Category Archive

COMMENTARY: The corn can be broken into two. The old and the new. The nearby spreads are reflecting the tight market at present. The new, while a bit friendly given the current carry, is more concerned with the potential acreage increases. The weather has not been ideal so far for corn. Recent relief has been helpful, and more rains are …

COMMENTARY: The soy is dialing in the current weather forecasts. The crop conditions dropped yesterday 2%. The market is now 10% points behind last year. However, as I have mentioned, it is early to kill beans. The Chinese made the first purchases recently for beans of late. The Chinese may, in my opinion, reduce US purchases going forward. This could …

BE WELL, COMMENTARY: The markets had a very nice rebound. This was led by beans and oil share. I mentioned yesterday that the oil component may be beaten enough for the time being. There is so much to consider and think through this weekend. Happy Fathers day BTW for all of you out there. I would like to think about …

BE WELL, COMMENTARY: The markets are under heavy liquidation. Was today enough. Remains to be seen. The risk is so high at present. This is important to keep in mind when looking at strategies. There are many reasons at play today. The weather has changed, and moderated. It appears more showers will be received in the next week or two. …

COMMENTARY: Meal gained as unwinding long bean oil short meal is in force. The oil share has broken approx 4% in the last week. The weather has moderated. The exports have slowed. The crush pace may very well be over stated. The market will eye the acreage at month end for help with the direction. As mentioned yesterday, the weather …

COMMENTARY: The soy complex in general has exhibited weakness. The USDA report took the edge off the market with the slight uptick in the carry over. In addition, the weather has moderated in some of the belt. The market seems to also be taking the posture that the critical period for beans is July August. This is true. It is …

AG SOY The USDA report today was mostly as expected . The 20/21 carry 135 million bu. The 21/22 carry a bit larger than anticipated at 155 million bu . The reality is both are still tight ending stocks. There exists no global tightness. However, due to the extreme situation in the US, this years bean crop is very important …

AG SOY The beans were under pressure today . The WASDE report tomorrow may have been a reason there was liquidation today . A few thoughts to consider . Tomorrow the USDA should confirm the recent carry numbers in soy. The market is looking at A recent run up that was and is essentially fueled by bio diesel demand . …

AG SOY The beans and products were all higher. The crop conditions yesterday were lower than the market had anticipated. The gd to ex was rated at 67%. This is concerning to the early stages of the market. To note the planting is well ahead of schedule. The vegoil continues to be the leader. The meal did post a positive …

AG Soy The soy was sharply higher last night, led again by beans and bean oil. The trade today brought about a two sided affair. There are some real considerations here.  The vegoil market is led by the demand for bio fuel . This is constant . The domestic market remains supported and tight . The meal on the other hand …