Spectrum Commodities Wheat & Cattle Markets Analysis
Louise Gartner
Wheat and Cattle Markets Analysis. Commodities trading involves risk. Past performance is not indicative of future performance.
Wheat and Cattle Markets Analysis. Commodities trading involves risk. Past performance is not indicative of future performance.
November 4, 2026 - Grains and Cattle
Epizodes
Grain complex continues lower despite private sales; Democratic sweep of elections poses questions for agriculture; wheat under pressure on hopes for some kind of resolution to Ukraine/Russia war; private yield estimates coming in before Nov. 10 Supply/Demand report; rains to slow Midwest harvest but forecasts look for warmer and drier conditions next week; cattle futures lower while cash stays quiet; choice boxed beef continues to lose to select; cash feeders lower; Indiana dairy herd tests positive for H5N1.
Wheat and corn slightly higher despite weaker soybeans; export inspections; harvest and winter wheat planting progress; wars ramping up again; Russia increasing Baltic port wheat exports; cattle futures mixed; cash steady; boxed beef higher; cash feeders lower; weekly cash update.
Grains markets have a rough month; selling in stocks spills over to ag markets; rumors of China shopping US soft red winter help stabilize wheat; Europe updates grain production estimates; Black Sea war not slowing down; weather updates; cattle futures under pressure as cash slips lower; boxed beef mixed; cash feeders lower.
Wheat leads higher on China interest and strong export sales; wet weather heading to central plains and Midwest; forecasts looking at dryness returning to northern Brazil's soybean region; ERS releases Farm Expenses report; cattle futures continue their slide; new cash reporting system sees wide price variations; boxed beef lower; cash feeders higher; beef export sales decline.
Wheat and soybeans continue lower while corn finds buying; reports Russia is sending a grain vessel through Kerch Strait with a military escort; more rain headed to US southern plains; northern Brazil forecast brings dryness back; cattle futures under pressure while the cash market moves higher; boxed beef lower; cash feeders slightly higher; disruptions to normal placements and marketing expected to create market opportunities.
Soybeans continue to drag grains lower; EU, Ukraine and Russia export updates; Argentina production and export updates; cattle futures mostly higher; cash lower; boxed beef higher; cash feeders higher; another port of entry opens on the Mexican border.
Grains weaker on soybean selling; corn harvest lagging in western Midwest; update on Russian wheat exports; cattle futures struggle to hold gains after bullish Cattle-on-Feed report; cash markets higher; boxed beef higher; cash feeders lower; weekly cash update.
Grain space under pressure from active harvest and hopeful progress in Black Sea war; Southern Hemisphere wheat harvest underway; Commitment-of-Traders reports shows long liquidation; world FOB update; cattle futures hold strong; cash reporting quiet; boxed beef mixed; cash feeders firm; Cattle-on-Feed report shows large drop in placements and more evidence of heifer retention.
Lower wheat drags corn down, soybeans find buyers; export sales light for wheat but solid for corn and soybeans; active harvest weekend ahead; South American weather mostly good for row crop seeding; Southern Hemisphere winter wheat harvest underway; USDA announces grants for domestic fertilizer production; cattle futures mostly lower; cash quiet; boxed beef lower with cash feeders higher; solid export sales; Cattle-on-Feed today.
Wheat continues under pressure while corn and soybeans hold support; FOB basis gets a bump; Egypt buys non-Russian wheat; more rain headed to southern plains; cattle futures higher; cash quiet; boxed beef lower; USDA to re-open two more ports of entry on Mexican border; UDSA announcement to aggregate cash prices from 5 states to restore price transparency met with mixed reviews.
Grain space continued lower; China buys more US soybeans; USDA announces diesel fuel subsidy; NATO increases security on the eastern flank after Russia attacks vessels, US envoy again in Russia for peace talks; France updates corn production estimate; cattle futures higher while cash stays quiet; boxed beef higher; cash feeders higher.
Grain space sees more selling, stalling at support levels; good weather looks to advance harvest; seasonal outlook; cattle mixed for the day; cash firm; boxed beef mixed; cash feeders lower; weekly cash summary; holiday wholesale beef buying underway.
Grains space struggling to hold positive outlook; wars continue to add uncertainty, Russia and Ukraine exports about half of normal; markets expecting increase in US winter wheat plantings; Southern Hemisphere winter wheat harvest begins - El Nino had less impact on Australia than expected; export sales update; world FOB update; cattle markets continue higher; cash firm; boxed beef mixed; cash feeders higher; longer term outlook for 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
