Category Archive

COMMENTARY: BEANS – The beans were sharply higher today. The last week witnessed weakness. The market is gaining back. The condition report yesterday showed a 1% decline in ratings. This contradicts the Pro Farmer crop tour that recently released yields 1.5 bu larger than the usda is currently using. The recent rains had most guessing improvement was in the cards. It …

COMMENTARY: BEANS – The market started sharply higher overnight. As the evening progressed the market eased back. The weekend saw good solid rains produced. These rains should show a positive impact on yield potential. The one positive coming into today was the Palm oil bouncing 1%. This perhaps was the support early. The Pro Farmer tour concluded with the thought …

COMMENTARY:SOY: – The beans were under some pressure today. There are a few considerations . The export pace has been off the last two months. Even with the recent purchases from China over the last week. The overall weather has been improving and more rains are forecast for the next two weeks. The rains, if they materialize, will add bushels …

COMMENTARY:SOY The soy started higher after the conditions report yesterday showed a further decline. This was a bit of a surprise to the market given the recent rains that have been received. In addition the Chinese have been recent buyers of soy from the US and the southern hemisphere. The bull story coming into the close may be tired. The …

COMMENTARY: In my humble opinion today was a day of change. The corn moved into the leadership position in the AG space. The beans have been dominant. It is my thought now they are a follower. First, the corn carry was reduced. This is in line with my thoughts. The 21 carry is est 1.117 bil, the 22 carry 1.242 …

COMMENTARY: The beans were higher overnight due to some Chinese purchases. This has been a feature for a few days now. As the day went along the market eased. Especially the Aug contract which closed sharply lower. The market will await the USDA report tomorrow. The average guesses are expecting a production decline. I remain unconvinced this will be the …

COMMENTARY: The beans and oil bounced a bit today. The condition ratings last night were unchanged in the soy. This was a bit of a surprise to me. I thought with the recent rains the ratings would be up. I want to shift focus to the macro process here. It is my thought that the Chinese are slowing purchases. The …

COMMENTARY: The soy is mixed today with the beans and bean oil down, while meal is bouncing. The crop condition report today should show some improvement in the bean yield given the recent moisture. As discussed previously, the bean yield in my opinion can show improvement this month if rains are timely. The month is off to a fair start. …

COMMENTARY: The markets were sideways to lower this week. The weather looks to improve here in the next week. The recent rains have also been somewhat beneficial. The weekend may prove important for prices if rains are received as predicted. The products are at an important stage in my opinion. The oil share has lost ground here and is back …

COMMENTARY: The soy complex was under pressure. The recent rains have helped to show improvement overall. The conditions have shown increases this week for beans. This was not expected from the trade. Finally more rain is forecast over the next two weeks. As mentioned, it is my belief rains can increase yields through August. This would change the balance sheet …