For the complete US Grain Weather Issues Report, CLICK HERE. For those interested in grains and livestock, Walsh Trading hosts a FREE weekly Grain and Livestock webinar. This webinar is hosted by Sean Lusk, Director and Ben DiCostanzo, Senior Technical Analyst with Walsh Commercial Hedging Services. Sean and Ben look at where the markets currently are and more importantly what …
South American Grain Weather Issues from WxRisk.com
For the complete South America Grain Weather Issues Report, CLICK HERE. For those interested in grains and livestock, Walsh Trading hosts a FREE weekly Grain and Livestock webinar. This webinar is hosted by Sean Lusk, Director and Ben DiCostanzo, Senior Technical Analyst with Walsh Commercial Hedging Services. Sean and Ben look at where the markets currently are and more importantly …
Grain Spreads
Soy Complex Weather fears regarding drought like conditions and its impact on future yields in Argentina drove beans and meal through key resistance levels this week. Beans rallied near 40 cents for the week while soy meal rallied $30.00 a short ton. Bean and meal spreads surged as well this week before some slight back and fill emerged throughout today’s …
Ag Weekend weather key?
The market moderated today, However the meal still was the price leader. The balance sheet in Argentina is being reduced. The Brazilian crop size still needs to come up. The question going home, in my opinion is will rains develop in argentina. If not perhaps meal has another move. The bean stocks in south America remain high. The sales given currency …
Ag Christmas in February
Ok, the meal is rolling, the crush is rolling, Very high levels historically in meal on a relative basis. Oil share has been taking a pounding. This will continue until the Argentinian drought is broken. Beans are getting a ride on meals coat tails. The nov 18 has reached 1020. A price I have been saying presents opportunity. There is …
South American Grain Weather from WxRisk.com
For the complete South America Grain Weather Report, CLICK HERE. SUMMARY: Argentina continues to have problems with moisture, all Brazil continues to have no problems and if anything too much. While there is no sign of the extreme heat coming back that I can see on the weather models for the next 7 to 10 days… there is no sign …
Ag
Not a lot to contribute tonight. The rally rolls on led by meal. The weather a concern. The forecast is for more rain. However the analysts don’t agree with the models. Again 530 million bu carry here. 98mln tons global. Knock three 3 million tons off. Now 95-96 mln tns. Still 30 million bigger than 2.5 years ago. Personally I …
Ag markets on the move
The Soy Complex: The Soy Complex looks to start higher tonight. The soy has been and will be led by meal. The weather in Argentina has participants worried that the global supply of meal will be hurt given the weather scenario. This is overblown, but the market will rally until a comfort from rain is received. The reality in my …
South American Grain Weather from WxRisk.com
For the complete South America Grain Weather Report, CLICK HERE. SUMMARY: LA NINA still kicking … Bias towards rains underperforming in ARG and east central Brazil MJO still moderate as it goes into Phase 8. Again this sets up bias for Below Normal rains over ARG, Above Normal for Brazil especially east central Brazil. MJO 8 tends to counter impacts of …
US HRWW Grain Weather Issues from WxRisk.com
For the complete US HRWW Grain Weather Issues Report, CLICK HERE. SUMMARY: LA NINA still kicking … Bias towards BELOW NORMAL (BN) Rains Plains/ WCB Jet stream pattern of shallow trough over North Rockies/Upper Plains/Great Lakes favor BN temps there / some BUT also favors Wet pattern for Delta, Deep South and lower WCB NO threat of any Arctic Air …