Live Cattle The June Live Cattle contract made another new low for the down move on Wednesday, March 27, 2018. It traded down to 104.50, near the low end of the 104.85 – 104.20 support zone. It rallied off the new low to the high of the day at 106.425, just above resistance (106.025). Once again the rally failed; as …
Ag Opportunities and Risk
The Soy complex is really caught here with many crosswinds. If played properly there is opportunity. The opportunity can disappear in the blink of a eye. The Meal was on fire today. The oil share retreating to 29.3%. The meal is rallying on the thought thatthe Arg crop is low and meal exports are declining. True! The Chinese are looking …
Ag
Quiet day overall. President Trump slapped some tariffs . This had little effect. The private guesses on acreage are coming in. Bean acres 1-2 million more. Corn one million less on average. The weather patterns in Arg are wetter . Some are adding a few bushels back. Remains to be seen. The export program from Brazil will cut into the …
AG
The Beans and Meal finished the day with modest gains. The market is looking at rainfall in ARG. The Brazilizn crop is being harvested on a very quick pace. The availability is high and the sales have been huge. Meaning the Brazilian exports are moving. The next three to four months the US will take a back seat. The one …
Ag Recap Volatility
The Soy complex was under pressure. The beans and meal were the leaders. The market is responding to a couple things,in my opinion. First, Argentina received rains. Second, the market appears concerned that the Presidents tarrifs could cause some trade issues and possible retaliation. Last, the export sales were smaller than anticipated and that is causing concern. The question is …
Ag Recap
The Bean market was unable to push to new lows over the last two sessions. Now we are awaiting the weekend and a look at the Argentinian moisture levels. In my opinion the markets look for the news they want. Meaning we have been rallying based on the weather, if the funds want to buy they will site the weather. …
AG recap
The soy closed higher based on funds. The meal was not able to do much. The markets are essentially mid point of the recent rally. Where we go from here is dependent on demand and the planting estimates. The estimates are coming in with a expectation for 1-2 million more bean acres. This rally has helped producers and should be …
AG Important Opportunities
The Soy under pressure today. The meal loosing to oil. There are some important issues to be considered here. The weather is wetter in Argentina through the weekend . The yield decline will cease. can we add bushels to double crop ? Perhaps. The markets will now start to eye the acres. Private analysts are now reporting estimates of 1-2 …
AG Review
The Beans , Meal , and Oil, all movers today based on fund buying. The weather pattern in ARG will shift and start to see rains this week. There are more scheduled as we move towards april. The rains may help double crop production, The declines should be halted. The Brazilian crop remains huge. Logistic issues have improved and much …
Ag – Where are we now?
The USDA gave us the report. Plenty of beans domestically. Now the debate, where is Argentina? Truly, it means little. The world has 26-28 mmt more than 2.5 years ago. It is ok to try to figure all this out. I would like to say, it is time to look at the other side of the coin. We are producing …