Commentary: SOY: The beans and meal continued the rally today. There are a couple of reasons for this. The most important driving factor, in my opinion, is that the Chinese have been buyers almost every day. This is a very good thing. It must be considered, with the new export year starting Sept 1, the Chinese in some instances may …
Soy and Corn Market Commentary
Commentary: The soy today was led by the meal closing up 4.5 dollars per ton. This is supporting the crush margins at present. It is important to see where the overall soy numbers are going to fall. It is my thought that the domestic carry will be ample, and the global numbers will continue to expand. The near term fundamentals …
Soy and Corn Market Commentary
Commentary: SOY: The beans were able to show gains again today. The bean oil was the strongest aspect of the complex today. The market in my opinion may have topped this week. The funds are now holding a sizable long position in beans. The weather has moderated, and the later planted beans will be assisted. The yield may have been …
Soy Market Commentary
Commentary: The beans saw a fairly volatile trade today. The meal had a significant gain relative to bean oil. The soy in general has had a large appreciation. The conditions tonight dropped 3%. This is significant. However, it should be noted that the average is still 2% below the current conditions. The main point of this is that the bean yield …
Soy and Corn Market Commentary
Commentary: SOY: The soy was quiet overall, the meal was weaker. The market is watching the weather this weekend. The Pro Farmer tour released their estimates and estimate the US soy yield 8/10ths lower than the last USDA number. This is not overly significant in my opinion. However, if the weather remains dry the last week of the month, and …
Soy and Corn Market Commentary
Commentary: SOY: The soy was under pressure. There are some considerations here. The weather is important this month especially for beans. There has been some dryness, however the bean yields are currently not reflecting this. The Pro Farmer tour is indicating very positive results thus far. It is possible to continue to add to the carry if the weather finishes …
Soy and Corn Market Commentary
Commentary: SOY: The soy was quiet today. The bulls have been in control for the past week based on some weather concerns. The Pro Farmer crop tour is running now. The current schedule in Indiana and parts of Nebraska have shown above average yield potential. This has the market stalled for a minute. There are areas coming up that may …
Soy and Corn Market Commentary
Commentary: SOY: The beans rallied again today. The weather apparently has some concerned that the crop size could decline. The ratings did decline today by 2 points. The Pro Farmer crop tour will begin to release estimates tonight apparently. This could be important as an indication of actually how large the crops are this year. Their doing actual field surveys …
Soy and Corn Market Commentary
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 …
Soy and Corn Market Commentary
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 …