Ag commentary

The beans traded both sides of unchanged. the story of the day was oil share bouncing back. This remains a theme I am watching closely. The domestic market has been mixed with a review of yields thus far. However the harvest pressure should still start to show up now given the pace harvest will start to roll. The market after harvest will turn attention to the southern hemisphere, The concerns are premature but there is already talk of dryness,and a too wet problem. There is much time on the calendar,and as witnessed here the genetics exist that allow the plant to take much more stress. I remain bearish in the long run. The question now is 980 a roof beans cant break through,or is there one more rally.

be well