The soy complex continues its downward path based on rains in south america. The pressure may subside for a minute based on tomorrow being a Friday. Also the weather may turn a bit dry. This in my opinion will not be enough to affect a large enough area. The global stocks are massive. However rallies now present hedging opportunities and …
Beans dive again, but. Wheat up 4% OLB
Clients, Farmers, Ranchers, x-Floor Traders, Option players welcome Everything is live, cocoa, cotton although over, beans in day 12, wheat explosive up in my mind, WHCH ration spread OLB now higher (buy WH). Meats less so but USDA COT Friday 11am. Grains live. Lumber olive alert, Beans 3 diamonds conditions live Fri, list goes on as we go into …
Soy Complex
The soy complex is in a key area at present. The weather still is a concern in South America. however the sheer amount of beans in the world is massive. This ultimately will be the driving factor behind price movement. The meal and beans have been the weakest aspect of the complex of late with oil share rallying to 34.3 %. …
Ag Commentary
The markets came under pressure after rains received this weekend. The temps were hot in some parts of Argentina however. This is still causing some concern as the dates are getting a bit late and planting still needs to get done on reasonable area in Argentina. The forecast for this weeks looks a bit drier. given today was Monday a …
Ag Commentary
Quiet day . The market is awaiting the the weather in south America next week. Here is my focus at present. Is oil share bottoming. The beans are plentiful. The crush pace at present is a record for November. The availability of beans is there. Meal has plenty of competition and will if we rally. The oil stocks are tighter than …
Ag Commentary
The USDA report is now behind us. Looking at the numbers.The soy carry went up to 445 million bu. The 20 million addition is due to the export competition. The global carry was raised to 98.32 mln tons. This is a record. This also does not take into consideration a increase in the Brazilian crop. The USDA is as much as …
Ag Commentary
The beans and meal again came under pressure. The weather was predicted to remain Hot and Dry in South America going home on Friday. Today that has changed and the market sold off. The fundamentals are bearish. there is little room for argument in my opinion. However the funds are long beans and meal and will want to stay if …
Ag Commentary
The commentary will return monday Happy Holidays
Ag Commentary
The beans took another beating today along with the meal. The weather in South America offered a bit more chances for moisture. There remains some long term questions regarding the dryness. The export sales remain disappointing and are well behind a year ago. This will add carryover most likely in the next report. The technical outlook now offers support and will until the …
Ag Commentary
The markets broke today sharply because stats Canada released the crop estimates. The Canola crop was upped considerably. In addition a few more specs of rain are predicted. The longer term will still remain dry at least at present. The funds bought meal going home and drove it back up towards unchanged. The South American crop is important and a …