AG TIME – And Now We Wait

John WalshGrains

The Soy markets are biding time now. The beans have bounced a bit. This could continue with a further reduction in ratings. The bean ratings, like corn, are in a high end of the condition ratings from a historic perspective. My personal upside potential without a real problem is 865-880 basis Aug. For the record that should push Nov 19 …

AG TIME – Macro changes

John WalshGrains

The soy under pressure led by meal. This may be the beginning of something. The meal has been the strongest part of the soy. This has driven oil share down to 30% and the crush margins near record price. The global landscape will shift from a tight meal market ( although I question this was ever the case), to a …

AG TIME

John WalshGrains

The soy continues under pressure. The 6th is the deadline for China and the US. This whole scenario has shifted some scenarios into play. First the markets in my opinion are over supplied. Given the weather, the global carry, prices were due this break. Trump will play hard ball if China does not give on the trade imbalance. I really …

AG TIME – Summer Market

John WalshGrains

The soy was down nominal again today. The bean exports are lagging. The Chinese are buying Brazilian. The real has moved into a position that makes it difficult to not sell into the export arena. All aspects are working against the beans at present. This trend should continue and can open the door for further declines. As I have stated, …