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Soybeans closed the first day of the week with 19 1/2 to 23 1/4 cent losses. Soybean meal closed $5.40 to $6 lower. Soybean oil futures ended 82 to 94 points lower. USDA’s Export Inspections report showed 74.83 mbu of soybeans were shipped on the week ending11/26. That was down... (full story)

Lean hog futures climbed triple digits through April, with 97 and 55 cent gains for May and June ’21 contracts respectively. Pork Cutout futures also closed higher with $0.90 to $1.40 gains. The CME Fresh Bacon Index for the week ending 11/27 fell another $3.09 to the lowest in 22... (full story)

Cotton traded 78 to 109 points lower on the first trading day of the week. ICE reported 12 more deliveries against Dec futures issued, stopped by SG Americas. MTD December deliveries were 265, (with SG stopping 232 of them). The Thanksgiving delayed CoT report showed managed money increased their net... (full story)

Corn ended November with 6 1/2 to 7 3/4 cent losses. The oldest December long is dated July 2019, with delivery notices coming up! The national average basis from cmdtyView is -0.14 with a 7 cent spread from WCB ($4.04) to ECB ($4.11). USDA reported two sales to unknown destinations... (full story)

Front month wheat futures closed the FND for December with double digit losses. CBT wheat ended 2.72% to 3.41% lower on the day. Dec CBT closed 24.25 cents above the cmdtyView national average cash price. KC wheat futures ended the session 2.8% to 3.2% lower. Dec closed 32 cents above... (full story)

Fats weakened on the first trade day of the week, but feeders found Monday strength with lower feed costs. Live cattle futures fell back 22 to 45 cents on the day, and Dec was below last weeks average cash trade. Feeder cattle closed up triple digits in Jan and 62... (full story)

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SA_LS850 San Angelo, TX Mon Nov 30, 2020 USDA Market News National Sheep Summary for Monday, November 30, 2020 Compared to last month slaughter lambs in Missouri not tested. Slaughter Lambs: Choice and Prime 2-3: Missouri: no test. Slaughter Lambs: Choice and... (full story)

Indiana’s winter wheat condition rating remained steady, according to the latest USDA Crop and Weather report.   As of Sunday, 64 percent of the crop is in good to excellent condition and 95 percent of the crop is emerged. ...   ... (full story)

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Farmers are still wrapping up corn harvest in Ohio, according to the latest USDA Crop and Weather report. As of Sunday, 92 percent of the state’s corn crop was harvested Sixty-nine percent of the winter wheat crop is rated good to excellent,... (full story)

American Soybean Association Executive Director of Government Affairs Christy Seyfert says policy priorities for presumed President Elect Joe Biden are clear. “He has noted the importance of having improvements in infrastructure, improving urban... (full story)

At the Chicago Mercantile Exchange, live cattle closed mostly lower and feeder cattle were higher ahead of the week’s direct business.  Feeder cattle had additional support from the day’s lower move in corn.  December live cattle closed... (full story)

Click to view report fvdidnop.pdf in PDF format (full story)

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CommonGround, a group of women farmers helping consumers sort through misinformation about food and agriculture, is celebrating its 10th anniversary. Southwestern Minnesota Farmer Lauren Biegler says farmer volunteers talk with consumers about... (full story)

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One of the scientists behind the development of genetically modified crops says there’s room for plant-based proteins to meet the evolving consumer interest and future demand. Robb Fraley, former chief technology officer of Monsanto, says the... (full story)

In its last crop progress and condition report of the year, the USDA says warmer than normal conditions allowed Missouri’s winter wheat planting to near completion.     Ninety – seven percent of the state’s soybeans have been harvested, two percent... (full story)

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Be advised that all my comments are my OPINION and that OPINION is based on my long term in-house model that I dubbed LAWG 647. The prices I use in my model are week ending prices, usually Friday.BTW, trading commodities is risky and not meant for those that faint at... (full story)

WASHINGTON, DC 30-NOV-2020 WA_FV103 ... (full story)

IDAHO FALLS Shipping Point Prices as of 30-NOV-2020 Provided by: Specialty Crops Market News Federal - State Market News Service,... (full story)

Good rains over the past 3 days in Argentina and southern Brazil more than offset the dryness in central Brazil soybean growing areas at least for now. Forecasts suggest the southern areas will continue to see additional moisture for the next few days while the central areas of Brazil will... (full story)

The sunflower harvest is winding down as the winter wheat crop develops in South Dakota. In its last weekly crop progress report for 2020, the USDA says 96 percent of the state’s sunflower acres have been harvested.  That’s well ahead of last... (full story)

The final weekly crop report for Minnesota in 2020 is headlined by much warmer than normal temperatures throughout November. The University of Minnesota’s Soil, Water and Climate Department says most climate stations during the month reported an... (full story)

Harvest activity in Tennessee is nearing completion.  Cotton harvest is 96 percent complete and 95 percent of the soybean crop is harvested.  Forty-seven percent of pastures are rated good to excellent.  Ninety-six percent of the winter wheat... (full story)

Arkansas harvest is nearing completion according to the final crop report of the season.  While cotton harvest has wrapped up, soybean and peanut harvest are 98 percent complete.    Heading into winter, pastures are rated 28 percent good to... (full story)

Click to view report lsddcbs.pdf in PDF format (full story)

RALEIGH Shipping Point Prices as of 30-NOV-2020 Provided by: Specialty Crops Market News Federal - State Market News Service,... (full story)

The last full week of November ended with fairly normal Michigan weather as farmers completed harvest activities. In the USDA’s last crop report of the year, corn was reported at 18 percent moisture and 95 percent harvested, ahead of last year by... (full story)

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MIAMI Ornamental Shipping Point Prices as of 30-NOV-2020 Provided by: Specialty Crops Market News Federal - State Market News Service,... (full story)

The USDA’s Risk Management Agency (RMA) says it has expanded its pilot crop insurance plan for hemp in the 2021 crop year and made other improvements. Arkansas is one of four states added and two counties in Kentucky have been added (Kenton and... (full story)

Click to view report lspdfss.pdf in PDF format (full story)

The Swine Health Information Center is working to predict disease outbreaks in swine herds well before they happen. Executive Director Dr. Paul Sundberg says the center is working with the University of Minnesota, North Carolina State University,... (full story)

Dear Traders,Like us on FaceBook!www.facebook.com/CannonTradingGet Real Time updates and market alerts on Twitter!    Front month for crude oil and natural gas is January.Front month for bonds/gold/silver/copper and most grains is March. Make sure you are trading the correct month, you can see which month is the "front month" by looking at trading levels... (full story)

NW_LS410 Des Moines, IA Mon, Nov 30, 2020 USDA Market News USDA BEEF CARCASS PRICE EQUIVALENT INDEX VALUE CHOICE SELECT Index 600-900# 600-900# Values => $198.95 $178.02 ... (full story)

The final 2020 Crop Progress and Condition Report from the USDA highlighted an improvement in Illinois winter wheat conditions. As of Sunday, 99% of the crop had emerged, four percentage points ahead of the five-year average. USDA rates Illinois... (full story)

Click to view report lsddhps.pdf in PDF format (full story)

Click to view report lsdcbbs.pdf in PDF format (full story)

Bloomberg News reported late last week that, “China is set to import more U.S. corn, with volumes for next year seen hitting the top end of market expectations and squeezing global grains prices. […] (full story)

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The head of the Rural Broadband Association says internet access will continue to be a challenge for President-Elect Joe Biden as the ongoing pandemic highlights the need for better connectivity. CEO Shirley Bloomfield says every American, no... (full story)

NW_LS901,Mon Nov 30 2020,USDA Market News,,, BEEF VARIETY MEATS - FROZEN - LDS - PRICE RANGE - WTD AVG ---------,,,,, Beef Cheek Meat trmd 70-75% lean,,,,, Beef Cheek Meat trmd 70-75% lean export,,,,, Beef Feet nails off skin on,,,,, Beef Head Meat 60-70% lean,,,,, Beef Head Meat 60-70%... (full story)

NW_LS442 Des Moines, IA Mon, Nov 30, 2020 USDA Market News USDA TALLOW AND PROTEIN REPORT - FOB CENTRAL U.S. Dollars/hundredweight (unless otherwise stated) as of 3:00 PM. TALLOW, GREASE, AND LARD Lds Price Range Wtd Avg INEDBL, TALW/GRSE FOB CENTRAL ... (full story)

NW_LS902,Fri Nov 27 2020,USDA Market News,,, USDA TALLOW AND PROTEIN REPORT - FOB CENTRAL,,,,, Choice white grease FOB CENTRAL(truck),,,27.50,27.50,B Yellow grease FOB CENTRAL(truck),,,,, Yellow grease ECB (truck),,,,, Loose lard PS and/or CP FOB PLANT(truck),,,,, Packer bleachable tallow... (full story)

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