Weather Forecasters, specifically the National Weather Service, is calling for potential heat to return next week in the Midwest. In my view if the heat returns, it should be beneficial to corn and beans that have received decent rains the past few days .Crop tours are in full swing in front of the September crop report from the USDA on …
Grain Spreads: Limbo
How low can we go here? Beans and Corn are in free fall so far this week and to me it seems that trend and index following funds could push this market lower until there is a reason to buy. With a Chinese delegation in Washington DC this week, the soy complex could use a shot in the arm regarding …
AG TIME – History Repeats Itself
There are so many trees sometimes it is difficult to find the forest. Point to be made, sometimes it is important to boil the markets down to their perceived facts. As far as the soy is concerned. The basis levels indicate further weakness. The pro farmer crop tour has shown pod counts above the historic norm. ( pro farmer issues …
Livestock Report – Feeder Cattle
Cattle futures have been consolidating with a downward lean as the supply vs demand battle has (so far) been fought to a draw, in my opinion. With ample supplies of cattle and excellent demand for beef, cash prices have also remained in a trading range. The cattle on Feed report comes out on Friday after the close of trading. Pre-report …
Coffee going down fast
Good Day, Coffee has been going down fast lately for those speculators watching this, you might want to give me a call. Two levels here to watch. Today’s 96.86 low is .05c off yesterday’s my olive line technical low. I have been asked about coffee lately and here is my spin. I have a blue diamond condition as this market …
Great Kabuki Theater: Part 1 Weather and Wyoming
The information contained on this site is the opinion of the writer and obtained from sources cited within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in current market prices. In my opinion the grain markets are on hold waiting for political news on Chinese …
AG TIME – Grains and Pork
There exists a significant relationship between feed and the animal. This is no great revelation. At present, the Chinese produce and consume the largest hog herd in the world. Approx 500 million pigs annual. There is much concern about the recent outbreak of African flu. It is my belief this may be just getting started. The Chinese lack the oversight …
Livestock Report
Live Cattle On Monday negotiated cash trade was mostly inactive in all major feeding regions. Monday afternoon beef cutout values were higher to sharply higher on moderate to good demand and moderate offerings. Choice was up 2.60 at 213.98 with Select up 1.37 to close at 202.29 on 101 loads. The choice/ select spread widened to 11.69. The hide and …
AG TIME may the farce be with you
I am finding some perplexing aspects to the market. This is not necessarily anything new or different. Just a verbalization. It appears there are those that still would like to attempt to find something bullish in the soy complex. In my opinion, without a major global disruption from a weather problem, or some unseen act of God event, the bean …
More Seeding’s?
The information contained on this site is the opinion of the writer and obtained from sources cited within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in current market prices. It’s a tool, not a toy! I’ve heard it from my parental units and I’ve said it …