The Soy markets are biding time now. The beans have bounced a bit. This could continue with a further reduction in ratings. The bean ratings, like corn, are in a high end of the condition ratings from a historic perspective. My personal upside potential without a real problem is 865-880 basis Aug. For the record that should push Nov 19 …
AG TIME – Who will blink?
The beans were under pressure yet again. The concern over the tariff situation continues. There are only 12 short hours till the implementation. Will someone blink. The psychology of this is the meaningful aspect. If the tariffs are put in place it will still be 2-3 months before they are finalized. It is still my belief that the actual implementation …
AG TIME – Good Things Coming
The beans traded both sides. Tomorrow is the USDA report. All the ex bulls now think the market can’t rebound due to the lack of dialogue with China. Perhaps they are correct. The market has broken a lot. I have expected that. I believe it may be the wrong time of year to press the short side. Don’t misunderstand – …