Soy Update

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soybeans witnessed a lower trade today. The market is under pressure for a couple reasons. The overall demand remains weak for exports. This is due to the Brazilian exports of approx 13 mmt during March, a record. The main destination is China. The USDA numbers yesterday showed a larger carry than anticipated. This could prove important, and could …

Soy Commentary

John Walsh General Commentary, Grains Leave a Comment

Commentary: The soy has been led higher by the old crop. Both beans and meal have been the leaders while the oil share has lost approx 6% in the past weeks. The catalyst for the strength has been concern over the recent weather in South America that has caused reductions in crop size. In addition, for meal, concerns due to …

AG TIME

John Walsh General Commentary, Grains Leave a Comment

The soy quiet but lower. The tariffs are slated to hit more Chinese goods. The African swine fever continues to quietly spread. The market, I believe, will need to deal with the latter for some time. It is there to stay until eradicated. The setup in China makes the spread easy. I remain bearish soy. However, the market has fallen …

Tasks at Hand

Steve Bruce Grains Leave a Comment

The USDA will issue new production and supply/demand estimates next Wednesday at 11:00 am Chicago time…………………Trade estimates are being released and it appears that the expectation is for the bean crop to be larger than the previous USDA estimate in August while the corn crop could be very close to the August estimate…………….Carry over projections in both domestic and international …

AG TIME – Same Tunes Different Day

John Walsh Grains Leave a Comment

The soy down yet again. The commentary here sounds like the same tune over again. The weather has been good here towards the end of the growing season. The conditions are hanging at a high level even with an advanced crop. Will the government add bushels as the pro farmer crop tour saw? Remains to be seen. A saying “big …