Soy Market Commentary

walshtrading General Commentary, Grains Leave a Comment

Commentary: The complex was down overall today. As mentioned earlier in the week, the bean oil was due a correction. The oil share surged to approx 35%. Today we witnessed a correction in the share. The meal was still lower on the day as well as beans. The overall climate before the USDA report represents a weather scenario that has …

Soy Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soybeans ended a bit lower, along with the soy meal market. The weakness continues based on the higher ratings and concerns regarding the Chinese US relations.  It is possible the beans and meal pause for a minute here before going lower. The beans are made in August as the saying goes and the market may wait to see a …

Soy Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soy did rally today and it was led by meal strength. The oil share is taking a bit of a breather after its recent rally. The meal and beans could extend the rally a bit further. The Chinese are buying beans and could continue to purchase US beans into August. The Brazilian has sold himself into a temporarily …

Soy Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soy rebounded today led by the beans and meal. The weather remains in question and offered support. There is little that is unknown today. The weather will play a key with development. It seems important to note that the soy is not in a critical stage at present. The recent run up should be viewed as an opportunity …

Soy and Corn Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soy was under pressure today. Modest pressure. The main reason in my opinion was the scattered showers received. In addition, the lack of a clear cut drought pattern. It is my belief the beans may have a bit more of a rally, depending on the weather. The reality remains that the overall crop conditions are doing well and …

Soy and Corn Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: A couple brief thoughts regarding the markets. I trust everyone enjoyed the fourth. Here we go, the desire to find a hot dry comparison. The 2021 season is drawing attention. First I would say that mother nature is truly unpredictable. Anything is possible. However, it is my thought today that the temperatures overall are normal for this type of year. …

Soy and Corn Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The Nass report today opened the door for some reasonable expectations and adds a good feeling to the markets. First the soy complex witnessed reasonable fund buying through the day. The report today added approx half a million acres. The trade was looking for a larger gain. The bean rally could extend a bit further and then sales could …

Soy and Corn Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soy was under pressure today . The weather remains very beneficial over all. The exports while up from recent history lack the fire power to get anyone excited. The Chinese spent a lot of their recent needs on Brazil.  This puts Brazil in a sold out situation. It also makes one think last years crops were larger than reported. …

Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: A few brief thoughts regarding the markets. There remains some unknowns certainly given the global climate. However, the Chinese are buying beans. Some of this is to restock, some is the push to expand hog production to fuel the crush. Regardless, the bean market has a couple near term pluses in addition to the purchases. The USDA 395 carry …