Ag Commentary

The wasde report today showed ample amounts of everything. In my opinion. However, the most important aspect to consider will be the weather over the next 3 weeks. The concern for beans is that if a ridge moves over the central US their may be a reduction in the bean yield. A 5-6% reduction could change the domestic balance sheet significantly. The global numbers are more than ample with record stocks at 93.5 mln mt. This ensures a steady exportable supply out of south America. The first part of the summer has offered much risk and much opportunity. Expect the rest of the summer to be the same.

Be Well