The soy Complex today was fairly subdued. There is a lot to consider this time of year. So volatility will be present. The weather is causing concerns. This will give the market rallies. These present opportunities in my opinion. Any prices near ten dollars, given the global supply, should be considered hedging opportunities. The oil share has stabilized at approx. 34%. This perhaps is where the real opportunities exist. The oil should gain on meal over the next 3-6 months. This is true for various reasons. Simply put,the world is awash in beans, the crush margins will keep the processor rolling. The competitive protein sources will continue to displace meal demand. While oil has a friendly atmosphere and a difficult time replenishing stocks.
Be Well