Group 1: Market Overview - The National Corn Index tends to rally approximately 5% from the last weekly close of November through the final weekly close of February, while December futures show minimal movement [1] - The USDA's global ending stocks estimate for the 2025-2026 marketing year is 279.15 million metric tons, down from 281.34 million metric tons, indicating the lowest stocks-to-use ratio in 13 years [3] - The National Corn Index was priced at $4.0370, indicating a bearish fundamental situation compared to the previous 5-year and 10-year averages [4] Group 2: Supply and Demand Dynamics - The U.S. is on pace to ship 4.5 billion bushels of corn during the 2025-2026 marketing year, a 67% increase from the previous year [4] - The May 2026-July 2026 corn futures spread covered a bullish 28%, indicating concerns about sourcing supplies to meet demand next spring [8] - The corn market could see a solid seasonal winter/spring rally based on supply and demand fundamentals [7] Group 3: Investment Sentiment - Confidence in the corn market remains strong, with corn viewed as a good investment opportunity [5] - The selloff in the futures market suggests that funds have likely reduced their net-long futures position, which could influence buying interest in the upcoming quarters [9] - The structure of the corn market supports a bullish longer-term view despite current bearish fundamentals [8]

Our next speaker, Mr. . Jaden Pier, will present his talk titled The Chaos Theory of Life. Jaden Pier, a grade 12 student, is an Avid researcher, reader, and the school's cultural secretary.Jaden uses his passion for writing and speaking to explore ideas that inspire reflection and change. In his talk, he addresses the growing sense of apathy among today's youth and reminds us that every action, however small, holds meaning. His words encourage us to rediscover purpose, compassion, and the belief that what ...

Group 1: Boxed Beef Market - Boxed beef prices reported by USDA have been declining, with choice beef down nearly $40 and select beef off more than $30 since September 5, despite high retail prices [1] - The average cash price for cattle in the southern US has held near $240, recently slipping to $237, while the nearby October futures contract is priced at $232, indicating a bullish basis of $5 over [2] Group 2: Inflation and Trade Policy - Inflation remains a significant issue in the US, influenced by trade policy, regardless of government reassurances [4] - The soybean industry is not significantly affected by Argentina's export tax changes, as the demand for US soybeans remains stable despite claims of necessity from some industry members [6] Group 3: Federal Reserve and Market Reactions - Following a 25-basis point rate cut by the Federal Reserve, the US dollar index initially fell to 96.22 but closed higher, indicating market volatility in response to monetary policy [8] - Fed Chairman Powell's comments on inflation and job concerns were not surprising to the market, suggesting a cautious approach is expected [9] Group 4: Tyson Foods and Corn Market - Tyson Foods announced it would stop using high fructose corn syrup in its products, which is not expected to collapse demand for US corn, as indicated by the bullish May-July futures spread [10] - The May 2026 corn futures contract is priced near $4.5075, showing a similar market structure to the previous year when funds built a net-long position [11]