Ag Commentary

The market was fairly quiet after a higher opening. The weather is moderating. More rains are being received. Some long range models are looking for more rain. The flat price will work lower when the market is comfortable with the moisture situation. My focus now is on the oil share. this presents potential opportunity. as discussed the veg oil has a friendly atmosphere. Especially if Argentina is charged with anti dumping. Also the meal has a lot of competition from DDG and various other protein sources. Look at rallies as opportunities while quantifying your risk

Be well