COMMENTARY:SOY The soy started higher after the conditions report yesterday showed a further decline. This was a bit of a surprise to the market given the recent rains that have been received. In addition the Chinese have been recent buyers of soy from the US and the southern hemisphere. The bull story coming into the close may be tired. The …
Soy & Corn Market Commentary
COMMENTARY: In my humble opinion today was a day of change. The corn moved into the leadership position in the AG space. The beans have been dominant. It is my thought now they are a follower. First, the corn carry was reduced. This is in line with my thoughts. The 21 carry is est 1.117 bil, the 22 carry 1.242 …
Soy Market Commentary
COMMENTARY: The beans were higher overnight due to some Chinese purchases. This has been a feature for a few days now. As the day went along the market eased. Especially the Aug contract which closed sharply lower. The market will await the USDA report tomorrow. The average guesses are expecting a production decline. I remain unconvinced this will be the …
Soy Market Commentary
COMMENTARY: The beans and oil bounced a bit today. The condition ratings last night were unchanged in the soy. This was a bit of a surprise to me. I thought with the recent rains the ratings would be up. I want to shift focus to the macro process here. It is my thought that the Chinese are slowing purchases. The …
Soy Market Commentary
COMMENTARY: The soy is mixed today with the beans and bean oil down, while meal is bouncing. The crop condition report today should show some improvement in the bean yield given the recent moisture. As discussed previously, the bean yield in my opinion can show improvement this month if rains are timely. The month is off to a fair start. …
Soy Market Commentary
COMMENTARY: The markets were sideways to lower this week. The weather looks to improve here in the next week. The recent rains have also been somewhat beneficial. The weekend may prove important for prices if rains are received as predicted. The products are at an important stage in my opinion. The oil share has lost ground here and is back …
Soy Market Commentary
COMMENTARY: The soy complex was under pressure. The recent rains have helped to show improvement overall. The conditions have shown increases this week for beans. This was not expected from the trade. Finally more rain is forecast over the next two weeks. As mentioned, it is my belief rains can increase yields through August. This would change the balance sheet …
Soy & Corn Market Commentary
COMMENTARY: SOY: The soy bounced today. The crop ratings yesterday declined. This was a bit of a surprise. The market however struggled to hold on to the gains as the session went on. This was significant in my opinion. The complex was led by meal. In my opinion the market will start to look at the August weather potential. As …
Soy Market Commentary
COMMENTARY: The complex was sharply lower last night. By the morning the bean oil was higher and the rest had pared down the losses. The close tonight paints a different picture. The oil share leading the way. This was not a explosive day but a steady move higher. I have a few thoughts going forward regarding beans. It is my …
Soy Market Commentary
COMMENTARY: The complex was sharply lower last night. By the morning the bean oil was higher and the rest had pared down the losses. The close tonight paints a different picture. The oil share leading the way. This was not a explosive day but a steady move higher. I have a few thoughts going forward regarding beans. It is my …