Category Archive

Commentary: The government will release an update tomorrow. The expectations are for confirmation of declines to the balance sheet. It is my concern that the market has adjusted for any numbers we may see tomorrow. The beans in my opinion have dialed in a large production decline. Perhaps a tighter carry than we could see tomorrow. This could prove significant. The point …

Commentary: The soybeans were quiet while the products had a large correction. The USDA will release numbers this week indicating changes in the stocks (reductions). The average guess feels that will be the case in both beans and corn. The beans have put on a healthy rally due to Chinese purchases. The question now is whether the purchases will all …

Commentary: The soy complex can be looked at in two separate ways in my humble opinion at present. First, flat price. The beans and meal remain near the recent highs. In reality at high levels relative to the stocks, as the way I see it.  This lofty price is due to the exceptional purchase pace with Chinese buying. The Brazilian is …

Commentary: The soy is under a bit of pressure. The meal has eased with weakness in beans. As mentioned last week the oil share has settled at approximately 32%. The weather has been positive for harvest. There is currently some small delays due to moisture. This however looks to be short lived. The question now will be if the yields are …

Commentary: The soybeans have set back approximately thirty cents from the high. In the process the meal market flat price has continued to rise. In addition the meal spreads have gained a considerable amount. They are now at a good inverse. The global meal supply has tightened due to Brazilian crush slowing, the Argentinian currency, and US down time. The …

Commentary: SOY: The beans continue to work higher based on the size of the crop. In addition the recent Chinese purchases. The meal market led today based on the fact that Brazil and Argentina will not be sellers of large amounts of meal in the near term. The Brazilian due to being essentially oversold. The Argentinian due to the currency …

Commentary: SOY: The beans and meal continued the rally today. There are a couple of reasons for this. The most important driving factor, in my opinion, is that the Chinese have been buyers almost every day. This is a very good thing. It must be considered, with the new export year starting Sept 1, the Chinese in some instances may …

Commentary: The soy today was led by the meal closing up 4.5 dollars per ton. This is supporting the crush margins at present. It is important to see where the overall soy numbers are going to fall. It is my thought that the domestic carry will be ample, and the global numbers will continue to expand. The near term fundamentals …

Commentary: SOY: The beans were able to show gains again today. The bean oil was the strongest aspect of the complex today. The market in my opinion may have topped this week. The funds are now holding a sizable long position in beans. The weather has moderated, and the later planted beans will be assisted. The yield may have been …

Commentary: The beans saw a fairly volatile trade today. The meal had a significant gain relative to bean oil. The soy in general has had a large appreciation. The conditions tonight dropped 3%. This is significant. However, it should be noted that the average is still 2% below the current conditions.  The main point of this is that the bean yield …