USDA reports that China is the top soybean importer and purchases more than half of the beans grown in the U.S. With the impending tariffs on steel and aluminum, a trade war could be a possibility on the horizon and is certainly something U.S. farmers are talking about. What does this mean, in my opinion, more volatility ahead. The continued …
AG MOVES
The Beans and meal today felt the brunt of the USDA report. The large domestic carry the slow of exports all have an effect. This one may be just getting going. The funds bought and bought on the weather scare and ran this up to a level that appears to be out of whack.The weekend looks to bring a few …
AG Potentially very important day
Wasde released today. As I have said for the past week, this report can put a different perspective on the outlook. That is what has transpired in my opinion. First the domestic carry showed a significant increase to 555 million. The market expected a decline. The exports continue to decline, and further declines may be in the near future. This …
AG OUTLOOK
The markets continued down today. There remains little to be said today. The wasde report tomorrow will answer the immediate questions. What is the South American crop as a whole. How much of a global reduction, if any will there be. The Argentinian numbers become important in the near term. The long term is another story. There is a ample …
Livestock Report
Live Cattle The April Live Cattle contract opened higher (123.325) and ran up to the high of the day (124.825) on Tuesday, March 6, 2018, testing resistance at 124.70 before failing and breaking down to the low (122.45) of the day. It ended the session at 122.80. A break down below the Tuesday low could see the rising 100 DMA …
AG – BIG MONTH
SOY COMPLEX This may prove to be a big month for AG moves. Opportunity and Risk everywhere. The WASDE report this week will put the South American numbers in perspective. This is a key factor going forward. The market may well have dialed in a smaller ARG crop than we will see this week. If this is the case and …
March Ag Where do we go from here.
SOY COMPLEX Today was a fairly uneventful day when the dust settled. When we leave the month of March we will have a few answers to this puzzle. The USDA will release WASDE this Thursday and we will look at the USDA numbers. In play are the US carry and the production out of South America. The big question is …
AG Wrap
The Markets saw a two sided trade today. The old crop soy remains supported by the Argentinian weather situation. There appears to be a few chances for rain in the future. The question now is what is the crop size. Estimates range in ARG 40-45mmt now. The Brazilian crop as high as 117 mmt. The yields apparently are huge. There …
Hot and Dry = Higher
SOY – The weather continues dry in the key growing areas of ARG. This allowed meal and beans to move to new highs yet again today. The feature continues to be the large move in the Bean and Meal spreads july/nov, and july/dec. A couple thoughts. The markets are approaching key levels. 11.00 in beans and $400.00 in meal. I …
South American Grain Weather Issues from WxRisk.com for February 25th
For the complete South America Grain Weather Issues Report, CLICK HERE. For those intersted in grains, Walsh Trading hosts a weekly FREE Grain & Livestock Outlook Webinar on Thursdays at 3PM CST. This webinar is hosted by Sean Lusk, Director and Ben DiCostanzo, Senior Livestock Analyst with Walsh Commercial Hedging Services. Sean and Ben will host their next webinar on …