Monday 28th
Last Day of the Month
Last day Trading Feb. Cattle

Ag. Forum Est. for 22-23 acreage
Corn 92 mil vs 93.4 yield 181
Beans 88 mil vs 87.2 yield 51.50
Wheat 48 mil

As of Friday settlements my crop ins. est:
Corn 586.75 and Beans 1432.50

Dec. Corn / Nov. Beans ratio 2.440

First time in 4 weeks soybeans closed lower for the week
AND closed below there 4 week avgs.
Corn also closed under there 4 week avgs too.
But the rumor sell the fact (Russia/Ukraine conflict)
Charts don’t look positive the last 2 day trade. This is how possible tops form.

If you were pro active and did buy some puts.. GREAT.

4 week avgs.
May Corn 663.50 July Corn 657.75 Dec. corn 605.50
May Beans 1619.25 July Beans 1609 Nov. Beans 1456.25

Cattle On Feed
Feed 101%         Est. 100.7
Placed 99%         98.6%
Market 97%         97.1%
Looks as a non event report

April cattle:
3 month avg 142.17 and 6 month 136.57
200 day moving avg 139.52
MHO support 139.90-139.00

June Cattle
MHO range
142.65 resistance and support 134-133.50 

Be Safe
Feel free to call with any questions
Scott Capinegro