Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: A few brief thoughts regarding the markets. There remains some unknowns certainly given the global climate. However, the Chinese are buying beans. Some of this is to restock, some is the push to expand hog production to fuel the crush. Regardless, the bean market has a couple near term pluses in addition to the purchases. The USDA 395 carry …

Food for Thought

John Walsh General Commentary, Grains Leave a Comment

Commentary: Looking at the current supply demand scenario and the USDA releasing numbers tomorrow. I have pondered what I am perceiving are some possibilities. First the soy exports may be a bit overstated. Second the acreage may well be understated by as much as 2 million acres. These are important numbers given the current global stocks. When I look at …

Soy Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soy has rallied approximately forty cents over the last month. This rally was sparked by Chinese purchases. The Chinese have increased the import agenda in soy in order to replenish stocks that were lower than normal. The Brazilian has been the dominant player to China over  the last six months. It is presumed that the crop harvested last year …

Soy Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The USDA released soy estimates today. The old crop stocks were at 580 million bu. Not overly friendly. At present however the US has moved into the prime supplier to the world given the lack of ARG exports, and the Brazilian having exported a lot of late. The currency is also a consideration. These facts can negate the bearish old …

Market Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: These comments are offered pre report. Tomorrow the USDA will release the supply and demand estimates. There are a few considerations. The Chinese are purchasing beans at present. The US has moved into a position where beans are now a bit cheaper than the competition. This could hold true for a bit depending on currency valuations. The estimates for …

Soy Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soy rebounded today. The Chinese purchased 300 t mt of US beans. The thoughts are we should see more purchases to fill the late summer time slot. This is needed and gave the market a shot in the arm. There are many questions that remain given the overwhelming scenario we have witnessed. The planting progress is on par …

Soy Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: Some general thoughts given the surreal environment  we are navigating. The fundamentals of each market will dictate the price discovery. However it may be of value to consider how quickly the perceived fundamentals can change. Especially given the fact that approx 3 Trillion dollars have been and is in the process of being moved into the economy in one form …

Soy Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The beans were up today following some strength in outside markets. In addition the Chinese made a purchase of 200t tn. This proved to get a bit of excitement going that the Chinese would continue to follow through on the trade agreement. It seems logical that given the covid they have much more reason to follow through on any agreements …

Soy & Corn Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: Today was an historic day in some sense. The crude traded down to negative $40. Yes that is correct a negative. The situation dictating someone will get paid to essentially take the crude. This has ramifications on the global structure of many commodities. The long term scenario needs to be digested as rash decisions are not advised at present. …