Please join me every Thursday at 3pm for a free grain webinar. We discuss supply, demand, weather, and the charts. Sign Up Now Here are some trade ideas to consider that are longer term in nature. I am advising a course of actions that are currently counter to where managed money or the overall trend is at currently. Whether they …
Chart of the Day – July Soymeal
The information and opinions expressed below are based on my analysis of price behavior and chart activity Tuesday, May 27, 2025 July Soymeal (Daily) Today, July Soymeal closed up just 1 tick and settled at 296.30. Last week, this market staged a mini-rally from Tuesday’s low (290.10) to Thursday’s high (299.60) and the 5- and 10-day moving averages made a …
5 Minutes on the Markets – 04/28/2025
This is posted every morning at about 8 AM, before the markets open. Livestock markets closed fairly strong on Friday, with Feeder Cattle posting new contract high closes. Lean Hogs lean the way, though. Talk this morning of US/MX border being closed to MX Cattle imports on April 30th, due to more concerns with screwworm. Grains lower overnight, with Wheat …
5 Minutes on the Markets – 04/17/2025
This is posted every morning at about 8 AM, before the markets open. Livestock markets traded higher on Wednesday. Both of the Feeder and Live Cattle markets posted decent gains, continuing the long-term uptrend. There is a Cattle on Feed report due today, after the close. Lean Hogs led the way, however, with the June contract posting a strong bullish …
Soy Commentary
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
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
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
Commentary: The beans and meal were both under pressure. The reality of the market is an ample global supply of beans. The domestic carry is ample. The question is will bean acres remain constant. The planting pace is quick thus far. This looks true for both beans and corn. The Chinese are due in for US beans. The Brazilian dominated …
Soy Commentary
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
Commentary: The beans remain mid range of the last months trade. The fundamentals are not overly friendly given the global carry. However, the domestic numbers have been supportive. It is possible the Chinese start buying US beans going forward. The Brazilian has dominated over the last couple of months. This month as well. The pace is not sustainable with production …