COMMENTARY: The soy had a large bounce back today. The USDA will release acreage this week. This, in my opinion, will be an important report for the market. The bounce today was related to the weather in general. Also, I think the recent break had some short, and the market was evening up. There are concerns over weather reports for …
Soy Market Commentary
COMMENTARY: The market had a correction Friday. The beans and oil lost while meal gained. There was an unwinding of the spreads as the supreme court sided with small refiners regarding blending. This, while noteworthy, has little impact today on blending rates. It seems little will change in the near term. What does that mean if true? At present the …
Soy Market Commentary
COMMENTARY: The soy had a two sided day today. The bean oil continues to rebound. The global vegoil market remains firm. It is my thought, given the bio demand, that bean oil will remain supported into late July. The meal market on the other hand remains a bit weak. This is consistent through the global market place. There are some …
Corn Market Commentary
COMMENTARY: The corn can be broken into two. The old and the new. The nearby spreads are reflecting the tight market at present. The new, while a bit friendly given the current carry, is more concerned with the potential acreage increases. The weather has not been ideal so far for corn. Recent relief has been helpful, and more rains are …
Soy Market Commentary
COMMENTARY: The soy is dialing in the current weather forecasts. The crop conditions dropped yesterday 2%. The market is now 10% points behind last year. However, as I have mentioned, it is early to kill beans. The Chinese made the first purchases recently for beans of late. The Chinese may, in my opinion, reduce US purchases going forward. This could …
Soy Market Commentary
BE WELL, COMMENTARY: The markets had a very nice rebound. This was led by beans and oil share. I mentioned yesterday that the oil component may be beaten enough for the time being. There is so much to consider and think through this weekend. Happy Fathers day BTW for all of you out there. I would like to think about …
Soy Market Commentary
BE WELL, COMMENTARY: The markets are under heavy liquidation. Was today enough. Remains to be seen. The risk is so high at present. This is important to keep in mind when looking at strategies. There are many reasons at play today. The weather has changed, and moderated. It appears more showers will be received in the next week or two. …
Soy Market Commentary
COMMENTARY: Meal gained as unwinding long bean oil short meal is in force. The oil share has broken approx 4% in the last week. The weather has moderated. The exports have slowed. The crush pace may very well be over stated. The market will eye the acreage at month end for help with the direction. As mentioned yesterday, the weather …
Soy Market Commentary
COMMENTARY: The soy complex in general has exhibited weakness. The USDA report took the edge off the market with the slight uptick in the carry over. In addition, the weather has moderated in some of the belt. The market seems to also be taking the posture that the critical period for beans is July August. This is true. It is …
Market Commentary
AG SOY The USDA report today was mostly as expected . The 20/21 carry 135 million bu. The 21/22 carry a bit larger than anticipated at 155 million bu . The reality is both are still tight ending stocks. There exists no global tightness. However, due to the extreme situation in the US, this years bean crop is very important …