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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 …

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 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 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 …

SOY The beans fall again based on the weather. The markets will liquidate as far as the technical’s will take them. Having said that. There still remains enough growing that the market will need to respect the fact that damage, especially in beans can occur. The  weather at present looks beneficial overall. The dry areas have diminished. The temperatures are of …

SOY The beans were again under pressure. The weather has changed and fewer dry spots have the market in retreat. The market has failed a bit now and probably has dialed in much of the bearishness for the time being. I, however, remain bearish from a macro stand point. I am watching the AUG bean inverse to see if this …

GENERAL EQUITY – The stock indices are rallying today. In my opinion as I’ve said the markets can bounce and are due a correction. It is my contention that the stock market has entered a bear market and the fundamentals won’t turn for some time. It is my thought people want to underestimate the slow down we are seeing. In …

GENERAL The CPI was out. The 9.1 number is higher than anticipated. The ramifications of this reading are just starting to be felt. This number in my opinion does a couple things. First it reinforces the fact that the interest rates will need to continue to climb. This can be quick or over a protracted period. It’s like medicine to …

GENERAL – The stock market is moderating as inflation starts to move more sideways. Please remember sideways at record highs over the last decades. It is my belief the cost of capital will continue to increase. Therefore the stock market rallies represent a sale. It is just where. Quantify the risk.  ENERGY – The crude bounces again today. Please think …

SOY The bean market saw a two sided trade today. The market was able to close a bit higher. This recent fall may be enough for a minute. The crop condition ratings fell 2% week to week. They remain above the ratings last year. The trade however may wait to see how much recent rain, and the forecast will help …