The title of this brief article is just a funny scene in the movie talladega nights. It is a comedy so this is meant as humor,yet true from my thought that there are certain aspects of the market that at present are difficult to figure out. I invite people to watch the movie, it is funny. regarding the markets. We …
AG TIME – Thoughts to Fruition
The soy under pressure today. The tariffs are starting. Both the US and China implemented their respective plans today. There will be more forthcoming. The soy yields from the USDA look accurate to under estimated given the field findings from the pro farmer crop tour. The oil world publication estimates the USDA bean yield could go up further. There was …
What are we Waiting for?
Weather Forecasters, specifically the National Weather Service, is calling for potential heat to return next week in the Midwest. In my view if the heat returns, it should be beneficial to corn and beans that have received decent rains the past few days .Crop tours are in full swing in front of the September crop report from the USDA on …
AG TIME – History Repeats Itself
There are so many trees sometimes it is difficult to find the forest. Point to be made, sometimes it is important to boil the markets down to their perceived facts. As far as the soy is concerned. The basis levels indicate further weakness. The pro farmer crop tour has shown pod counts above the historic norm. ( pro farmer issues …
AG TIME – Grains and Pork
There exists a significant relationship between feed and the animal. This is no great revelation. At present, the Chinese produce and consume the largest hog herd in the world. Approx 500 million pigs annual. There is much concern about the recent outbreak of African flu. It is my belief this may be just getting started. The Chinese lack the oversight …
AG TIME may the farce be with you
I am finding some perplexing aspects to the market. This is not necessarily anything new or different. Just a verbalization. It appears there are those that still would like to attempt to find something bullish in the soy complex. In my opinion, without a major global disruption from a weather problem, or some unseen act of God event, the bean …
AG TIME – Many Moving Parts
There are many moving parts in the volatile landscape. The beans are certainly burdened with a record carryover. The Chinese will be sending a delegation to work things out with the US. The South American planting will soon be underway. Some thoughts. It is my belief now, and for some time, that China cannot afford a trade war with the …
AG TIME – Is It Time?
The Beans and Meal are continuing their recovery. Today the Chinese and the US said they would open dialogue regarding the trade dispute. This was viewed as a positive. It is my belief that the recent highs in beans will hold. The Nov 2018 high is 920, the Nov 19 high is 950. The weather is near ideal to finish …
Waiting for Rain!
The information contained on this site is the opinion of the writer and obtained from sources cited within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in current market prices. We’re at that part of the growing season in the Heartland when we can see …
AG TIME – The Numbers Speak for Themselves
The Beans rebounded today. Actually unbelievable in my opinion. Now the carry is 750 million plus. The global numbers are 105 mmt plus. All thoughts we have spoken about. The Chinese demand is changing. These are long term shifts. The beans are important, but China will buy alternative proteins – that is already underway. The global protein is on the …