Commentary: The beans and meal were both under pressure. The reality of the market is an ample global supply of beans. The domestic carry is ample. The question is will bean acres remain constant. The planting pace is quick thus far. This looks true for both beans and corn. The Chinese are due in for US beans. The Brazilian dominated …
Soy Commentary
Commentary: Some general thoughts given the surreal environment we are navigating. The fundamentals of each market will dictate the price discovery. However it may be of value to consider how quickly the perceived fundamentals can change. Especially given the fact that approx 3 Trillion dollars have been and is in the process of being moved into the economy in one form …
AG TIME – JUST MARKING TIME
The funds were buyers today on “turn around Tuesday.” The markets made an attempt to rebound after yesterday’s trouncing. A couple factors to watch. The dollar continues to exhibit strength. Considering the record tax intake to the Treasury, the economic outlook continues to impress. This should continue to fuel strength in the US dollar. This will impact the AG sector …
AG TIME – lots of questions
The beans were lower early on concerns over China, a lack of purchases, and a large percentage of unshipped beans for old crop. At the end of the day nothing has changed but the price. Beans were able to mount a significant turn around and close 10 CENTS higher. There is hope the US delegation to China can come away …