Spectrum Commodities Wheat & Cattle Markets Analysis

Out of Office - no podcast until Oct 19

September 30, 2026 - Grains and Cattle

Grains choppy, waiting for today's Stocks/Small Grain Summary reports; rumors of China soybean demand; weather looks to improve for US harvest; US winter wheat plantings expected to increase; better rains headed to South America and east Australia; cattle futures mixed; cash steady with last week; boxed beef higher; cash feeders higher.

September 29, 2026 - Grains and Cattle

Grains take a hit on China tariff disappointment; markets now wait for Wednesday's Small Grain Summary/Quarterly Stocks reports; rains becoming excessive in plains/Midwest; cattle futures lower; cash cattle slips; boxed beef higher; cash feeders lower; weekly cash cattle and beef price summary; Cold Storage report summary; ICE raid on KS packing plant slows production.

September 28, 2026 - Grains and Cattle

Grains claw back early Friday losses only to lose them in early Monday trade; US/China summit didn't offer major news for Ag markets; good rains for winter wheat plantings; Small Grain Summary/Quarterly Stocks report on Wednesday; weekly FOB grain summary; cattle futures mixed on Friday but higher for the week; cash slightly lower; boxed beef higher while cash feeders push higher.

September 25, 2026 - Grains and Cattle

Grains under pressure this morning from reports of Ukraine and Russia agreeing to hold meetings; Iran considering phased re-opening of Hormuz; no major announcements from US/China summit; grain export sales disappointing; cattle futures lower; cash steady/higher; boxed beef slightly lower; cash feeders higher; beef export sales on the light side.

September 24, 2026 - Grains and Cattle

Grains slip on chatter of diesel, fertilizer and beef export bans - which have been denied; soaking rains and high base insurance rates create big incentives for more winter wheat plantings; US/China agree to extend trade truce for two months; cattle futures bounce back; cash steady; boxed beef lower on light volume; cash feeders lower; another border crossing to open today.

September 23, 2026 - Grains and Cattle

Grains slip on chatter US could reduce/ban diesel exports; welcome rains coming to US winter wheat regions; un-welcome rains to slow Midwest harvest; east Australia facing dry outlook, still dry in west Europe; Russia converting Baltic ports to handle grain exports but at much higher costs; cattle futures lower on lack of follow-through from Monday's sharply higher trade; light cash trade at steady prices; boxed beef higher; cash feeders lower.

September 22, 2026 - Grains and Cattle

Grains strongly higher on Chinese trade optimism, corn yields disappointing so far; weather concerns mounting for Southern Hemisphere's crops; cattle futures sharply higher on bullish Cattle-on-Feed report; cash steady; boxed beef stronger; cash feeders lower; weekly cash summary.

September 21, 2026 - Grains and Cattle

Grains higher last week and see a firm start this week on China trade optimism; war creating extensive damage to Black Sea export infrastructure; improving weather conditions for US winter wheat planting; still dry in Europe; hot and dry conditions headed to eastern Australia; world FOB update; cattle futures and cash weaker last week; boxed beef mixed on Friday; Cattle-on-Feed report showed sharp drop in placements.

September 18, 2026 - Grains and Cattle

Grains space weaker; rumors of Black Sea grain corridor but no results; solid export sales; rains headed for parched US plains; Russian winter wheat planting facing dryness in southern region; USDA increases base acres; cattle futures lower again; cash slightly lower; boxed beef lower; cash feeders higher.

September 17, 2026 - Grains and Cattle

Grains mixed in quiet trade; rains delay Midwest harvest, supporting basis; early corn yields less than expected, soybeans close to pre-harvest estimates; rains forecast for central/southern plains; Russia damages key Ukraine railroad bridge; cattle futures weaker again; cash and boxed beef slightly lower; cash feeders higher; Cattle-on-Feed estimates.

September 16, 2026 - Grains and Cattle

Soybeans lead grains space higher; US/China summit anticipation; Brazil production estimates; NOPA crush report; Black Sea grain exports running out of time; cattle futures pull back; cash cattle quiet; boxed beef firm; cash feeders slip.

September 15, 2026 - Grains and Cattle

Grains mixed yesterday; Ukraine and Russia appear to not have an agreement to avoid hitting energy facilities; crop progress; rains to delay harvest; still hot and dry in southern plains; fuel price surcharges pressuring basis; cattle futures strongly higher; cash higher; boxed beef mixed on good volume; cash feeders higher; USDA's estimate of beef imports; weekly cash summary.

September 14, 2026 - Grains and Cattle

Supply/Demand report summary; export sales; technical review of grain markets; cattle futures performing well; cash steady/higher; boxed beef mixed and cash feeders higher.

September 11, 2026 - Grains and Cattle

Soybeans lead grains higher; Supply/Demand report today; South American production estimates; weather conditions look to improve; cattle futures higher while cash stays quiet; boxed beef lower; cash feeders higher.

September 10, 2026 - Grains and Cattle

Grain space lower on wheat selling; markets waiting for Friday's Supply/Demand report; South American production estimates rising for old and new crop; STATS Canada stocks update; weather outlook; cattle futures mixed as cash trade stays quiet; boxed beef mixed on good volume; very light cash feeder volume.

September 9, 2026 - Grains and Cattle

Wheat leads grains space higher on lack of progress with peace talks; crop progress update; export inspections; cattle futures higher; cash quiet; boxed beef mixed; cash feeders lower; weekly cash summary; pasture condition update.

September 8, 2026 - Grains and Cattle

Wheat ran into profit taking last week; weekend Ukraine/Russia truce talks failed; shipping costs soaring for Russia; markets waiting for Friday's Supply/Demand report; Commitment-of-Traders report showed huge buying in grains space; cattle futures mixed for the week; cash steady; boxed beef mixed; cash feeders higher.

September 4, 2026 - Grains and Cattle

Grains open sharply lower on Black Sea export hopes, but regain much of the losses; solid export sales; Southern Hemisphere wheat prospects look good so far; cattle futures higher; cash steady; boxed beef lower; cash feeders mixed.

September 3, 2026 - Grains and Cattle

Grains under pressure after Putin suggests peace is possible; weather improving for Midwest but stays hot and dry for the plains; cattle futures lower; cash steady/lower; boxed beef under pressure with light volume; cash feeders mixed.