Ag Commentary

John Walsh Grains Leave a Comment

The day started out lower but quickly moved to both sides of unchanged all day. The dollar gained on global currency which could have added to bearish sentiment but failed to do so. The usda will release stocks on Friday. The gain year on year is ample. the domestic yields continue to come in close to expectations. This will be important if the usda makes changes to acreage, which many expect. The focus will shift to south America and weather prospects there. It still is a fact that there would need to be a major weather problem to change the global stocks to usage. Having said that the demand base is intact and sellers are not excited. The oil share continues to loose market share over the last week and sits at approx. 33 % going home tonight. This has been a very range bound trade 32-35 %.  the oil has never been able to get going even with the strength in beans. Let see what happens

be well

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