The soy complex was weak today. The beans and meal both were under some pressure. There was a correction in the oilshare and this was the main catalyst. The bean oil stocks came in lower than anticipated. It is to early to say if the meal has put in a high. The technical picture does not indicate it has. The …
AG TIME
The story remains the same. The meal is leading the soy complex while the large crush pace pressures the bean oil. The oilshare continues to decline at 27.2%. In addition, the meal relative to beans is approaching historic highs. The question is what price either shuts down demand, although not really the issue in my opinion. Or offers other price …
AG TIME
There are many considerations here. The dollar is back above 90 on its way to 92. This strength may continue. This is brought up as a consideration moving forward. The beans rallied early on the strength in meal. As we moved through the day we eased on some of the real outside influences. The weather has improved and progress is …
AG TIME
The beans started lower on the day, then rallied due to the meal leading the charge. Beans will follow until meal has put in a high. The main reason for the rally is a concern over the Argentinian meal program due to the drawdown in the bean production. This certainly is an issue. However with the extra carry the US …
AG TIME
There is not much to comment on with respect to today’s activity. The feature remains meal strength relative to the complex. I would venture to say that without meal strength beans would be under pressure. The funds remain very long. The concerns over the rosario port will be yet another reason to push meal higher. The weather in the Delta …
Cocoa, LC FC, can’t put em away.
Good Morning Last week while putting ear to the rail I conveyed option trader buzz about VIX up 2% in that blip in Dow to about steady on the year. Is this what mkt prelude meant? Last time KC under $5..00? Maybe. Buy any break against support levels if not on board in my opinion, all opinions in here. …
AG TIME – Time for long term thinking
The beans and meal rallied early. There were a number of reasons abound. There was a accident at the rosario port that could limit meal exports. The EU and CHINA are on holiday Friday through Monday so there was a need for coverage today. There are more but those two will suffice. The beans were clearly the follower on the …
AG TIME
A two sided trade today in the AG. The beans responded slightly to turn around Tuesday. The general thought is that there will be an increase of bean acres this year. The question will be how many. It appears there is a shift in the Delta at present. The weather through the rest of the month will dictate other areas. …
AG TIME
The soy closed lower with bean meal and oil all down today. The weather is improving and will be a topic of certain discussion. The beans are concerned with the improvement of the Brazilian crop. There also appears to be a shift towards crushing beans (which makes sense) rather than buying meal. When the margins are considered, this all makes …
WAS THIS TOP? Take the money and wait for next extreme? In Cotton next
WAS THIS TOP? Take the money and wait for next extreme? In Cotton next. MEATS- All different months have different looks, month settlement px.s etc. If your looking in a back month ask for levels. FEEDERS- we are now up almost 700 off the OLB, number that hurts most traders, the olive line. KC- your on your own now as …