The National Weather Service is suggesting that the eastern half of the Heartland has a better chance of keeping the combines rolling in its 6 to 10 day and 8 to 14 day forecasts than the western half of the Heartland……………………………Harvest is still foremost on our minds and we are hearing of a few reports of less than stellar yields …
Hurry Up and Wait
There’s still a lot of harvest to complete and some trading firms and some farmers are starting to report that yields are very good to excellent to humongous on corn and beans . This might show up in the October 11 USDA report yet, we’ve been disappointed before as the government might report what the government wants to report at …
AG TIME – Trade Deal Day
The markets rallied today. the focus was the new trade deal(s) between the US and Canada. Also the deal with Mexico. Another victory for the Trump administration. Now on to Europe and the China situation. This may take a bit of time. Especially the China portion. But who knows. The report Friday added more to the soy balance. In my …
Harvest Delays/NAFTA 2.0
What would Senator Blutarsky do? What happens in Washington??????????????? A new NAFTA appears to be here……………… Agreements with Europe and China may be next………………………Reports of more swine and bird flu incidents in China has reminded us just how precarious world supply/demand is and how it just takes a little jolt to sway sentiment…………………………..The 6 to 10 day weather forecasts by …
AG TIME – When it Rains it Pours More and More and More
The Report today on stocks held no major surprises. However it did confirm more of everything. The beans showed a 2017 increase in production of 19 million bu. This will typically hit the carry over. This pushes the carry to approx 900 mil bu. This is so far away from normal it defies reality. The next production report could push …
Last Quarter Coming
Now that the reports are out of the way it’s time to focus on weather and harvest/seeding as well as the potential for trade pacts and policy shifts…………………….The next report is scheduled for October 11………………………………………………………………. Going into the reports today the average trade guesses for stocks as of September 1, 2018 was about 400 million bushels of beans, 2.0 billion …
AG TIME – Not Much to Say
The USDA report tomorrow will have some effect on the market. I have little to add. To briefly recap some of my thoughts. The recent rally in beans is driven by short covering and some global demand to the US due to the difference between the SA market. This presents an opportunity to sell into a rally for old crop. …
Harvest and Reports Still Coming
Forecasters are calling for dry weather through early next week and then a little rain in their 6 to 10 day outlook which should induce producers to throttle up and go after beans and corn in earnest this weekend………………According to the USDA we still have close to 80% of the corn and bean crops to get out of the field …
Olive Line Signals
ARP here I offer the olive line as a tool to assist in your trading rules. If you have a interest in telling me where you lost, I can assist by sending some historical charts. You need to use strict money management rules, the olive line can assist with this. It is always risky, but that’s why we play the …
AG TIME – Patience
An up day today. A rally here of any proportion should be viewed as a real opportunity to make sales. The USDA releases a report Friday. This is somewhat important in my opinion. It should show the beans are plentiful. The corn I’m not so sure. It could be interesting. Some thoughts for today. The Brazilian is planting at a …