Good Afternoon, As we near this week’s USDA here is a look early in the week. Back month beans look much more constructive than the Nov contract as we await the end of harvest. I like wheat last week and now we are putting in the head and shoulder bottom, see 447 7/8th’s trendline. Wheat also enclosed looks …
Ag Outlook
The market broke today after a bit of strength through the week. The USDA report next Thursday will be the next driving force. The private estimates this week continue to confirm a reasonable yield expectation. There really should be nomajor surprises. I believe the bulls have a hard road in the beans. The dollar strength of late. The currency moves …
Major Mkts- Conditions, Olive set, let’s go.
Dec Cattle- this am we had an OLS play right up at limit. If you were a pit trader and came in flat this would have been a sell at limit early and put in a buy stop back at limit up. This is a spec algo trade and we could break hard today like yesterday. Someone blew out big …
Ag Outlook
The markets continue to advance on a tech look at the market. In my opinion the soy complex has separated itself from the cash fundamentals. The USDA report is in front of us. The private estimates (Informa, and Stone) released over the last two days have confirmed the recent production numbers. The USDA has no real incentive to make any major changes …
Ag Thoughts
The markets await the USDA report on the 8Th. The beans remain steady on ideas the harvest is winding down, and the thought may be that the yield has declined a bit on the tail end. This in my opinion is hoping and wishing for the bulls. However the market may rally into the report. The exists a amount of …
Olive line day, host of markets NatGas !
Today we had some wild swings across the board as you will see in the charts. Study the charts because there is a rhythm to this. Get over a line, especially an olive, algos buy as a scratch and pushed crude up today but this happens everywhere. Stocks are out of control but S&P and Dow are at a …
Ag Commentary
The market came under pressure today in both beans and soymeal. The meal actually was the downside leader. The weather looks great for continued harvest progress. The yields remain within the usda range of expectation. The focus on the fundamental front will shift to the south American progress as we wind down domestically. The weather there is improving with pockets …
Ag Commentary
Quiet finish to the days activity. Markets were up overnight and early, then settled back. The fundamentals remain in tact. The questions remain regarding the south American weather. The southern area of Brazil looks a bit to wet. The conclusion being drawn by some is the wet will 1) cause delays 2) promote fungus issues there and potentially neighboring countries. …
Ag Commentary
The markets are somewhat subdued. The harvest pace has been fairly swift. The weather through November looks beneficial, and harvest will continue to roll along. Those that look for harvest to put in a low will most likely attempt to start a bottom picking expedition that may help the market to bounce a bit. The yield reports have remained fairly …
Ag Commentary
The Soy Complex started the day higher on a sale announcement to China. This wore off quickly as the weather has improved and harvest pressure is there. In addition the bean sales for new crop are slowing and are well behind the year ago levels. This trend will continue with south American stocks at very ample levels. look for the …