COMMENTARY: SOY BEANS – The beans continue under pressure. The USDA will release a report tomorrow. The supply side is expected to increase 50 million bushels. I will not be surprised to see a 70-90 million bu increase. This will put the carry close to 400 million bu as we enter the new year, if realized. I say if, as …
Soy & Corn Market Commentary
COMMENTARY: SOY BEANS – The beans again were under pressure. The reasons remain the same. The export picture is questionable with the Brazilian prices cheaper and offered earlier than typical. This has the US window in a bit of potential jeopardy. In addition the weather has been beneficial to the planted acres in the southern hemisphere. This is leading to …
Soy & Corn Market Commentary
COMMENTARY: SOY BEANS – The beans broke sharply today. The recent low of 12.05 may be the next target (march contract). While the sales this week are improved. The bigger reality is the overall exports are down. The weather in South America is improved and ample for a bit of time here. In addition the availability of Brazilian beans is …
Soy Market Commentary
COMMENTARY: SOY BEANS – The beans have bounced in a modest fashion. The rally in my opinion has more to do with feedgrain strength, than any bean fundamentals. The flat price could be influenced by the Chinese demand going forward. It is clear the beans will lose market share to south america. The weather at present in Brazil is excellent. …
Soy Market Commentary
COMMENTARY: SOY BEANS – The beans started higher today with the feed grains moving higher. The strength spilled over. However, this was not able to hold as the reality of weak exports pressured beans to lower levels. The weather in Brazil has been very good. The soil moisture levels are now in good shape. This has many private analysts predicting …
Soy & Corn Market Commentary
COMMENTARY: SOY BEANS – The beans started higher this morning. The sales yesterday were a plus, and the corn strength spilled over. The market eased as the day went on. The beans as I have mentioned do not have reason to be this elevated in my opinion. The harvest has slowed due to rain. However, the progress is good. The …
Soy Market Commentary
COMMENTARY: SOY BEANS – The soy saw a two sided trade today with the export sales leading some early buying . Both the Chinese and México were buyers . China 199 t , Mexico 125 t . The beans in my opinion have little reason to exhibit strength at present . The Brazilian crop is making rapid planting progress . The private …
Soy Market Commentary
COMMENTARY: SOY BEANS – The market rallied today. The reasons could potentially include that the global veg oil markets have yet to ease. It is important to note that supply issues are being satisfied, albeit slower than wanted. The export inspections have picked up, and the market appears to be grabbing this as a big deal. It appears important to …
Soy & Corn Market Commentary
COMMENTARY: SOY BEANS – The beans were a bit lower Friday after the recent appreciation in price. The recent sales mostly to China have been better. The weekly sales were just under 2.9 mmt. This is a positive but the Chinese purchases are way off at present. The weather in South America have been beneficial. However, duly noted they are …
Soy & Corn Market Commentary
COMMENTARY: SOY BEANS – The beans were higher yet again. Interestingly, the tech picture has not shifted to bullish they way I look at it. The market in my opinion is following a general theme of inflation. This with a general fear of the potential for La Nina. The market tends to focus on what it wants to. The current fundamentals …