SOY – The Beans finished on a down day to end the week with losses. This is fueled by concern over Chinese demand , but also the Brazilian crop has gained in size. As I have stated there is a more than ample supply of beans globally. However, concerns over meal persist. If the meal has a high in beans …
Ag Time
The Beans and Meal were under pressure. There is a ample amount of product available. There are a couple interesting trends that may be worth consideration. The Chinese Hog sector appears to have reached a saturation point. It appears they are in the process of halting expansion. Is it the concern over bean imports,perhaps, or perhaps we have come so …
AG Review
The Meal and Beans up yet again. At present the Brazilian is Cheaper for export meal and beans. The price difference between beans has narrowed to the point that Brazil will gain market share. This will not bode well for US exports. safras today estimated the Brazilian bean crop at 119.2 mmt This is 4 mmt larger than the USDA …
Ag Potential large shifts on the Horizon
SOY – The Beans and meal under pressure today. This could be the start of a new trend. The beans have alot to deal with at these levels in my opinion. The Demand is questionable and behind. The Carry is large at 550 million bu. Weather the Carry is 525 or 575 is immaterial. There are alot of beans, despite …
AG Review
The Market should switch its focus to the domestic weather and the planting intentions. There is much to consider here. There are many who think the planting acres will remain down. It seems difficult to believe with beans approaching $11.00 the US farmer wont plant Beans. This goes against most things I have seen in 32 years In this business. …
AG Overview
The USDA report was released. Looking at the numbers I would like to draw some comparisons. First, the soy carry was reduced 5 million bushels to 550. Two years ago we had a 197 carry. Interesting to note the price with almost 3* less carry than today was in the same range with a brief high of 12.00. Two years …
Ag Thoughts
I must confess I am a bit tired. I am viewing the market much different at present than the conventional pieces I read. My contention is we have plenty of everything. Beans especially. Most of what I read is laying out a bull stance. Which is fine and perhaps will be correct. The meal market has had a story based …
Ag review
The markets rebound based on the time to mull over the terrif situation. There are many changes on the horizon. The global growth in supply will continue to advance going forward. The Brazilian especially will take this ball and run with it. Look for continued fierce export competition. This will cut into the US ability to move the beans in …
Tariff trade
The Chinese are announcing their measures. In my opinion, this is all about saving face. It is my contention we hold the cards. We are the engine for China’s economic growth. Period. Without the compulsive consumerism of the American public China would be in real trouble. It is my belief that China is closer to a real slowdown than the …
AG Recap
The Soy was up early and eased towards the close. There are alot of considerations. The acreage was a surprise. This obviously was a reason to push higher. the outlook going forward will be dependant on domestic supplies and the ability for the US to compete in the export arena. The Argentinian situation is dialed in. The question now is …