Ag Commentary

The market wants so badly to believe in a bull market in the soy complex. Perhaps it plays out. It is important to note it is to early in the season to trade a drought in beans. In addition we have received ample rains. There is never a perfect growing season. However usually mother nature gives what is necessary. The funds are short and can cover at any time , that is the bull story. The global stocks are a record. The meal demand is weakening. The oil share is showing gains based on this. Next week will be interesting. The market also is awaiting the planted acres intentions at month end. Look at rallies as a opportunity. As always it is necessary to quantify the risk

Be Well