The soy complex posting another day of modest gains. The bull case is for the support to continue due to the weather uncertainties in south America. The weather does remain a bit problematic in the short term. There remains time for the weather pattern to shift to the positive for beans. It is still to early. Some facts to consider …
Ag Commentary
The soy complex led by beans and meal moved higher today. Concerns over the south American weather, and some disbelief regarding US yields helped underpin. This remains a bizzare year. The market wants to second guess the usda numbers even though the field reports confirm the overall accuracy. The thought is that if the govt is off by 1.5 bu …
Ag Commentary
The harvest continues to roll along at a nice pace. the soy complex may chop around waiting for a confirmation next week of yield from the usda report. A confirmation that yields are holding up may send beans back to test the recent lows in the 9.00 level. The reality as I have said is the domestic and global stocks …
Ag Commentary
The markets were down across the board without much opportunity for a rally. The weather has been conducive to harvest and looks to have a open window going forward. The average yield remains within the range of expectation as far as the USDA estimates go. The market will watch harvest closely this week for any changes. In addition the upcoming …
Ag Commentary
The USDA will release numbers tomorrow. The soy complex was in a general retreat today. yield reports remain solid across the board. The weather for Brazil is improving with up to 2 inches and 70% coverage. The production possibility for Brazil will remain high with the moisture situation sorted out. the Argentinian is still in question. The markets are not …
Ag Commentary
The day started out lower but quickly moved to both sides of unchanged all day. The dollar gained on global currency which could have added to bearish sentiment but failed to do so. The usda will release stocks on Friday. The gain year on year is ample. the domestic yields continue to come in close to expectations. This will be important …
Ag Commentary
The soy Complex showed signs of weakness today. This is true for a few reasons. The weather for harvest would indicate a speedy pace. The long term forecast supports this view at present. The wheels are starting to turn now and we will begin to see more confirmation of yields. early reports indicate the usda is in the ballpark. The …
Ag
The soy complex led by beans and meal continue to make technical advances. The market perhaps is dialing in a potential weather problem in south america early in the calendar. In addition the Chinese buyer has chosen to continue to purchase a record amount of beans, supplied by the US and south America. lets take a look at the fundamental side of …
Ag
The markets show modest gains today based on some sales to unknown and China. It is my belief that the markets are over supplied and therefore overpriced. Given the time of year the harvest should start to roll. The overall weather pattern remains in tact for a reasonable unincombered harvest window. The yield reports are variable depending on the source. …
Ag commentary
The beans traded both sides of unchanged. the story of the day was oil share bouncing back. This remains a theme I am watching closely. The domestic market has been mixed with a review of yields thus far. However the harvest pressure should still start to show up now given the pace harvest will start to roll. The market after harvest …