Ag Commentary

John WalshGrains

The oilshare made nice gains today. There is talk that Argentinian bio is going to be slapped with dumping. This could ad significant demand to soyoil. Also, this would add more meal to the supply side at a time when the world already has a more than ample supply of meal. The bean market is still dependant on the weather for flat price direction. The next two weeks will be important and could continue to add bushels. The western belt overnight witnessed ample rains in areas that certainly are helpful. The next 2 weeks will present opportunities with much volatility and risk associated. I continue to feel the oilshare presents opportunity

be well