 Okay, we're back folks. We're talking with, I believe, Rich Anderson out of Minneapolis, Minnesota. Rich, are you there? You're back. Good morning, Larry. Good morning, Rich. Someone just posted something in the TFNN room that just literally startled me. And this Tesla is now worth more than Exxon, Chevron, Shell, and British Pemporalium combined. Can you believe that? I mean, that's just mind-boggling. Well, yeah, you know, they have a, their primary thing isn't the car, it's the battery. You know, I mean, battery storage is going to be huge for everybody. And there's going to be, you know, 20, 30 different companies coming up with electric cars. I think they're getting a little over their skis, but it's, it's, there's not a lot of float. And so the guys, they've been guys for shortness for years, and they just get squeezed and squeezed and squeezed. And, you know, it's just, it's not a game I'm willing to play. By the way, when you're talking stocks, your good friend Jeff wrote a very interesting article last night about anniversary dates and how W.D. Gann, like the anniversary dates, you might check that out. Very interesting. He's going to be our guest tomorrow. Well, perfect. Then definitely ask him about that because he did a very nice job. I think the thing that people are focused on right now in the stock market in general is do we or don't we get a package Mnuchin and Pelosi have been working, but they're almost a billion dollars apart. And then you have the two central bankers of the world, Lagarde, who's going to say today that the primary thing isn't the risk of COVID, but the risk at fiscal support disappears. And Powell is essentially going to say the same thing in the United States. So that's, that's kind of how I see the overall view of the stock market and equities in general. Okay. We had a couple of questions from Monday show that some folks asked us about it. Rich, how many different services do you take as far as a weather and information that you get from from people? I know you read incessantly, but can you tell the folks how you handle all that information? Well, you know, in this day and age, information is so plentiful that you have to pick the week from the chap. It's like drinking water from fire hose. You know, I probably get it in four or 500 emails a day. And I will scan. There's certain ones. There's maybe a dozen that I'll actually open and read everything. Otherwise, I'm scanning headlines and seeing what's of interest. And then it catches my eye, then I'll delve deeper into it. You know, it's just like when I'm scanning charts, I'm looking for symmetrical patterns and stuff like that. And you know, I'm looking for as bright skill mark used to say picture perfect, you know, if it's picture perfect, it just jumps off the screen at you. I'm not looking for this or that, but you know, it'll just click and I'll heard it or seen it a couple of other times. And so then I drill down on it. That's how I do it. So there's I mean, the world takes the world weather right now. You've got delayed planning in Paranar and Monaco. So there's the two biggest states for production of beans in Brazil. You know, there are a third behind their five year, there are a third of their five year average. And they're half of last year, which was below average. And how that how is that important because if they don't get the planes planted early, then they can't go and double crop corn is our second crop, which is 70% of their corn production. So this is a big deal down in Brazil. You know, we don't have real good weather on Brazil. We don't have real good weather. Well, we got decent weather in Brazil, but China, you know, I mean, the only things you hear about China is one like they had that 30 inches of rain that really messed up their crop maybe three, four weeks ago now. So during the growing season, I'm watching the weather here in this country and in the US Weather Service does a good job. And there's all these other advisor services that you can pay money for. But I make mainly just focus on US Weather I do not try and trade whether markets, you know, I'm just looking for major trends. I do not try and trade reports. You always, you know, hear me say that I think a bullish report is that the market close is higher after the after the ports come out. I mean, I could go through numbers of what they're looking for this Friday and this Friday, by the way, is considered a big report and can have a bunch of surprises. And what the USDA is saying the yields are going to be right now versus what the farmers are getting. There's, you know, 10, 11 bushel difference in the corn and two or three bushels different in the beans. And a one bushel difference in the beans, when we expect them to increase their exports by 125 million to put the carryover of beans under 200 million bushels. And then all of a sudden you're talking to 2015-16 prices. I mean, down in Brazil right now, they're getting like $13 for beans of $5 for the corn. So this whole world's interwoven. And then you've got over in Russia that the weed areas right now are experiencing very little rain similar to 1967-66 where they didn't really get rain until the end of October that got cold in November. You know, so you look for analog gears when you start to see pattern. That's how I do it. Well, that's really good information here. It's a long time. What about what about the situation of this report that comes on Thursday or Friday? It's a big report. And like my buddy Mark, I highly recommend you get him on next week to explain it to you. I mean, I just happen to know a lot of smart guys like you. I'm just a poor farmer. Thanks for the compliment, chief. I respect your opinion however wrong it may be. Folks, if you knew how much Rich Anderson read you, it would literally startle you. Rich, what's going on with the hog? So they still have trouble with hogs over in China? Well, they're repopulating over in China that the problem is the Asian swine flu in Germany. And so all these Asian companies that normally buy a certain percentage of their pork from Germany now have to go to another market. And guess what? Where that other market? Oh, and by the way, if they don't get the beans planted in Brazil, they can't get them harvested early. And that means that we probably have another two or three weeks of extra marketing for soybeans. And where we're the only game in town come February and March, you know, all these things are interrelated. And you got to think globally. And and China's on holiday right now. But when they come back, we expect that they probably see some more business. And it's just like when COVID started, everybody wanted to stock all their pantry so they didn't run out of food. Well, other countries are kind of getting that idea too right now, you know, that maybe we need to get some stuff bought. Mexico bought some corn the other day. There's just a lot of stuff to watch. And and you never know what the market's focused on. That's why it's important to focus on charts because the charts will tell you, it's like playing poker with a marked X, you know, the charts will tell you. You can't anticipate what happened last week when the USDA decides to go back with an administrative review and advise a crop report from a year ago. I mean, so I just don't play that game. I want to try and structure my risks intelligently. I cannot do that. If I'm going to do that in front of a report, I would buy some weekly options. It's stop insurance, but I don't play that game. But if I were to play it, that's how I would play. Have the option premiums probably been exploding too, in the grain markets? And before every report, apply volatility goes up. And then as soon as the report comes out, no matter whether it's bullish or buried, volatility will drop one or two bottles. Stay with us. Stay with us till after the break. Okay, please. All right. You bet. You bet. Rich Anderson folks, Anderson Capital Management. Okay, folks, we're talking with Rich Anderson at Minneapolis, Minnesota. Rich, two things. First of all, how is the situation for the political environment up there with defunding the police? Any news on that front? No, everybody's focused on the election and everybody on both sides wants people to get out to vote and vote early. The City Council of Minneapolis is all powerful. It's a weak mayor system. Even the mayor understands this is not a good idea. The people that live in these communities understand this is not a good idea. It's just a few of these young millennials that got elected as City Council people think they know everything and they unfortunately don't, so that's the big problem. You have to have faith in the people that think they'll eventually work out. Our system of government has been based on rules and property rights, and we need to continue that if we want to experience the successes and growth that this country's experienced over the last 200 years. Yeah, and that's the truth. Rich, I posted a chart in the room for the Treasury bonds. I mean, we've talked about negative interest rates and they've certainly gone anywhere, but negative lately in the Treasury bond rates have been going down now for about six weeks, and we've made your support here at the 78% level at 173. You have a feeling on what the bonds are going to do over the next three to four weeks? Well, one of my observations on market patterns in general is that these markets like to retest highs and lows, the bonds are retesting a low and the failure to the bear camp to push the market through that low will tell me that enough's enough and then the traders will come in and they'll reverse it, they'll take it back up. So I'm watching that with keen interest right now. John Hill, I think used to call it like a flush and rinse, where they take out a point and they can't follow through and then it reverses and that's what's kind of going on in the bonds right now, but it's still early in the day and that's the one to keep an eye on definitely. You know, that's going to probably have some implications into the election because of the fact that the Fed's doing so much. These little games that they're playing with everybody, it's really amazing. We used to think that Greenspan was bad, but my goodness, these guys are pumping money into it like we've never seen before. So I guess there's going to be an end to it someday, but who knows? By the way, Rich, do you have a someone's asking the question here in the den? Do you have an opinion of how the election is going to turn out? Not so much on the presidential race, but as far as the senatorial things, do you have a feeling on that? Well, I mean, you see these polls, but you know, the polls have been off before Brexit, the last presidential election, and so they're talking about a blue sweep right now. It may actually very likely may happen, but there could be very well be a surprise, and I wouldn't be surprised if we have a split between the Senate and the House. The House has a high probability of staying controlled by the Democrats, but I would think there is a better and even chance that the Republicans will somehow prevail in the Senate. But it'll be interesting. It's all who shows up at the polls. There's been voting here in Minnesota for weeks now by mail. And you know, I mean, the State of Michigan has just said that you will count ballots that have been mailed two weeks after the election. Give me a break. I don't understand that, but then I'm not a judge, you know. Yeah, we've got we'll get off the politics now. But I had, you know, someone asked the question. I figured they were kind enough to ask it. We should answer it. But Mr. C is asking about winter wheat over in the U.S. and in the Black Sea area. How bad are the conditions over there, Rich? Well, the Black Sea area, I mean, a weather forecast by the name of Jude Lerner, Lerner wrote an article last week about how it's comparing to 1966. So it's a pretty big deal over in Europe. It's less of a deal here in the U.S. It's more of a big deal over there. But you always look at what the, what are the cash markets doing? What are the spread markets doing? What do they tell you? And the cash markets are telling you that their strength. You know, I'm surprised that you can see the grains making new highs before this report on Friday. Since 1990, I think there's been 15 years when the USDA lowered its crop from August to September. But only six of those years continue to lower the crop from September to October. Now that doesn't, that doesn't mean they were right. You know, the yields are coming in way different than what the USDA is forecasting. But they piece out, they decide how they're going to piece that information out. And once the report's out, those are the numbers you're dealing with until the next report. So even if you think that they're wrong, it doesn't matter. That's the numbers you're trading. That's why I don't play that game. Yeah, I see that. Rich, has the USDA now, they've really improved the way that they, you know, because they use drones and everything now, don't they, as far as picking out what these crops are doing? Is that correct? The professional traders use the drones. The USDA's had budget cuts just like everybody else. They aren't necessarily, you know, on the cutting edge. Unfortunately, that's just the way it is with the government. I mean, look at England, their Excel spreadsheet, it was full, and so it didn't count 16,000 COVID cases. You know, governments, whether it be here or England or any place, you know, are not necessarily always on the cutting edge because they're so big and they need so much. And then you have balancing budgets and they do the best they can. Yeah, I know science companies. But Cargill and all the green companies, they got the drones, they got the satellite, they can tell you within a half a push of what something's going to be from a satellite picture. Rich, I remember about 10 years ago, we were back in Indiana. I was taking Sarah back to meet Dr. Ruth and my sister and stuff. And we got stuck in one of, it was around July, and we got stuck in one of these cornfields where it was high as an elephant eye. And I couldn't see the markings on the road because it's so flat. And I actually got lost. I had to use the GPS to find the highway from where I used to live. I mean, that was really embarrassing. They never let me forget that. But anyway, listen, I want to thank you for being on today, pal. And we'll have you on again in a few weeks. So keep us informed of what you see going on. And as you always do, flash me something that folks are interested in, and I'll pass it on to them. So be safe, my friend. Keep in mind, it's kind of like the pantries, you're going to the store and all of a sudden the shelves are empty. These countries don't want to have the shelves be entry. So they're creatively buying stuff because they know China's buying and we've got these weather situations. That's what's going on. You have a great day. Trade well. Thank you, Matt. Thank you, folks. Rich Anderson, Anderson Capital Management, Minneapolis, Minnesota. Okay, folks, now we're back in the markets here. We're trading at $33.95 and the S&P. We had a nice little run here about 50 points up and 50 points down in the NASDAQ, which is nothing unusual. We went from $14.40 up to $14.80 and $14.80 down to $14.30, so we moved 110 points while we were taking that five minute break. So nothing happening there. The crude oil is back at the same level at the $40.67. We're now trading at $40.71. That's the first sign that this might not work. We'll be right back, folks.