Category Archive

COMMENTARY: BEANS – The beans were under heavy pressure today. There are a couple reasons for this. The overall market structure outside the AG sector is starting to show weakness. The concerns over the new variant, regardless of reality, are pause for concern. The Crude market as well as stocks also contribute to an overall weak feeling in the AG …

COMMENTARY: BEANS – The bean market was moderately lower today. Of note is the recent two week climb. The beans have rallied in tandem with meal strength. The overall thoughts of inflation, recent Chinese purchases have propelled the bean’s to a higher level. The fundamental long run in my opinion remains more bearish than is reflected on the board. The Chinese purchases …

COMMENTARY: BEANS – The beans were a bit on the defensive today. The harvest progress is rolling along at 92%. This contributed. In addition the weather in South America is very good. There are rains forecast through the next week that will further development. It is clear the crops in Brazil look very good. The Argentinian crops are good but …

COMMENTARY: SOY: The bean market performed well yet again. The market was led by the meal strength. In addition sales of 265,000 mt registered. The crush pace continues at a very high rate historically as well. It is true the bean market has some good news available. I indicated early last week that I felt the meal market was due …

COMMENTARY: SOY BEANS – The beans reacted in a sharp way. The WASDE report confirmed more beans domestically at 340 million bushels. They are stair stepping towards what I think will be close to 400 million bu. Apparently the trade thought the world numbers were surprising at 103.78 million tons. Yes that’s right. Please look at where we were the …

COMMENTARY: SOY BEANS – The beans continue under pressure. The USDA will release a report tomorrow. The supply side is expected to increase 50 million bushels. I will not be surprised to see a 70-90 million bu increase. This will put the carry close to 400 million bu as we enter the new year, if realized. I say if, as …

COMMENTARY: SOY BEANS – The beans again were under pressure. The reasons remain the same. The export picture is questionable with the Brazilian prices cheaper and offered earlier than typical. This has the US window in a bit of potential jeopardy. In addition the weather has been beneficial to the planted acres in the southern hemisphere. This is leading to …

COMMENTARY: SOY BEANS – The beans broke sharply today. The recent low of 12.05 may be the next target (march contract). While the sales this week are improved. The bigger reality is the overall exports are down. The weather in South America is improved and ample for a bit of time here. In addition the availability of Brazilian beans is …

COMMENTARY: SOY BEANS – The beans have bounced in a modest fashion. The rally in my opinion has more to do with feedgrain strength, than any bean fundamentals. The flat price could be influenced by the Chinese demand going forward. It is clear the beans will lose market share to south america. The weather at present in Brazil is excellent. …

COMMENTARY: SOY BEANS – The beans started higher today with the feed grains moving higher. The strength spilled over. However, this was not able to hold as the reality of weak exports pressured beans to lower levels. The weather in Brazil has been very good. The soil moisture levels are now in good shape. This has many private analysts predicting …