Category Archive

The WASDE report today did very little to change the structure of the market. In essence all the numbers were left the same. The global carry grew a nominal amount. There are a couple takeaways to consider in my opinion. First the Brazilian crop was raised 1 mmt. Second, the Argentinian crop was lowered. However, the plan for Argentina going …

SOY The markets firmed today on expectations next week the carry over could decline yet again. The Argentinian crop has been under stress and is most likely in decline. This also has been supportive. The Brazilian weather has been beneficial of late and most private analysts are predicting an increase in production. The end result is the USDA could show …

General Ag Commentary The Ag markets in general are close to the highs of the last twelve months. The bean, meal, and oil spreads are all inverted as well as corn.  This all makes sense given the tight domestic carry. In general, however, today’s action was of some concern. A large move up that ultimately failed. Is the market indicating further …

Commentary: SOY                (n) crush 61 cents , (n) oil share 36.6% The markets rebounded  today. The Brazilian harvest remains a bit behind schedule with harvest. This is the slowest pace in approx a decade. The market is finding some support with this. The other side of the coin is that the Brazilian crop appears to be larger than anticipated earlier. The firm …

Commentary: The soy corrected across the board today . The beans , meal , and oil ,with the vegoil the downside leader on a relative basis.  The funds appear to be lightening the length on some profit taking perhaps . The crush for Jan was released . Another record for the month at 196.5. The all time record is 196.6 mil …

Commentary: The soy had a very significant move up today. The move was similar to yesterday. The meal led early. The oil took over and meal failed. The fundamental picture has been supportive. There are some considerations here to take not of. First the beans and meal are not the cheapest in the world at present. This does not mean …

Commentary: The soy was very well supported today. The market was led by meal early on. The bean oil, as well as oil share, were the large winners by days end. The market today was supported by the general fundamentals. In addition, talk that Ukraine may need to purchase US beans as the domestic market has tightened. The global veg …

Commentary: SOY: The soy is being led by the bean oil. It has been my belief that the bean oil will continue to exhibit strength. Therefore, if correct, oil share will gain. The carry continues to be supportive beans. The USDA outlook forum predicts 7 million more bean acres with 1 million more corn. It is my this thought will prove …

Commentary: The markets were fairly quiet today. The Meal oil had a correction. At present the oilshare stands at 35%. I am watching this closely. The veg oil market can be a bit more inelastic. The meaning here is that the global stocks remain supportive at present. The oil usage should stay strong through the year. The demand for soy …

Commentary: The soy rallied back today. I don’t have a long commentary here today. The fundamentals are what they are. The question is are they baked in the cake at these levels. It is a thought for consideration. The market activity today is essentially an inside day. Tomorrow being Friday, a Friday before a holiday weekend. It will be important …