Commentary: The soy continues its rise. The exports have been very strong and are running well ahead of the estimates. In addition the crush will continue to run at a record month to month given the margins. This will drive the pace. The thought is that the Argentinian strike will continue to drive the need for protein from the US. …
Soy Market Commentary
Commentary: The soy worked higher today with beans and bean oil both at contract highs. The Argentinian strike has worried the market regarding product availability. The typical strike there does not last long. I say typical, this is obviously an atypical year, so who can predict. The reality of the market, in my opinion, is that the beans are supported …
Soy Market Commentary
Commentary: The soy performed well today if one is in the friendly camp . There are many aspects of the market to consider at present . First, the US carry has tightened. This is significant as long as the Chinese remain buyers . Second , the south american weather has been supportive . It appears the weather at present is …
Soy Market Commentary
Commentary: The soy had a nice rebound today. The market has pulled back and this seemed like a day of bottom picking. The next move going forward will be predicated on the weather. The recent rains in South America have shown significant improvement. However, there remains dry areas that will start to feel stress over the next 1-3 weeks. This …
Soy Market Commentary
Commentary: The soy had a nice rebound today. The market has pulled back and this seemed like a day of bottom picking. The next move going forward will be predicated on the weather. The recent rains in South America have shown significant improvement. However, there remains dry areas that will start to feel stress over the next 1-3 weeks. This …
Soy Market Commentary
Commentary: The soy was again under pressure. The thought yesterday was that the oil share may start to rise. The trade today did move that way with oil share closing at 32.4%. The market will need to digest the recent weather in South America which is showing more showers. The question will be what can transpire over the weekend. The meal …
Soy Market Commentary
Commentary: The soy has pulled back recently. The beans have fallen approximately 40 cents. The market is attempting to digest the $12.00 bean price. The question is will there be a reduction in demand due to the elevated prices. The potential answer to this question lies in the weather in South America. It appears there have been some reasonable rains …
Soy Market Commentary
Commentary: The week ending on a quiet note. The overnight showed a reasonable jump in prices. The day session settles back. The beans were essentially the leader. The vegoils, due a set back. eased a bit. The long term for vegoils remains friendly in my opinion. The weather over the weekend will be important. The market, in my opinion, has …
Soy Market Commentary
Commentary: The soy complex, as discussed yesterday is in a bit of a tug o war. The meal has been the price leader for some time. This may be changing. The veg oil market in general has been on fire. This is driven by the palm oil stocks at multi year low’s. The oil share has risen from 30% to …
Soy Market Commentary
Commentary: The beans rallied again on the tight carry, concerns over South American rain totals, and scenario. Regarding the Chinese demand, there are a couple of things to consider going forward. The beans and meal have been the upside leader. The meal may be separating from the beans. This could signal a top if only temporarily. The global bean demand …