Politics and Federal Reserve policy statements have been having a major impact on grain and bean prices as harvest has wrapped up in the northern hemisphere. Traders are looking at weather conditions in South America and Australia and it appears that things look good in the near term which suggests that the world will be awash in soybeans for the …
Respect and the USDA
Grains prices are tied to the political talk and posturing with China and the likelihood of a new trade agreement……………………………………………………………………It’s been brutal as many ugly accusations and allegations have surfaced as it appears that the time of pretending that things haven’t happened is over! Hopefully, things will turn to sea shells and balloons and unicorns and puppies soon and agreements …
Knowledge is Good! As is Respect!
Always keeping an eye on the Great Lakes-St. Lawrence Seaway System for updates on closings and such as it applies to deliveries……………………………………….Stoppers can always rail or barge stocks out but Lakers always carry the most bang for the buck……………………………………. There has to be a reason for grains to be open during the National Day of Mourning for …
FEBRUARY SOYBEAN OPTION STRATEGY
March Soybeans appear to be a buy as tariffs seem to be getting lowered by the Chinese after Trump and Xi had their meeting Saturday as both agree lower their tariffs and to trade on a more equal footing, in my opinion. March Soybeans last as of this writing 923-6. Chinese demand for Soybeans as well as Asian area countries …
Alchemy
We’re there or almost there with stopping Kansas City futures, taking the bushels and loading them on rail cars and shipping them up to deliverable Chicago elevators…….Is there enough time and are there entities out there capable and willing to use their facilities? Speculators might theorize and contemplate being long KC and short Chicago yet, it takes actual cash traders …
AG TIME – G Meeting
This weekend should be market moving one way or the other. Sunday evening could be interesting. President Trump will be meeting with President Xi. It is my thought that a window of opportunity will present itself. Trump, I believe, wants a deal. Xi I believe needs a deal but doesn’t want to look like he needs one. If a verbal …
New Beginning Next Month?
One month left in the calendar trading year and we’re still near levels which may be viewed as too cheap to sell yet there’s no urgency to buy………………………..Spreads are wide enough to reflect the comfortable situation the world is in for soy products and feed grains yet, wheat spreads may have some play in the inter and intra markets as …
AG TIME
Overall a quiet day. anticipation regarding the meeting this weekend between Trump and Xi. My belief is that they will agree in general on some changes. the implementation will take some time. This will open the door for the Chinese to buy US products again. this could offer a rally. If so the 2019 needs to be sold at higher …
Hopes and Dreams from Argentina
Some traders are still uncomfortable with the Chicago wheat contract and the ability of the issuer to put out stocks laden with vomitoxin levels which are deemed by the FDA (Federal Drug Administration) as unfit for human consumption… for raw wheat the old limit was 2 ppm and the limit for finished products is 1 ppm…………………..this may inherently …
AG TIME – Really Something
I am enjoying the fact that the soy is back above $9.00 march forward. This is important. The current price plus the US one time payment of approx $1.60 bolsters the balance sheet. I believe the market (soy) is historically way overpriced. Given the carry, domestic and global, this is high priced. I believe the market will start to suggest …