Tag Archive

Commentary: SOY: The soy complex had a fairly active day with reasonably large advances led by beans and meal. The market, as I mentioned yesterday, is pushed by recent Chinese purchases and the recent weather event. It is my belief that the recent weather while friendly corn, did not do much harm to the soy. The overall bean numbers in …

Commentary: SOY: The USDA released the WASDE report. The bean yield was raised which puts the carry at 610. My early thoughts were a 650 carry. This may still come to fruition. The global numbers are large at 95.36 mil mt. The futures shrugged this off today as the recent weather gives pause for concern. In addition the Chinese have …

Commentary: The soybeans ended a bit lower, along with the soy meal market. The weakness continues based on the higher ratings and concerns regarding the Chinese US relations.  It is possible the beans and meal pause for a minute here before going lower. The beans are made in August as the saying goes and the market may wait to see a …

Commentary: The soy did rally today and it was led by meal strength. The oil share is taking a bit of a breather after its recent rally. The meal and beans could extend the rally a bit further. The Chinese are buying beans and could continue to purchase US beans into August. The Brazilian has sold himself into a temporarily …

Commentary: The soy has rallied into an area of resistance. The question now will be what can fuel a further rally. There should be a level of realism regarding supply and demand. I am not sure that is what is driving markets today. The global carry is ample and will grow more without a major weather event. I see the …

Commentary: The soy rebounded today led by the beans and meal. The weather remains in question and offered support. There is little that is unknown today. The weather will play a key with development. It seems important to note that the soy is not in a critical stage at present. The recent run up should be viewed as an opportunity …

Commentary: The soy was under pressure today. Modest pressure. The main reason in my opinion was the scattered showers received. In addition, the lack of a clear cut drought pattern. It is my belief the beans may have a bit more of a rally, depending on the weather. The reality remains that the overall crop conditions are doing well and …

Commentary: A couple brief thoughts regarding the markets. I trust everyone enjoyed the fourth. Here we go, the desire to find a hot dry comparison. The 2021 season is drawing attention. First I would say that mother nature is truly unpredictable. Anything is possible. However, it is my thought today that the temperatures overall are normal for this type of year. …

Commentary: The Nass report today opened the door for some reasonable expectations and adds a good feeling to the markets. First the soy complex witnessed reasonable fund buying through the day. The report today added approx half a million acres. The trade was looking for a larger gain. The bean rally could extend a bit further and then sales could …

Commentary: The soy was under pressure today . The weather remains very beneficial over all. The exports while up from recent history lack the fire power to get anyone excited. The Chinese spent a lot of their recent needs on Brazil.  This puts Brazil in a sold out situation. It also makes one think last years crops were larger than reported. …