AG Review

John WalshGrains

The Beans , Meal , and Oil, all movers today based on fund buying. The weather pattern in ARG will shift and start to see rains this week. There are more scheduled as we move towards april. The rains may help double crop production, The declines should be halted. The Brazilian crop remains huge. Logistic issues have improved and much product is moving to ports. The south american will export alot. The US will loose market share. However , our exports will remain solid. The carry is significant. To continue to rally beans to a higher price this year than last with 120 million more at least in carry,plus huge global supplies. It could happen, but takes a fund buying spree that takes the global position to unprecedented levels. There is much I dont understand here. The markets in my opinion are presenting a large hedging opportunity. New crop beans are profitable and should be hedged, sold, whatever you are comfortable with.

The Corn closed higher with a somewhat lackluster day. I like the Corn story and feel there are some real positives. This is not a run away bull, just a market with a solid base. As we enter spring a weather scenario could fuel a bit more premium. The corn for 18 and 19 needs to be looked at. Start a program. Sell some , lock in some sure money. Dec 18 406-420 maybe. The dec 19 420 plus on the board. These are reasonable numbers. Speculate with some but take some off the table.

On another note. I am not a dollar bear. The trend has been down, but The long run I believe will show strength.

this season offers opportunity for profit today. To discuss a strategy that fits your specific needs, please call or email. It is important to quantify a risk and attempt to lock up long term moves that are significant.

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