Ag Commentary

weather weather weather.

The market was quiet today after the recent weakness. The forecast has turned a bit drier for the 6 day. The crops have had ample moisture in most areas. The conditions are doing fine. given the recent usda estimates the market will head lower baring any unforeseen issues. A couple things to watch. Oilshare is hovering in the 35% range. The recent canola production. In Canada and the EU has suffered from inclimate weather. The soy will need to carry a larger percent of the global demand. This may help bean oil especially on a relative basis. The opportunity in oilshare may still present itself. Rallies going forward may be opportunities.

Be well