Category Archive

The bean market is now in a ebb and flow market as I would say.  What I mean by this. The market has been dominated by the soy oil. The oil share closing at approximately 45%. It is my contention that oil share can make its way to approximately 50%. There are a few reasons for this. The palm market is …

The USDA offered few surprises today. There are a few details I think are worth going over as perhaps they are relative in the medium term. The supply and demand did estimate the bean carry for the new crop at 140 million bu, slightly higher than anticipated. Still tight. This assumes a very modest increase in yield. The USDA modeled …

The Markets rebounded in general today. The soy was led higher by product strength. There are a few considerations at present. The USDA will release stocks and acreage tomorrow. The expectation for beans will be a slight reduction in the old crop carry. The new crop carry should hover around unchanged from the previous month. The second factor I am paying attention …

The soy complex was under pressure a bit today. The leader to the down side was the bean oil. The thought with bean oil at present is the palm oil stocks are starting to increase a bit. In addition, the Indian situation with respect to covid can and will slow oil consumption. India is the largest veg oil consumer. This …

The corn market continues to roll. The focus this week has been more related to the new crop. The old crop has not failed, however the July Dec spread has given back approx 30 cents of its inverse. The domestic carry is a feature, of course, as the stocks to usage are supportive. The most friendly aspect of the market …

The soy has been on a very respectable run. The markets continue to be fueled by the tight domestic carry. This will remain until the new crop is harvested. The global numbers remain ample. That, at present, is not the driving factor. The market remains off the contract highs at present. There are a few considerations here to be mindful …

SOY The markets are liquidating. The price action today was led by soyoil. The USDA report tomorrow will be interesting. The stocks number is important. The expectation is for a draw down. However, if the govt finds stocks that would be a surprise and would shock the system. An increase in stocks could lead to further liquidation.  This is of course …

The soy had a healthy rebound today. The leader was the soymeal. The recent trade had meal breaking $40-$50 per ton. I suppose it was time for a rebound. There are some concerns for the soy in my opinion. The largest is the trade talks between the US and China. In addition to this the South American crop is starting …

The markets were two sided today. There are some considerations at present in my opinion. First, the Brazilian crop will start to be marketed. This will not add to the US carry obviously. But it will knock the US out of contention in the export arena. This could limit further gains in the short term. It is my thought that …

The soy today came under heavy pressure. The weakness was led by the meal market. The USDA report did not reduce the domestic carry. In addition, the global carry increased a bit. The Chinese ASF is getting worse by many accounts. The bean sales have been terrific for the past 5-6 months.  This however is most likely coming to an end …