Introduces Oliver Sloup from Blue Line Futures and notes he doesn't have his biker helmet on yet.
Host
Oliver Sloup
Previewing highly anticipated USDA report with potential yield adjustments for corn and soybeans, plus ending stocks and quarterly stocks data.
Asks if USDA could lower corn yield again given historical pattern of reductions.
Host
Oliver Sloup
Confirms that's the expectation - market is trading expectations of 182 bu/acre for corn and 52.7 for soybeans.
Asks if China buying over 12 million metric tons of soybeans could be positive regardless of report.
Host
Oliver Sloup
China back in market is positive and supportive. After report, will watch South American weather and US planting intentions.
Asks about cash market expectations for packers spending more money.
Host
Oliver Sloup
Market appears fairly valued now. Volatility has decreased significantly from November levels.