The Soy Complex: The Soy Complex looks to start higher tonight. The soy has been and will be led by meal. The weather in Argentina has participants worried that the global supply of meal will be hurt given the weather scenario. This is overblown, but the market will rally until a comfort from rain is received. The reality in my …
Grain Spreads
Soy Complex Despite a bearish WASDE report Thursday from the USDA that showed a rise in soybean ending stocks by 60 million bushels, beans remain resilient. The rise in ending stocks is a direct result of a cut in exports by the USDA as China continues to shun the US favoring Brazilian bean cargoes instead. However strength in soy meal …
South American Grain Weather from WxRisk.com
For the complete South America Grain Weather Report, CLICK HERE. SUMMARY: LA NINA still kicking … Bias towards rains underperforming in ARG and east central Brazil MJO still moderate as it goes into Phase 8. Again this sets up bias for Below Normal rains over ARG, Above Normal for Brazil especially east central Brazil. MJO 8 tends to counter impacts of …
US HRWW Grain Weather Issues from WxRisk.com
For the complete US HRWW Grain Weather Issues Report, CLICK HERE. SUMMARY: LA NINA still kicking … Bias towards BELOW NORMAL (BN) Rains Plains/ WCB Jet stream pattern of shallow trough over North Rockies/Upper Plains/Great Lakes favor BN temps there / some BUT also favors Wet pattern for Delta, Deep South and lower WCB NO threat of any Arctic Air …
Ag
Not much to say. This is way out of line so take advantage of it. The soy complex rallying. Funny !!!! We have more beans in the world than ever before. We have more oilseeds in the world than ever before. What moves the markets now means 0000. Correct zero. usually don’t do this. And really don’t have a dog …
Grain Spreads – Minneapolis Wheat Futures Spread 2018
Last year this spread traded to a six cent carry to a 90 cent inversion. That’s a $4800 move with one spread. I suggest buying this spread on two fronts. 1. Technically we filled a gap this week from the breakout that began last spring. The spread ran out of sellers at a 6 cent carry and we have seen …
Heads or Tails? Silver Futures
Silver Futures I have turned my attention to the silver market ,to some great lengths I might add, and in doing so I am left with both a bullish and bearish outlook. That’s a tough one to wiggle outta. Thankfully there are strategies that allows one to capitalize in the event of either outcome. To do this …
Livestock Report
Live Cattle The April Live Cattle contract gap opened lower (124.55) on Tuesday, February 6, 2018 and recovered, rallying to test resistance at 125.50, making the session high at 125.625. It wasn’t able to hold the high and it broke down and traded down to make the low for the day at 124.30. The rest of the session was choppy …
Ag take advantage of opportunity
Rebound today across the board in row crop. Weather is sited as the reason. Perhaps the rains this weekend will be insufficient. It is possible. The Argentinian soy crop would need to decline to such a extent to hurt the global carry. It truly makes little sense. many private analysts are pointing to a crop of 114-115 mmt in Brazil. The USDA …
Grain Spreads
`Soy complex While the majority of investor focus has been focused on the massive swings in the equity markets , and rightfully so I might add, the grain sector also came to life today with new highs scored in corn amid a vigorous claw back in beans, meal, and soy oil. The rally in my estimation was due to another …