COMMENTARY: The soy complex was under pressure. The recent rains have helped to show improvement overall. The conditions have shown increases this week for beans. This was not expected from the trade. Finally more rain is forecast over the next two weeks. As mentioned, it is my belief rains can increase yields through August. This would change the balance sheet …
Soy & Corn Market Commentary
COMMENTARY: SOY: The soy bounced today. The crop ratings yesterday declined. This was a bit of a surprise. The market however struggled to hold on to the gains as the session went on. This was significant in my opinion. The complex was led by meal. In my opinion the market will start to look at the August weather potential. As …
Soy Market Commentary
COMMENTARY: The complex was sharply lower last night. By the morning the bean oil was higher and the rest had pared down the losses. The close tonight paints a different picture. The oil share leading the way. This was not a explosive day but a steady move higher. I have a few thoughts going forward regarding beans. It is my …
Soy Market Commentary
COMMENTARY: The complex was sharply lower last night. By the morning the bean oil was higher and the rest had pared down the losses. The close tonight paints a different picture. The oil share leading the way. This was not a explosive day but a steady move higher. I have a few thoughts going forward regarding beans. It is my …
Soy Market Commentary
COMMENTARY: The soy was under heavy pressure across the board early on. The market slowly climbed off the lows through the session as the day progressed. The feature the last few days was the oil share and the slide we witnessed. Today could have marked a low for a minute. The weather has not changed in any material way. This …
Soy Market Commentary
COMMENTARY: The soy has been volatile over the last week and a half. There are potential changes going on that could have an impact. As suggested there will be increased volatility and risk throughout the summer. The feature of the week in my opinion has been the overall weakness in the bean oil market. The Argentinian Bio market is in …
Soy Market Commentary
COMMENTARY: The complex was higher both overnight and through the day. The beans are getting a bid based on weather uncertainty through July/August time period. The bean oil is rallying and leading the charge based on tight stocks at present. In my opinion the stocks will remain tight and price supportive through the summer. As I mentioned yesterday, I want …
Soy Market Commentary
COMMENTARY: The markets today traded both sides. This may be how we settle in for a minute. In this type of environment, the spreads can at times be the best option. The most important feature to me today was that oil share had a significant rebound. The bean oil was higher with meal lower. This is consistent with my commentary …
Soy & Corn Market Commentary
COMMENTARY: SOY: The soy complex was higher. The meal and beans led the strength today. Consequently the oil share dropped a bit to approx 47%. The July contract went off the board today, without any major fire works in general. The market is led by the weather concerns that indicate weather issues remain a potential problem. The domestic carry remains …
AG Market Commentary
COMMENTARY: This is more of a general commentary today regarding the AG markets. The soy today had a reasonable move up. This at present is driven by the global veg oil strength. The July oil share will expire tomorrow at 48-50%. The Aug in my opinion will trade to 50-52%. This is fueled by the tight Canola crop in Canada. …