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 …
Ag Commentary
The soy complex awaits the future. the fundamentals from a historic perspective are very bearish. However, the carry at 430 harkins to the last few years where the carry fell based on the lack of global production. Is this where we are at today ? perhaps. But the Brazilian and Argentinian weather is improving drastically. This will go a ways to growing …
Ag Commentary
The markets rallied again today based on concerns over dryness in central and northern Brazil. The forecast has some chance for improvement. This however remains to be seen. So we have built in some risk premium early. justifiable ? Remains to be seen . Looking forward the US carryover at 430 million bu is probably understated by 70 – 90 …
Ag Commentary
The Usda report today was eagerly awaited. There were a couple of surprises. The govt decided to reassess last years stocks, which was already known. And the Brazilian crop. The domestic and global carryover in beans was reduced. Interesting the rally. Now, looking forward some thoughts to consider. The carryovers while reduced, are still some of the largest registered in …
Ag Commentary
The markets await the Thursday usda report. The soy complex continues to make modest gains. Today the market is being led by meal as a uptick in Chinese demand has placed a bid under the market. e south American weather is causing a bit of early concern this also is lending to the early buying. The long term prospects for …