Oct 17, 2026 · 22 min · 12 segments
Try the Ag marketing program for free: https://riskmanagement.farms.com/?ret...#southamerica #Brazil #Planting #Record #CFTC Despite a Super Strong El Nino, the early South American soybean planting…
And this week was a red week.
Um, I'm not surprised, uh, again, because how are we gonna continue to feed this bull? Ask yourself, between now and the end of the year, what's gonna change? Um, and so that's why you're starting to see the funds who are still very long, uh, starting to take some profits.
So, uh, we may end up revisiting those highs from a few weeks ago, um, into '27, but, um, we had the bullish momentum to go higher, but we had a disappointing Trump Z meeting.
We had a quarterly grain stocks report that was disappointing, and then of course, the fiasco and the shock from last week's USDA October, uh, Friday crop report.
So, um, we did have live cattle trade higher, and it looks like a breakout to us technically again as it formed a head and shoulders bottom formation.
The feeders didn't quite follow, [lip smack] um, but, uh, they could, uh, going into next week.
We'll get into that briefly.
And then, of course, as grain prices go lower, you don't wanna see inputs go higher, but unfortunately, crude hit a new weekly closing high.
So ended the week on a sour note, [lip smack] but, um, let's move on.
And this week was a red week.
Um, I'm not surprised, uh, again, because how are we gonna continue to feed this bull? Ask yourself, between now and the end of the year, what's gonna change? Um, and so that's why you're starting to see the funds who are still very long, uh, starting to take some profits.
So, uh, we may end up revisiting those highs from a few weeks ago, um, into '27, but, um, we had the bullish momentum to go higher, but we had a disappointing Trump Z meeting.
We had a quarterly grain stocks report that was disappointing, and then of course, the fiasco and the shock from last week's USDA October, uh, Friday crop report.
So, um, we did have live cattle trade higher, and it looks like a breakout to us technically again as it formed a head and shoulders bottom formation.
The feeders didn't quite follow, [lip smack] um, but, uh, they could, uh, going into next week.
We'll get into that briefly.
And then, of course, as grain prices go lower, you don't wanna see inputs go higher, but unfortunately, crude hit a new weekly closing high.
So ended the week on a sour note, [lip smack] but, um, let's move on.
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