Commentary: The soybeans witnessed a lower trade today. The market is under pressure for a couple reasons. The overall demand remains weak for exports. This is due to the Brazilian exports of approx 13 mmt during March, a record. The main destination is China. The USDA numbers yesterday showed a larger carry than anticipated. This could prove important, and could …
Soy Update
Commentary: The USDA released the stocks and acreage estimates today for March. The soy stocks came in at 2.253 billion. This was larger than anticipated. The acreage came in at 83.5 mil acres. This was smaller than anticipated by approx 1 million acres, but still up from 19 by 7.4 million acres. As mentioned over the last couple of days, …
AG – Weather Market
SOY COMPLEX The markets are keenly focused on weather at this point. We have dialed in the recent Argentinian drawdown. However, according to most analysts, further dryness is not dialed in. This may be the case. Going home this weekend it appears that Argentina will remain mostly dry. The real question now is will the US and Brazil make up the …
Ag markets on the move
The Soy Complex: The Soy Complex looks to start higher tonight. The soy has been and will be led by meal. The weather in Argentina has participants worried that the global supply of meal will be hurt given the weather scenario. This is overblown, but the market will rally until a comfort from rain is received. The reality in my …
South America Grain Weather from WxRisk.com
For the complete South America Grain Weather Report, CLICK HERE. For those interested in grains and livestock, Walsh Trading hosts a FREE weekly Grain and Livestock webinar. This webinar is hosted by Sean Lusk, Director and Ben DiCostanzo, Senior Technical Analyst with Walsh Commercial Hedging Services. Sean and Ben look at where the markets currently are and more importantly what …
South America Grain Weather from WxRisk.com
For the complete South America Grain Weather Report, CLICK HERE. Summary: There really is not much to change in the forecasts until you get into the 11 to 15 day. The the MJO models yesterday and on Monday began to show a change in that the very strong impulse was going to weaken rapidly once it reached phase 8 and …
South America Grain Weather from WxRisk.com
For the complete South America Grain Weather Report, CLICK HERE. Summary: Argentina – The Models over the weekend and this Monday morning have NOT changed at all. The lack of ANY rain over 0.50″/ 12mm over any portion of Argentina over the next 10 days is really quite remarkable. The 11-15 day operational or regular GFS model does bring some …