The Commstock Report

The Commstock Report is a twice daily market report. 08/26/2026 If the Toothpaste wasn't out of the Tube…it is Now! PLEASE REFER TO THE BROKER COMMENTARY PAGE FOR UPDATES!! Click Above to Watch Brian's Afternoon Market Update After opening the US beef market to imports, the initials MAGA appear to mean Make Argentina Great Again. Argentina First…US cattlemen get the leftovers. When Donald Trump definitively says that beef prices were too high and he intended to lower them…you should believe him. There is the political calculation that there are more beef consumers who vote than there are cattle producers and heck…most cattle producers will vote for him anyway…he is sure of that. Cattlemen will huff and puff voicing indignation over Trumps action that will accordingly bring cattle prices down with beef prices. I told you repeatedly in previous reports that it is 2026 and something would happen cyclically that would produce a big break in cattle prices this year. Trump gave fair warning. The Trump administration, with the support of Ag Secretary Rollins, was blaming high beef prices on the previous administration like they always do. That should be good enough for many still on team Trump though the number of devoted…

08/26/2026 Click Above to Watch the Morning Market Talk Video Markets All Bulled Up on Grains, Bearish Livestock On the Grains Wheat futures led a round of buying in the grain and soy markets overnight, jumping to double-digit gains. Soyoil was the exception, as it traded sharply lower amid biofuels concerns as traders await EPA’s decision on small refinery exemptions for the 2025 compliance year. Wheat traders have come to the realization that Russia’s ag ministry plan to eliminate grain export taxes through year-end will have little meaningful impact on export volumes as port infrastructure has been damaged and attacks between Russia and Ukraine continue in the Black Sea. A surprise visit to Moscow by CIA Director John Ratcliffe on Tuesday briefly revived hopes that Washington may be trying to reopen a diplomatic channel between Russia and Ukraine, but there is little evidence yet that either Moscow or Kyiv is prepared to make the concessions needed for a broader settlement — or even for a durable truce. Ratcliffe's surprise Moscow trip is significant because Washington and Moscow are communicating at a senior level when the formal peace process has largely gone dormant. But communication should not be confused with convergence.…