Soy Update

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soy traded both sides today due to outside influence. The soy in the near term will look at the SA production estimates. The Brazilian estimates are coming down. This will open a window for the US to make sales to China. It is possible that the Chinese start to restock and US purchases should be on the buying …

Soy Update

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soybeans witnessed a lower trade today. The market is under pressure for a couple reasons. The overall demand remains weak for exports. This is due to the Brazilian exports of approx 13 mmt during March, a record. The main destination is China. The USDA numbers yesterday showed a larger carry than anticipated. This could prove important, and could …

Soy Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soy has been led higher by the old crop. Both beans and meal have been the leaders while the oil share has lost approx 6% in the past weeks. The catalyst for the strength has been concern over the recent weather in South America that has caused reductions in crop size. In addition, for meal, concerns due to …

AG TIME – Do we Have Separation?

John Walsh Grains Leave a Comment

The soy complex under pressure. The rhetoric will have us believe it is due to the tariff situation.  Perhaps. However, there is much to consider. The global soy production is going up. The demand is waning. The title do we have separation refers to the bean corn relationship. Perhaps a sea change. It is my belief the global shift has …

AG TIME – And Now We Wait

John Walsh Grains Leave a Comment

The Soy markets are biding time now. The beans have bounced a bit. This could continue with a further reduction in ratings. The bean ratings, like corn, are in a high end of the condition ratings from a historic perspective. My personal upside potential without a real problem is 865-880 basis Aug. For the record that should push Nov 19 …