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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 …

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 …

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 …

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 …

Commentary: Soy The beans have had a very significant move over the last months. The funds have built a significant position. The market has been boosted by the continual decline of the carry. The current number is 190 mil bu. This is low. The current stocks to usage is approx 4.2 %. This too is low. In managing ones thoughts …

Commentary: The soy was higher and gave up as the day moved by. The products were the leader today based on strong global demand. The crush margins are on fire of late. This will keep an inverse on the board for now. In addition, will keep beans moving to the crusher. There is no doubt that the domestic numbers are …

Commentary: The soy was led higher by the meal today. The Brazilian government has lifted import taxes on both corn and beans. The strong export pace has now worn down the domestic supplies. The internal prices are now increasing. The US meal has been the upside leader. The market flat price, as well as the spreads, has shown a large …

Commentary: The soy continues to be led by the meal. There are some considerations to take note of. The meal spreads have all inverted. This is an obvious indication of a friendly scenario. The bean carry on paper is friendly. The question going forward is how much of this is dialed into the current price. Also, will the Chinese actually …

Commentary: The government will release an update tomorrow. The expectations are for confirmation of declines to the balance sheet. It is my concern that the market has adjusted for any numbers we may see tomorrow. The beans in my opinion have dialed in a large production decline. Perhaps a tighter carry than we could see tomorrow. This could prove significant. The point …

Commentary: The soybeans were quiet while the products had a large correction. The USDA will release numbers this week indicating changes in the stocks (reductions). The average guess feels that will be the case in both beans and corn. The beans have put on a healthy rally due to Chinese purchases. The question now is whether the purchases will all …