The Soy continues its rally based on weather. The general belief now is that south America is under a La Nina scenario, which if true, could bring dryness to much of Argentina through the spring. some of this is speculation but the chance is there and has the market thinking. It is estimated funds bought beans as much as 8,000 …
Ag Commentary
The markets are rallying led by meal and beans. The meal market is held up on good Chinese demand, and a thought that SA weather presents risk. I don’t want to write to much about this. The Chinese demand is nice and is legit as the demand for animal feed is positive. But needed for global demand. The SA production …
Ag Outlook
The beans were pushed higher with fund buying today. The weather outlook in Argentina calls for a drier scenario. As mentioned that’s all that the market needs to see. The funds have made a buy play numerous times during this time period and been right as the carry has declined. In addition the meal has been the leader with a …
Macro Ag
SOY – The bean market overall had a lackluster day. The oil share lost again today and remains in a lower end of a range. Weather is the key word today and the primary focus barr anything. this makes little sense to me considering the global growth in the carry , but viewed as a price opportunity I suppose. The weather …
Macro Ag
The markets really are fairly void of volatile moves. the days seem to labor through of late. The oil share made a significant gain back today. Yesterday saw the opposite. Looking down the line. The beans will be focused on the weather in South America. It is early from a calendar perspective. There will be much adjustment in coming days …
Ag Commentary
The market started higher today. Then sold off quietly throughout the day. The only question that needs to be answered regarding the soy complex is related to South American weather. A timely rain event in Arg, and Brazil and the crops are off to fantastic starts. A bit of dryness and the drought fantasies will come out. This could fuel a …
Ag
The Seasonal Rally doesn’t disappoint We rolled higher led by beans and meal. Oil share taking a pounding yet again. As I have said , we are entering a buy period as harvest is coming to a close. And, the market now looks to South America for production. I have essentially written the same article with different thoughts and words for a couple …
PER-THANKSGIVING Chart Outlook
Let’s give Thanks, confidence in System? Change, FRB Yellens’ natives getting restless? Yield curve flattens. 2 year i rate closer to tens before yearend, .60-ish Is this this markets players ready to blow or maybe flip, long bonds like in Summer 2016 at highs? My diary had a $40.5bil player flip long at those 2.08% all time lows in rates …
LC FC, Hogs, same pattern? Lumber, Corn Wheat supports.
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Macro Ag
Not much to say today with the market. Two sided trade. The oilshare took a healthy beating here. The market is focused on the outside vegoils, and the thought of possible dryness in argentina which would effect the meal. This in my opinion is so far fetched. The reality is that the world is awash with beans. The exports are …