Traders are talking about the possibility of higher incidents of field loss in beans and corn as Mother Nature appears to be less cooperative as the weather forecasts are suggesting wetter than normal conditions prevailing for the next two weeks……………………………………………Over all, we have been fortunate, to date, with extremely beneficial rain events yet, a week or two of dryness would …
AG TIME – Watch the Weather
The soy had a rally of late. Perhaps this is coming to a close. I have suggested to look at Nov 2019 about 920 to start hedging. It is conceivable that the market could offer two cycles of sell off, and rally there. It is my belief 920 will look like a rich price. Regarding market thoughts. The US will …
Chomping at the Bit
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 …