There’s just no urgency to add to longs to cover needs on any grain or oilseed right now! Speculative selling has been pushing wheat lower as new crop prospects are neutral to good given the moisture passing through the Plains and Midwest and the market is still feeling a little pressure from Black Sea movement before the onset of winter………………………………But, …
AG TIME – Leveling the Playing Field
A brief look at the outside markets (outside the AG). The dollar continues to exhibit strength. I have said for some time I believe this trend will continue. The US is back in the CAT BIRD seat. The dollar is solidifying its dominance. Too much strength now, however, does not help the grains. The bonds have bounced off the lows. …
Election Influence
We are approaching the wrap up phase of the 2018/2019 corn and bean crops and the final 20% of the 2019/2020 seeding of the winter wheat crop…………………………………………………………There is still a concern that there’s still too much corn and beans and too little space which could keep end users calm and cool and able to wait through the winter to accumulate …
AG TIME – Rolling Along
The month of October is about in the books. The weather has improved and the harvest is rolling along. Today’s progress numbers should confirm that. The next large fundamental to watch will be the Nov crop report. It is possible to see a further increase in yield. Slight as it may be. The beans will continue to have much to …
AG TIME – Crush it All
The markets are rebounding today led by meal. It is my belief we are potentially on the verge of a large shift in the oilseeds in general. The slow down in Chinese imports is a large story. The ramifications larger. The demand growth for beans and consequentially meal has been unprecedented year after year. This is stalled. Actually predicted to …
Nasd FANGS buckle, Egypt Wheat?
ARP HERE, ALL OPINIONS,ESTIMATES,NEWS,THAT I PERCEIVE MOVE THE MARKET. I have talked for some time in my posts that stocks are overvalued. It is my belief the NASDAQ PE is silly high. My goal is to assist you in these extreme levels through the Olive Line. In my approx 40 years of charting and trading the markets, these may become …
End of October Focus
Storage tightness with beans and corn, first notice day against the November beans, end of the month position squaring, political events and the impact on trade policy and attitudes might be what we will be talking about on Sunday night and Monday morning when we return from the weekend……………………………Of course, most of the air in the room will be spent …
Grains, Consecutive down now? Softs
EQUITIES – STOCKS It is my belief we may be in “The beggar thy neighbor economic cycle.” I can’t remember seeing action in the US like this. Perhaps in Europe and China. US stocks, I put out a OLS in the nasdaq100 at 7685. Nasdaq now has OLB below the market – give a call for levels. Nasdaq – I …
AG TIME FULL PRESSURE
The soy under pressure as harvest rolls on, The weather looks very solid to push harvest numbers. The South American weather has been good. There are a couple areas of concern creeping in. As said yesterday this is a normal scenario. It is impossible to plant a crop over the size area all of SA covers without some areas of …
Awaiting Harvest’s End
It appears that we’re flushing out some speculative longs in wheat and oats while corn and beans haven’t been as nasty to the downside as the only longs there are farmers holding the physical and end users are patiently awaiting a final flurry of selling near the end of harvest when some forced selling because of storage tightness might occur…………………………………………….It …