October feeder cattle, $3.48, $3.32.50 per hundredweight, up $2.22. November feeder cattle finished the day up $1.20, closing at $3.48, $3.12.50. Now for a look at what's driving these markets, we turn to Grayson Close in the Louisiana Farm Bureau Marketing Association.

The big story was crude oil coming back up, which helped soybean oil, which in turn helped soybeans.

Iran conflict kind of rearing its head again as some headlines came out that the Trump administration may resume attacks on Iran in the coming weeks leading up to the midterm elections.

But our Trump administration not really committing one way or the other to that.

So that's something to watch out for, the political saber rattling that's going on.

Market's really bumping up a little bit after export sales report yesterday.

We did not see a sales report export flash of soybeans this morning, but we did see one of corn.

Markets

really shrugging off a lot of bullish news that should have helped pick up, but just again, not really reacting to what's going on at this point.

Saw a flash sale of exports to China.

It was a very big amount.

But again, markets just kind of looking at that as normal business at this point.

Export inspections yesterday were slow for corn, but really strong for beans.

And so that's what the market's really looking at right now.

Louisiana Farm Bureau grain marketing specialist Grayson Close says the market remained lower at midday today.

Export sales, uh, yesterday from the USDA were pretty slow for corn, but about normal for soybeans.

That's nice to see.

China's just not in our market for corn right now.

They really don't have a need for it, and they're not really buying at this point.

But beans were good.

They see a lot moving to there.

Louisiana Farm Bureau Green Marketing Association market analyst Grayson Close.

Well, corn is down quite a bit and beans are up slightly after the USDA published their latest stocks report from this morning.

Saw more corn come in and less beans than was expected to see from, from any of the trades.

So maybe harvest is bigger.

Did see a flash sale, uh, of exports this morning, uh, to unknown destinations, so that was a good thing to see.

We're gonna continue to hope to see that, uh, as we move along through the marketing year.

Weather really a non-issue at this point as well.

While it helps, Close as margins are

still getting squeezed.

We did see that big jump at the end of August from the pro farmer tour with them estimating U.S. yields lower than the previous USDA estimate.

And then USDA affirming that, that's kind of put prices in a better position.

But with higher input costs where they're at now, it's just not enough at this point to make up the difference.

One bit of good news is that China continues to fill its commitment to buying U.S. soybeans, which is helping to keep the price up.

I think it is good news.

It's a show of good faith at this point.

October live cattle, $2.1565 per hundredweight, down $2.80. December live cattle, $2.1625, down $3.95. September feeder cattle, $3.3482.50 per hundredweight, down $3.65. And October feeder cattle, $3.2437.50, down $5.27.50. Now to get some perspective on why there was not a whole lot of movement in the markets, we turn to Grayson Close in the Louisiana Farm Bureau Marketing Association.

Not a lot of fresh news to make the markets want to pick up and move.

Export sales for the last week were pretty slow for corn, but pretty good for beans, so kind of helping the markets at least stay where we're at at this point, given the current USDA numbers that we have to work with.

Not much going on in the headline world, just some reignited concerns or Ideas about a Russia-Ukraine truce agreement coming on, which kind of pushed wheat into the negative territory, but not too much as those have been tossed about here in the last few weeks a lot.

So I think the market's kind of got headline fatigue with that at this point.

Nothing new on the Strait of Hormuz either at this point.

So we're going to keep watching Midwest weather as some of their crop is still finishing out, but harvest is starting to advance northward.

The best thing that the administration can do... is to reduce the volatility in the marketplace.

Louisiana Farm Bureau grain marketing specialist Grayson Close says the markets at midday are steady to higher.

Corn's steady right now.

Uh, beans are up a little bit.

Wheat timidly up as well.

Not fresh headlines moving in.

Uh, USDA estimating good to excellent conditions.

Pretty steady week over week yesterday, so we're gonna watch that to see how things go moving forward.

Soybeans

are double digits at this point.

It helped buy soy oil announced from the EPA, pushing biofuel mandates out to the next two years from the last year.

So more demand for soy oil, which is going to make more biofuel, which in turn means there's going to be more demand for whole soybeans.

So that's a good thing right now that we're looking at, and it's helping push So it'll be well over the $13 mark at this point.

Also helped overnight by a tax on two tankers in the Straits of Hormuz.

So that's got oil kind of pushing up further as well today.

Brazen closed grain marketing specialist in the Louisiana Farm Bureau Grain Marketing Association office says the markets in midday are steady to lower.

Corn a little bit higher, higher overnight, but beans kind of falling back off recent highs.

Profit taking going on today.

Geopolitics still driving the markets, but the oil's taking a break, and so is the commodity markets at this point.

Export sales for old crop were decent for corn and soybeans.

They were really strong for new crop.

That's something that the trade's gonna watch for going forward as the USDA marketing year is winding down, and we'll start the next one, uh, in the next few weeks.

Grayson Close, grain marketing specialist for the Louisiana Farm Bureau Grain Marketing Association, says the markets at midday today are a bit lower.

Has the USDA report tomorrow at 11:00.

We'll get an update on carryouts in old crop and new crop.

Also gonna get a look at yield from, for new crop and production, what the USDA thinks the US is gonna produce this year.

Nothing set in stone at this point, though.

Uh, export inspections were strong for corn and okay for beans.

Did see a flash sale of beans to China for new crop this morning, but that's not helping the markets in the face of weather.

Grayson Close, grain marketing specialist with the Louisiana Farm Bureau Marketing Association, says the markets at midday today are showing a dead cat bounce after being higher overnight.

Not a lot of headlines, uh, making any progress there at this point.

Nothing new on Iran or the Russia-Ukraine as well.

Russia-Ukraine still closed the Black Sea down and firing on each other's ships.

Export sales last week were s- pretty slow for beans and slow for corn as well.

Seasonal slowdown as southern harvest comes online and we start to see, uh, some, some more demand moving in.

We did see some flash sales of soybeans to China pretty much every day this week, so that's nice to see.

Committee Chair John Bozeman with Arkansas says now is the time to get this done.

In order to get a farm bill done, uh, we need to act this week or we run out of time.

So this is an important vote.

Everybody talks about helping farmers and, you know, how difficult it is for them.

This is an opportunity for everybody to step up and provide the votes.

We'll get through the, uh, get through the markup.

We'll have it out of committee.

What's making that happen?

Right, Grayson?

Russia-Ukraine headlines actually made their rounds again.

A lot of conflict going on over there.

Ships being attacked, according to some news wires, purely blocking the Ukraine's effort to be able to export grain at this point.

So wheat was obviously the big favor of that and then pulled corn and soybeans up with it.

It's contrary to what's been going on this week as far as the grain markets are concerned.

We're seeing better weather forecast across the Midwest, and the grain takes the attitude that rain makes grain.

And Grayson, on Monday, everything really did close significantly higher.

nice rally in the markets.

It just shows what the weather can do.

We're looking at a hot, dry stretch across a big portion of the Midwest, so we're building a weather premium in the markets currently.

Hopefully, we continue to see this and get these markets back up to where we need to be, at least to give people the opportunity to book some stuff and get some stuff sold at higher levels than we've seen in the recent past.

That followed with an announcement from a headline that President Xi of China would be coming to the White House towards the end of September, hopefully to reestablish a good relationship and get trade back on track with them.

We'll see about that, how things go, as details emerge about that meeting in the coming weeks and months to follow.

But Grayson Close with the Louisiana Farm Bureau Marketing Association had this analysis of the markets right after they closed.

Saw higher markets when we came in, only to close a little bit lower unchanged for most of the crops.

Some of the heat still weighing on the markets at this point as we're watching how that develops.

If any rain comes across the greater growing area of the U.S., the Corn Belt in particular is what we're looking at at this point.

Drought monitors showing some alleviation of drought with rains that have recently fallen.

So that's something that we're going to watch out for going forward now that the June 30 Planet Acres report is behind us.

We're going to keep watching weather to see how things shape up.

And Grayson, why are we seeing all this green on the board?

follow through from buying from yesterday technically from traders as there's some speculation about heat that's settling in over a big portion of the corn belt at least through this weekend.

How long is that going to stick around? What's that going to do to yield potential? Now that all the major reports for the year are behind us, we just have monthly supply and demand updates from here on out.

We're kind of in the weather markets now watching weather, see how things are going to shape up, what kind of growing conditions we're going to be looking at going forward.

Those conditions ratings on Monday afternoons from the USDA are going to be more crucial now as we go forward to see how the crops develop and if we're going to have any potential hot spots, any kind of off-trendy yield going forward so that's what we're watching out for at this point not expecting to see any of that right now we're on track to have really good yields uh we just need demand to pick up and we have seen some demand come back into the focus uh here recent we'll see tomorrow when export sales drop from the usda what kind of sales we actually saw for the week over week

And Grayson, what exactly did we see in that report?

Showed picking up only 5,000 acres of corn and 665,000 acres of beans.

So that's quite a Quite a bit more over the marching tensions, especially in the bean category.

Stocks came in as the trade was expected to see.

So that was not a big shock to the market.

But I think the acres thing was kind of a question mark.

And the markets did pick up initially and then kind of came back to close, you know, just over unchanged from yesterday.

He's got news about two reports that are coming out at 11 o'clock today from the USDA.

They're going to give us the planted acres report, expecting to see more corn acres and maybe less bean acres, but it's not going to be a huge shift.

At least that's what we're hearing at this point.

And also the stocks report will be out from the USDA as well at that same time.

So any kind of tightening of stocks or expansion of stocks when we haven't shipped as much could play with the market as well.

Export inspections were pretty strong for corn, pretty normal for beans.

Corn's still ahead of pace to meet the USDA current projections.