The beans were up but did not follow through. The condition ratings were unchanged. I am noticing some structural things to be aware of. The meal, although higher, the bear spreads are working again. This may be important. Also the oil spreads are attempting to stabilize. It will be important to watch the Indian monsoons. It is my belief we …
AG TIME – What’s Next?
The beans continued the rally. The EU announcement is viewed as positive. The weather may offer some dry areas. Also, there is some speculation that perhaps the Chinese will be forced to settle. Ultimately I believe that is the case, however, it may take a bit of pain first. In the meantime, it is my contention that there are some …
AG TIME
A two sided trade today in beans. The acreage is the next important aspect. The weather has been very ideal. Although it is important to note that the wet weather may be causing some concerns in some areas. This may be nothing in the long run. There is a suggestion of some heat coming in. This will be monitored closely. …
AG TIME – Bear on the Move
The soy was led lower by beans and meal today. After review of the USDA report yesterday. I must say that I was not bullish the bean numbers. To the contrary. I see some real potential mistakes. First, it is probable that the USDA has over stated the exports by 50-100 mil bu. I don’t buy the story the Chinese …
AG TIME
The soy was weak, yet again led by the meal market. The weather has been good on the surface with plenty of moisture received through key growing regions of the belt. We now are back at support in the beans at 950. The USDA will release a supply and demand tomorrow, then the acreage at the end of the month. …
AG TIME MACRO CHANGES AHEAD ?
The beans and meal were under sincere pressure all session. The Chinese US trade conflict is cited as the reason. Perhaps it is the catalyst. However, it is my contention that there are other considerations afoot. The domestic carry has been growing, and will continue. The global supply is 20-25 mmt larger than 2 years ago. This is not bullish. …
AG TIME
The soy complex was weak today. The beans and meal both were under some pressure. There was a correction in the oilshare and this was the main catalyst. The bean oil stocks came in lower than anticipated. It is to early to say if the meal has put in a high. The technical picture does not indicate it has. The …