The market was lackluster today. The nearby beans held the 9.97-10.00 level. This may prove important in the near term. The Chinese demand has been satisfied from Brazil recently. The next 2-3 months may see a pick up out of the US. Apparently, I say apparently, the China delegation has offered the US an additional 70 billion worth of new …
AG TIME
The weekend bore no fruit with the US and China. The beat goes on. It has been my belief that beans are overvalued. We now have moved back to $10.00 This has been a key level and may offer support given the early date on the calendar. The planting has been swift. The market will eye the acreage total at …
AG TIME – Fear and Reality
The soy traded both sides today. The oil share gained back a modest amount. There is much fear regarding all the trade tensions. It is my belief that ultimately that is noise. The reality of the market is that beans are off to a good start. It is probable that there could be an increase in acres. The Argentinian situation …
AG TIME summer markets starting
The summer markets are kicking off. Along with the time of year comes wild predictions of drought and famine. Well, drought anyway. This year will be no exception. They are already starting. I would like to say It is my belief we need to view rallies as opportunities. this may sound like a broken record. To have a drought crippling …
AG TIME – No fun for bulls or bears
The soy was all over the place today. Indecision, uncertainty, all create a difficult environment. The flow of continual information at times can be distracting. When I look at the charts, this has been very difficult, unless a short term view is used. Then it is still difficult. Enough of the complaints already. The market appears to be focused on …
AG TIME
There is much going on daily creating back and forth type trade. The soy broke off highs today because the Tariff concerns are still there. Talk of 25% being implemented IF the govt and china don’t work out their issues. There will be a point when the market needs to focus on the fundamentals. The medium term and long term …
AG TIME when short term collides with long
The Soy was led yet again by beans and meal. The oil remains under pressure. The market is fighting the short term friendly aspect of the Argentinian smaller crop with the long term bearish fundamentals. The question is when will they collide. The demand for both US and Brazil will remain stout. This is keeping the funds under the market. …
AG TIME alot of theories
The soy traded both sides. There is so much talk, In my opinion guessing on what will transpire. Transpire in the talks with China, transpire with exports. The market on its own is well supplied. As I have said over and over the Chinese have net cancelled 1 mmt of beans in the last week. Their hog prices have plummeted. …
AG TIME SUPPOSE THIS WERE TRUE
There are only a few constants and trading these markets would not fall under this at the present. It seems logical to look at the things we know have some relevance and historically effect the market. the basis levels, the global numbers , the global price differentials. At present we have large soy stocks and friendly feed grain stocks. At …
AG TIME RISK IN RHETORIC
The China US conversations and the tariff suspension sent the market soaring. There are some real concerns here in my way of thinking. Not in the market place, but in the rhetoric written about the market. We have a huge carry both domestic and globally. To read the articles hitting the market you would think we had a tight global …