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Commentary: SOY                (n) crush 61 cents , (n) oil share 36.6% The markets rebounded  today. The Brazilian harvest remains a bit behind schedule with harvest. This is the slowest pace in approx a decade. The market is finding some support with this. The other side of the coin is that the Brazilian crop appears to be larger than anticipated earlier. The firm …

Commentary: The soy corrected across the board today . The beans , meal , and oil ,with the vegoil the downside leader on a relative basis.  The funds appear to be lightening the length on some profit taking perhaps . The crush for Jan was released . Another record for the month at 196.5. The all time record is 196.6 mil …

Commentary: The soy had a very significant move up today. The move was similar to yesterday. The meal led early. The oil took over and meal failed. The fundamental picture has been supportive. There are some considerations here to take not of. First the beans and meal are not the cheapest in the world at present. This does not mean …

Commentary: The soy was very well supported today. The market was led by meal early on. The bean oil, as well as oil share, were the large winners by days end. The market today was supported by the general fundamentals. In addition, talk that Ukraine may need to purchase US beans as the domestic market has tightened. The global veg …

Commentary: SOY: The soy is being led by the bean oil. It has been my belief that the bean oil will continue to exhibit strength. Therefore, if correct, oil share will gain. The carry continues to be supportive beans. The USDA outlook forum predicts 7 million more bean acres with 1 million more corn. It is my this thought will prove …

Commentary: The markets were fairly quiet today. The Meal oil had a correction. At present the oilshare stands at 35%. I am watching this closely. The veg oil market can be a bit more inelastic. The meaning here is that the global stocks remain supportive at present. The oil usage should stay strong through the year. The demand for soy …

Commentary: The soy rallied back today. I don’t have a long commentary here today. The fundamentals are what they are. The question is are they baked in the cake at these levels. It is a thought for consideration. The market activity today is essentially an inside day. Tomorrow being Friday, a Friday before a holiday weekend. It will be important …

Commentary: The soy closed sharply lower today. Let’s review briefly yesterday’s numbers. The domestic numbers were much as anticipated. The carry drops to 120 mil bu, due to the crush and exports being raised. It is true the shipments relative to sales, thus far, are excellent. The crush as well, has been very strong due to reasonable margins for quite …

Commentary: Let us take a look at the other side of the coin. First, I would like to start by saying that the bean carry is very tight. This is what has fueled the recent historic run up in prices. I would like to remind that the market in beans is up over $25,000 per contract in the last twelve …

Commentary: SOY The USDA report confirmed a further tightening of soy stocks. The projected carry now at 140 mil bu. This is significant. The question going forward is the Arg crop. The Brazilian crop at present, according to the USDA, will remain at 133 mmt.  In fairness the weather in Brazil has been relatively speaking decent overall. The Arg weather has …