Category Archive

Commentary: The soy had a nice rebound today. The market has pulled back and this seemed like a day of bottom picking. The next move going forward will be predicated on the weather. The recent rains in South America have shown significant improvement. However, there remains dry areas that will start to feel stress over the next 1-3 weeks. This …

Commentary: The soy was again under pressure. The thought yesterday was that the oil share may start to rise. The trade today did move that way with oil share closing at 32.4%. The market will need to digest the recent weather in South America which is showing more showers. The question will be what can transpire over the weekend.  The meal …

Commentary: The soy has pulled back recently. The beans have fallen approximately 40 cents. The market is attempting to digest the $12.00 bean price. The question is will there be a reduction in demand due to the elevated prices. The potential answer to this question lies in the weather in South America. It appears there have been some reasonable rains …

Commentary: The week ending on a quiet note. The overnight showed a reasonable jump in prices. The day session settles back. The beans were essentially the leader. The vegoils, due a set back. eased a bit. The long term for vegoils remains friendly in my opinion. The weather over the weekend will be important. The market, in my opinion, has …

Commentary: The soy complex, as discussed yesterday is in a bit of a tug o war. The meal has been the price leader for some time. This may be changing. The veg oil market in general has been on fire. This is driven by the palm oil stocks at multi year low’s. The oil share has risen from 30% to …

Commentary: The beans rallied again on the tight carry, concerns over South American rain totals, and scenario. Regarding the Chinese demand, there are a couple of things to consider going forward. The beans and meal have been the upside leader. The meal may be separating from the beans. This could signal a top if only temporarily. The global bean demand …

Commentary: Soy The beans have had a very significant move over the last months. The funds have built a significant position. The market has been boosted by the continual decline of the carry. The current number is 190 mil bu. This is low. The current stocks to usage is approx 4.2 %. This too is low. In managing ones thoughts …

Commentary: The soy was higher and gave up as the day moved by. The products were the leader today based on strong global demand. The crush margins are on fire of late. This will keep an inverse on the board for now. In addition, will keep beans moving to the crusher. There is no doubt that the domestic numbers are …

Commentary: The soy was led higher by the meal today. The Brazilian government has lifted import taxes on both corn and beans. The strong export pace has now worn down the domestic supplies. The internal prices are now increasing. The US meal has been the upside leader. The market flat price, as well as the spreads, has shown a large …

Commentary: The soy continues to be led by the meal. There are some considerations to take note of. The meal spreads have all inverted. This is an obvious indication of a friendly scenario. The bean carry on paper is friendly. The question going forward is how much of this is dialed into the current price. Also, will the Chinese actually …