Soy and Corn Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: SOY: The soy was quiet overall, the meal was weaker. The market is watching the weather this weekend. The Pro Farmer tour released their estimates and estimate the US soy yield 8/10ths lower than the last USDA number. This is not overly significant in my opinion. However, if the weather remains dry the last week of the month, and …

Soy and Corn Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: SOY: The soy was under pressure. There are some considerations here. The weather is important this month especially for beans. There has been some dryness, however the bean yields are currently not reflecting this. The Pro Farmer tour is indicating very positive results thus far. It is possible to continue to add to the carry if the weather finishes …

Soy and Corn Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: SOY: The soy was quiet today. The bulls have been in control for the past week based on some weather concerns. The Pro Farmer crop tour is running now. The current schedule in Indiana and parts of Nebraska have shown above average yield potential. This has the market stalled for a minute. There are areas coming up that may …

Soy and Corn Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: SOY: The beans rallied again today. The weather apparently has some concerned that the crop size could decline. The ratings did decline today by 2 points. The Pro Farmer crop tour will begin to release estimates tonight apparently. This could be important as an indication of actually how large the crops are this year. Their doing actual field surveys …

Soy and Corn Market Commentary

walshtrading General Commentary, Grains Leave a Comment

Commentary: SOY: The soy complex had a fairly active day with reasonably large advances led by beans and meal. The market, as I mentioned yesterday, is pushed by recent Chinese purchases and the recent weather event. It is my belief that the recent weather while friendly corn, did not do much harm to the soy. The overall bean numbers in …

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 …