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 …
Soy Market Commentary
SOY The beans are supported today. The old crop tightness has been supportive of late this week. The market in my opinion may have dialed the old crop stocks in to the price. The market at some point will begin to focus on the more than ample supply shaping up for the new crop. The weather of course will play …
Soy Market Commentary
SOY The beans liquidated yet again today. The reasons remain the same. The weather prospects are mostly positive. The bean crop has a long way to go till it needs to be overly worried regarding weather concerns. In addition demand concerns given the overall economic outlook are threatening. This is a real issue in my opinion and something I have …
Soy & Corn Market Commentary
SOY The beans again came under heavy pressure closing down over 30 cents across the board. The main reason(s) perhaps are the weather has moderated. In addition, the export sales are slowing. This is significant as the USDA estimates are above most private analysts for Chinese imports. I mentioned yesterday the new crop. However, old crop estimates are still 1 to 2 …
Soy & Corn Market Commentary
SOY The Bean market rebounded today. The advance was led by meal. The meal market is finding interest for a couple reasons. The cost relative to corn got cheap. In addition the oil share is correcting and the meal is becoming a bit more of the leader. The beans are getting a bid also due to weather concerns. This is …
Market Commentary
GENERAL – The Crude is down as we speak 3.00 per barrel. I have no Idea if the market is going to $140 as many of the large banks have suggested. My question regarding that is at what price do you shut consumption down. There are only so many dollars the consumer will spend. Then it is cut back. We, …
Market Commentary
GENERAL – The CRUDE is forging highs today. The fundamentals remain very supportive. The US is not going to change policy. In addition, the UAE indicated that the ability to raise supply relative to the demand is limited. The markets will be supported on the fundamentals and the technical outlook. The big banks, led by Goldman are predicting 140 dollar …
Feedgrain Commentary
The wheat market surged today on the resumption of Russia bombing Kiev. This could limit the advances being made for Ukraine exports from certain regions of the country. The market clearly will be susceptible to each issue from the black sea region. In addition, a port was destroyed in Ukraine limiting export prospects. It seems prudent to expect more problems on …
Market Commentary
GENERAL ENERGY – The crude is down nominally today. Although near highs. The market, as suggested, has the demand, the technical and the political reason to remain supported. The demand destruction theory has yet to materialize. Look for the administration’s stance on energy. The lack of domestic expansion continues to be supportive energy. The natural gas market now solidly above …
Market Commentary
GENERAL EQUITIES – The stocks are rebounding today. This is to be expected after weakness. Again the markets are in a Bear in my opinion. This will continue to be the case as outside influences dominate. The cost of capital is climbing slowly but surely. The cost of goods CPI is going to hurt the consumer. This will have a …