Corn:
– Corn production forecast: 1.846 billion bushels (up 34 million from September)

Wheat:
– Wheat production forecast: 1.959 billion bushels (lowest estimate)
– Winter wheat production forecast: 1.360 million bushels
– Spring wheat production forecast: 535 million bushels (down 9 million from August)

Soybeans:
– Soybean production forecast: 347 million bushels (up 7 million from September)
– Soybean futures support at $10.11.75/bushel
– Soybean oil futures support at $43.32/cwt (100-day moving average)

Cattle:
– Cattle slaughter: 120,000 head (revised up from 107,000 on Monday)
– Carcass weights: Up 3.1 lbs from the previous week
– December cattle futures resistance at $184.70, then $187.00

Other Metrics:
– Coffee production: Colombia expects 13 million bags (up 15% from last year)
– Cotton: Hurricane Helene expected to make landfall as Category 3 storm
– Sugar: Unica report expected to show 6% production decline in the second half of August
– Natural gas: EIA storage report expected to show 53-57 BCF injection
– Stock index futures: Dow futures at new record highs (As of yesterday)
– Interest rates: 42% chance of 25 bps Fed rate cut in November, 58% chance of 50 bps cut
– Hog slaughter: 87,000 head (revised down from Monday)
– CME Hog Index: $84.29/cwt (down $0.07)
– Pork cutout value: Down $0.18

Disclaimer: The risk of loss in Commodity Interest trading is substantial. Past performance is not indicative of future results. Any content presented should be viewed as a solicitation and an inducement to conduct business with AgOptimus. The market information presented is believed to be accurate as of the time of publication. Trading and investment decisions should be made at your own risk and only with risk capital. Be advised the views and opinions expressed herein do not necessarily reflect the current views or positions of AgOptimus and are subject to change at any time.