Lakefront Futures

Introducing Lakefront Briefing: Designed to break down important reports and how they move markets, delivered to your inbox or via text minutes after they release. Sign up now (for free) by clicking this link ⬇️ lakefrontfutures.com/briefin…

🐄 USDA Dairy Products Sales 🧈 Butter: $1.36/lb (↑0.9¢) 🧀 Cheddar: $1.42/lb (↑3.1¢) 🥛 NDM: $2.05/lb (↑5.8¢) 💧 Dry Whey: 73.7¢/lb (↑1.2¢) read more at lakefrontfutures.com/briefin…

The CFTC announces plan to begin posting twice-weekly Commitment of Traders report starting in December. One at 2:30pm CT on Wednesdays and the other at 2:30pm CT on Fridays.

Ethanol Production Production: 1.118 mb/day Weekly Total: 7.826 mil bbl Stocks: 24.523 mil bbl Corn Used: 110.67 vs 107.67 needed read more at lakefrontfutures.com/briefin… #Ethanol #EIA

EIA Energy Stocks Refinery Rate: 92.8% Crude Oil: 410.6 (-1.9M wk, -5.3M yr) Gasoline: 209.2 (+3.9M wk, -1.6M yr) Distillate: 102.8 (-1.5M wk, -9.4M yr) ULSD: 91.1 (-1.8M wk, -10.6M yr) read more at lakefrontfutures.com/briefin… #CrudeOil #EIA

Lakefront Morning Briefing 10/28 #Corn: Dec corn up 2 1/4 overnight after closing at a 3 1/2 month low of 448 3/4, below 450 support. Open interest rose 18,872 contracts on the break and Dec is down about $1 over 2 months with the 9 day RSI at 13. Next major support near 430, resistance at 460 on a bounce. #Soybeans: Jan beans up 4 3/4 overnight and still holding Monday's 1239 low, a key pivot. Parana planting is 62% complete vs 71% last year on wet weather, and first notice day for Nov soybeans is Friday. A close below 1239 points to 1220, resistance at 1262. #Wheat: Dec Chicago wheat up 1 1/4 after a new move low below 610 overnight, with stochastics in single digits. US attache reports raised Argentina and Australia production above USDA's October estimates, and southern Plains rains are due this weekend. Watching 610 for a bottom, support at 606, then 603 1/2. #Livestock: Dec live cattle closed at 230.82 after stalling near 232.65 resistance, and a close over 233.00 is needed for new buying. Boxed beef cutout up $2.78 to $372.22. Dec hogs closed at 62.02 after a 6 year low as cash fell nearly $10 this week, with pork cutout at $73.12 and next support at 60.90.

Lakefront Morning Briefing 10/27 #Corn: Dec corn down 1/2 overnight after the US attache pegged Argentina's 2026/27 crop at 62 million tonnes vs USDA's 55 million. Harvest is 60% complete with Iowa 20% behind average, and good to excellent ratings held at 56%, a record low for the date. Dec corn tested 450 support yesterday: a close below points to 430. #Soybeans: Jan beans up 4 3/4 overnight, with open interest down nearly 90,000 contracts over 4 sessions on long liquidation. Harvest is 79% complete vs 77% average, and the real's roughly 11% drop since Friday boosts Brazil's competitiveness. Jan beans resistance at the 1263 gap, support at 1239, then 1220. #Wheat: Dec Chicago wheat unchanged overnight after another new low, with the break since early September reaching $1.83. Russia says US, Ukraine and Russia talks begin in Abu Dhabi in November, while private analysts cut Russia's 2026 wheat exports to 29 million tonnes vs USDA's 40. Value in the 610 to 620 range, support at 608 1/2, then 603. #Livestock: Dec live cattle closed at 231.20 after hitting its highest since July 10, and a close over 233.00 is needed to clear 232.65 resistance. Boxed beef cutout up $3.65 to $369.44. Dec hogs closed at a new contract low of 64.65 as national base cash fell $7.94, with the lean hog index at 71.16, lowest since January 30, and support near 64.00.

Crop Progress: 🌾 Corn harvest 60%, behind 66% avg 🌱 Soybean harvest 79%, ahead of 77% avg read more at lakefrontfutures.com/briefin… #cropprogress #usda #nass

USDA Weekly Grain Export Inspections #Soybeans🫘: 90.994 mbu #corn🌽: 24.614 mbu #wheat🌾: 6.754 mbu lakefrontfutures.com/briefin… #USDA #exports #exportinspections #grains

📊 Reports Coming Out This Week (Oct 26–30) Stay informed by subscribing to lakefrontfutures.com/briefin…

Lakefront Morning Briefing 10/26 #Corn: Dec corn down 3 overnight at its lowest since July 10 after Lula's surprise win in Brazil sent the real sharply lower, making Brazilian corn more competitive. Managed money net long dropped just over 84,000 contracts to 146,000, a 3 month low. Dec corn failing to hold 450 opens the 430 to 437 support area. #Soybeans: Jan beans down 17 1/4 overnight, gapping to a new 2 month low as the real crash cuts US export competitiveness. Open interest fell 30,543 contracts Friday and managed money sold across the soy complex in the latest positioning data. Jan beans gap resistance at 1263, intraday support at the 100 day near 1244, then 1220. #Wheat: Dec Chicago wheat up 1 overnight, stuck in a 10 cent range for several sessions. Managed money extended their net short to a 15 week high of just over 51,000 contracts while Black Sea peace prospects and southern Plains rains cap rallies. Value in the 610 to 620 range: resistance at 633, support at 617 and 610. #Livestock: Dec live cattle closed at 231.12 with a higher start expected after September placements came in at 87.9% of last year, the lowest since records began in 1996. Cutout fell $3.68 to $365.79, but the trend points higher with Dec live cattle resistance at 232.65, then 235.30. Dec hogs closed at 65.57 near contract lows with the lean hog index at 72.15, lowest since January 31, and long term support near 64.00.

Commitments Of Traders Disaggregated Futures & Options Combined Read more at lakefrontfutures.com/briefin…

🐄 USDA Cattle on Feed October On Feed: 99.6% On Feed Million Head: 11.372 million September On Feed: 100.8% On Feed Million Head: 11.168 Placements: 87.9% Marketings: 93.4% read more at lakefrontfutures.com/briefin… #CattleOnFeed #USDA

🐖 USDA Hog Slaughter Head: 2,615,000 vs Last Week: +2.4% vs Year Ago: +1.5% read more at lakefrontfutures.com/briefin… #Hogs #LeanHogs #USDA

🐂 USDA Cattle Slaughter Head: 546,000 vs Last Week: −1.3% vs Year Ago: −4.7% read more at lakefrontfutures.com/briefin… #Cattle #LiveCattle #USDA

Lakefront Morning Briefing 10/23 #Corn: Dec corn down 1 3/4 overnight after failing to confirm Wednesday's reversal, with open interest down 9,943 as fund long liquidation continues. Weekly export sales were 1.53 million tonnes, but cumulative sales sit at 26.7% of USDA's forecast vs a 36.1% average. Resistance at 471 then 479, support at this week's low just under 454. #Soybeans: Weekly export sales hit 2.84 million tonnes, about three quarters to China, and China/Unknown has bought 1.32 million tonnes this week. Open interest fell 25,700 with stochastics on the cusp of turning higher from deep oversold. Jan beans resistance at 1272 then 1284, and Sunday's Brazil runoff could lift the real and support beans. #Wheat: Dec Chicago wheat down 1/2 overnight with the RSI under 20, extremely oversold, but no technical bottom yet. Southwest Plains rains and big Argentina and Australia harvests weigh, and Turkey's crop is forecast up 38% to 24.8 million tonnes. Value in the 610 to 620 range: resistance 649, key support 617. #Livestock: Dec live cattle bounced off 200 day support to close at 231.12 ahead of today's Cattle on Feed, where placements are expected at 91.7%, the lowest September on record. Cutout fell $3.12 to $369.47. Dec hogs closed at 65.52 after new contract lows, with the lean hog index at 72.82, lowest since Feb 2, and long term support near 64.00.

Weekly Natural Gas Storage: 3,644 Bcf ↑ +77 Bcf on the week ↓ −152 vs last year (−4.0%) ↑ +35 vs 5-yr average (+1.0%) read more at lakefrontfutures.com/briefin… #NaturalGas #EIA

Lakefront Morning Briefing 10/22 #Corn: Dec corn up 3/4 overnight after finding buyers in the 450 to 460 support zone yesterday for an upside reversal, with the 9 day RSI under 20. Brazil's corn shipments to the EU so far in October are up 8 fold from a year ago, and private analysts cut Ukraine corn exports 18% to 17.2 million tonnes. A higher close today confirms the reversal: resistance at 479, support below 459. #Soybeans: Jan beans up 1 3/4 overnight after an 8th straight lower close, with soybean open interest down 16,727 contracts on managed money liquidation. China bought a few more cargoes and this morning's export sales should be very large. Harvest yields are still coming in strong, so any bounce is technical: Jan beans stopped short of support near 1243. #Wheat: Dec Chicago wheat down 1/4 overnight and Dec KC wheat down 2 1/4, pressured by Black Sea peace prospects and 1 inch plus rains due for the southwest Plains. Chicago wheat open interest rose 9,817 contracts as new shorts pressed, and Argentina's wheat harvest was raised to 23.8 million tonnes from 21.0 last month. No technical bottom yet: resistance at 649, key support at 617. #Livestock: Dec live cattle made new highs for the move and closed at 231.12, up more than $20 since Sep 1, with yesterday's high just under 232.65 resistance. Overbought ahead of Friday's Cattle on Feed, placements estimated at 91.7%, so expect profit taking. Dec hogs hit a new contract low as the pork cutout fell $4.49 to $74.20, a 6 year low, with support near 64.00.

USDA Weekly Grain Export Sales #corn🌽: 1,527,122 MT #Soybeans🌱: 2,841,199 MT #wheat🌾: 239,627 MT Corn pace 26.7% of USDA est vs 36.1% 5yr avg Beans at 58.0% vs 47.0% 5yr avg read more at lakefrontfutures.com/briefin… #USDA #exports #exportsales #grains

Ethanol Production Production: 1.094 mb/day Weekly Total: 7.658 mil bbl Stocks: 24.558 mil bbl Corn Used: 108.29 vs 107.74 needed read more at lakefrontfutures.com/briefin… #Ethanol #EIA