SOY The beans were lower early based on the weather. In addition the conditions improved 1% yesterday. This is falling in line with the USDA projections for the overall crop. The weather this past week indicates that an increase next week may be probable before the end of summer weather kicks in. The point. The bean crop is a bit …
Soy & Corn Market Commentary
SOY The beans came under heavy pressure today. The weather has shown improvement. In addition, it appears the Pro Farmer tour has confirmed a record or near record crop. The concerns are also present related to the Chinese demand going forward. The US does have a window at present for exports. However, the South American crops in general are looking at a …
Market Commentary
GENERAL – The state of the economy in my opinion is tenuous at best. There remain real concerns domestically, in Europe, and in China. The Chinese are attempting to lift the sagging real estate market through various measures. There are real long term consequences at play from China, in my opinion. The US has its own band of concerns. The …
General Market Commentary
MACRO MOVES STOCKS (futures) – The S & P, and the Dow are up approx 10% from the recent lows. This is optimism based on the moderation in inflation. The moderation again is coming at 40 year highs in inflation. The pundits are predicting that the interest rates will be lowered next year. The probability is that the Fed will raise …
Soy & Corn Market Commentary
SOY The sheer size of the market at present. Specifically what I mean as size. The value of the contract. The beans are worth in the nearby 75,000.00 dollars. This will continue to give big volatile moves. The risk is elevated accordingly. Take caution. Having said that, the beans rallied today as they were due a bounce after the recent …
Soy Market Commentary
SOY The market has been under pressure the last two sessions. The USDA report was bearish. A bit bearish looking at the domestic numbers. The global numbers were the second largest on record with a very ample stocks to usage ratio. In addition, although the crop conditions declined again nominally. The weather has turned beneficial at a key time. The …
Soy & Corn Market Commentary
SOY The soy complex traded both sides today. The overnight was higher. The market is focused on perceived dryness. It seems there were many good rain showers. The weather has moderated. There are pockets of dryness as always. The USDA reporting at present looks about right for conditions. This at present would leave the yield at the current level. The important …
General Ag Market Commentary
The markets traded both sides today and through the night trade. The weather is creating some concern for both beans and corn. There are some dry spots, the rain is hit and miss etc. This is certainly important and needs to be watched. What is concerning me however, at present, is more political and changing. First, the visit by Pelosi …
Soy Market Commentary
SOY The bean market has put on another rally today. As I mentioned yesterday I felt one more up day this week was possible. We have received that and my targets are met. It is my thought the market now will wait and see if rains are received. This will be interesting at present. The market is giving the producer an …
Soy & Corn Market Commentary
SOY The beans are making a quick move higher. I indicated on Thursday last week, any changes in the weather could spark a quick move up. The weather looks hotter and dryer potentially next week. The market if it moves higher will now place the burden on the actual weather. It means it will need to actually get hot and …