The soy was down after yesterdays rally. A few things to consider. The weather is improving. The week into next should show improved harvest. This time next week we could be beyond 50 percent . It is my thought that the market just gave the producer a approx $1.00per bu rally right in harvest with a record carry. In addition …
AG TIME – Rallies Equal Opportunity
The hits just keep on coming. The markets put on a big up day. There are many reasons I could site. The weather has been a bit of a concern. This now has moderated and is looking for vast improvement. The harvest should play catch up over the next seven to ten days. It is a normal year when the …
Oats as an Indicator
The National Weather Service in its 6 to 10 and 8 to 14 day forecasts suggest that the Heartland will be a little drier than normal which is good news for harvest activity to resume and allow producers to catch up after delays caused by rains and snows the past two weeks…………………………………………Trade talk is that the USDA might place corn …
High Volatility, High Risk, High Opportunity
ARP HERE Small stock market crash, LONG AND WRONG For now anyway. Could this be a top. Going forward I have levels,but only trading levels. No long term cowboy predictions. In my opinion short covering rallies will be vicious. Do not discard this warning However this is where we can take advantage of the volatility. I could turn bullish stocks …
AG TIME – Something for Everyone
A little bit different approach today. Variety is the spice of life. As they say. There is so much going on I thought I would comment on many of the things I look at although perhaps do not offer trading suggestions. “Jack of all trades, Master of none.” is hard to live by. But sometimes pays dividends. Food for thought. …
Harvest/Seeding and the Federal Reserve
It’s still out there and it’s looking for a place to stay…………………………..Harvest activity is expected to be brisk the next two weeks and corn and beans will be looking for bins and bags to spend the rest of the Fall and Winter……………………………..Yet, basis levels on corn firmed a little yesterday as some are saying that the producer is doing a …
AG TIME – Cheap and Expensive
I would like to start this out by saying, in my opinion, there is no such thing as cheap or expensive. It appears to me that as market participants we get caught up in the cost of production relative to board price. It is irrelevant if a particular person, or many people, can sell at a profit or loss. The …
Getting into Gut Slot of Corn and Bean Harvest
The numbers are out and we can go back to focusing on weather, trade deals and monetary policy. The USDA figures; Corn production at 14.778 billion bushels surprisingly down from the September estimate and carryover projection increased by lowering exports………………….Bean production was decreased by 3 million bushels from the September figure to 4.690 billion bushels and carryover increased …
Pre-USDA, Buy Bearish Report?, LC FC OLS, KWZ SU, OJ
Good morning Strategic view CORN- Let’s see what the $3.60 bears can do. I like standing at my long term macro levels to buy. I made long term bottom call in corn on an org 3.43 support, and tiny OLB2 under 3.48ish. This was confirmed with a reversal down bar my sequence right into olive buy extreme. 5c sloppy. Buy …
AG TIME – Report Thursday
The USDA report tomorrow could be important. The markets are easing a bit into Thursday. I have covered the fundamentals as I see it over the last week. The numbers are off the charts huge. That most likely won’t change. The probabilities are a .5-1 bu to the acre increase. This coupled with the declining exports will equate to a …