Tag Archive

The Crude market continues to climb. This is driven by the administration policy regarding energy. The perception has changed. The average price of Gas in all 50 states is above $4.00 per gallon. This is a first time ever moment. Diesel prices are at all time highs. The stock market continues to exhibit weakness. Look for more of this given …

SOY The beans are charging ahead over the last few sessions. The thoughts are the clearing weather in the Midwest will not add more bean acres. This may or may not be true. The recent Chinese purchases are also a supportive factor. The market is hoping for and anticipating more. Also helping beans is the recent strength in meal. Moving …

GENERAL The crude is up $5.00 per barrel today. The macro concerns continue to feed a bid. The stocks are down again with the Dow down over 300 at present. The macro is down here in my opinion. The value hunters will buy and continue to lose. The reality is the global fundamentals have changed. Interest rates are rebounding, the macro …

SOY The beans rebounded today. The planting progress released yesterday afternoon may be the reason. The progress continues short of expectations. The current numbers are 12% planted. A gain from the previous week at 8%. This is well below the 5 year average at 24%. The weather next week will be important especially in the northern growing states. This is …

GENERAL: The Global atmosphere has a negative tone. The war in Ukraine is a real concern for various aspects of the market. The energy sector continues to receive a bid. This volatility will continue. It appears to me there is a lack of understanding regarding the potential slow down that appears to be coming. The EU appears to be slowing. …

COMMENTARY: The beans have broken approx one dollar per bushel over the last week. This is fueled by the retreat in the energy prices. Also, the talks in Ukraine regarding a settlement with Russia. There may be larger thoughts at play here as well. First, the Chinese demand is declining. This is supported by recent sales numbers. Second, the global …

COMMENTARY: The markets rebounded today led by beans and meal. The vegoil lost share today. I’m not consumed with the flat price direction today or tomorrow. The market will be volatile. Each day I see predictions. KEY REVERSAL, TOP, ETC. I am not being critical in any way at present. A technicians job is to tell the market what is happening daily. …

COMMENTARY: The USDA report was released today. The were no new surprises. The bull was not however fed today. I have a couple minor thoughts related to today. The domestic carry at 285 is supportive. However, the south american crop is probably fairly well estimated and given the recent rains the decline in production has halted. The point is that …

COMMENTARY: The bean market corrected today. The trend has been up in a very large protracted way. The weather in the southern hemisphere has been the key driving force. The market took a breather today due to the USDA report tomorrow, in my opinion. The two week weather outlook appears to remain hot and dry in critical areas. The reality …

COMMENTARY: The bean market corrected today. The trend has been up in a very large protracted way. The weather in the southern hemisphere has been the key driving force. The market took a breather today due to the USDA report tomorrow, in my opinion. The two week weather outlook appears to remain hot and dry in critical areas. The reality …