factor. Dry conditions are raising concerns about planting progress and future yield potential, which could tighten global supplies. Charts for the Cattle: The technical charts for cattle show mixed signals, with some strength in prices, though market volatility remains high. Trends in weights, cash market movement, and seasonal demand factors are being closely watched by traders.