Category Archive

COMMENTARY: The markets today traded both sides. This may be how we settle in for a minute. In this type of environment, the spreads can at times be the best option. The most important feature to me today was that oil share had a significant rebound. The bean oil was higher with meal lower. This is consistent with my commentary …

COMMENTARY: SOY: The soy complex was higher. The meal and beans led the strength today. Consequently the oil share dropped a bit to approx 47%. The July contract went off the board today, without any major fire works in general. The market is led by the weather concerns that indicate weather issues remain a potential problem. The domestic carry remains …

COMMENTARY: This is more of a general commentary today regarding the AG markets. The soy today had a reasonable move up. This at present is driven by the global veg oil strength. The July oil share will expire tomorrow at 48-50%. The Aug in my opinion will trade to 50-52%. This is fueled by the tight Canola crop in Canada. …

COMMENTARY: SOY – The USDA supply and demand report today held few surprises. The old crop carry was left unchanged at a tight 135 million bushels. The new crop carry was estimated at 155 million bushels. This still is a friendly carry. The question on the domestic front now is how will the remainder of the growing season progress. The …

COMMENTARY: The beans and products bounced Wednesday. I have few solid ideas here today. However, I am considering some fundamentals that I believe may be relative to market activity in the near term. The Chinese bean demand has slowed in June and will again most likely in July. We can debate the reasons, but the reality is this is happening. …

COMMENTARY: SOY: The soy was fairly quiet before the long fourth of July weekend. There is little room for error with production given the lack of acreage growth. The weather will be watched ever so closely. The current stocks remain tight. This will not change for the better domestically for a bit. The larger global numbers and the tight domestic …

COMMENTARY: The soy has rebounded here again led by the bean oil. As I have mentioned, the global vegoil market, while not on fire, is supported. Especially after the recent pull backs. There is little to say today except that the USDA will release the acreage estimates tomorrow. The acreage will allow us to attempt to draw conclusions regarding the …

COMMENTARY: The soy had a large bounce back today. The USDA will release acreage this week. This, in my opinion, will be an important report for the market. The bounce today was related to the weather in general. Also, I think the recent break had some short, and the market was evening up. There are concerns over weather reports for …

COMMENTARY: The market had a correction Friday. The beans and oil lost while meal gained. There was an unwinding of the spreads as the supreme court sided with small refiners regarding blending. This, while noteworthy, has little impact today on blending rates. It seems little will change in the near term. What does that mean if true? At present the …

COMMENTARY: The soy had a two sided day today. The bean oil continues to rebound. The global vegoil market remains firm. It is my thought, given the bio demand, that bean oil will remain supported into late July. The meal market on the other hand remains a bit weak. This is consistent through the global market place. There are some …