Written 11/13/17) JAN SOYBEANS The trade eagerly awaited the 11/9 USDA Report & were greeted with a bearish surprise – especially for corn – where both total production & yield came out over the expected ranges! It appears that seed genetics baled the mkt out – after a rough weather start! Going forward, South America […]Continue Reading →
NOV SOYBEANS Bean harvest is all but over at 83% done (avg – 84). This validates the Aug 16 low at 921 as the official HARVEST LOW! Since that low was made, the mkt has sideways traded its way higher – currently sitting 50 cents off its low! “Crop Concerns” will shift from the US […]Continue Reading →
Written 10/26/17 NOV SOYBEANS Sterling exports have been doing battle with the harvest pressure of the US’s biggest ever bean crop (4.4 – 4.5 BB) – which has produced a sideways trade since mid-Aug – albeit with an upward bias! With the harvest almost ¾ done, the “old wives tale” says the lows are in! […]Continue Reading →
NOV SOYBEANS Since Labor Day, Nov Beans have languished in a 50-cent range (940-985) – with offsetting fundamentals keeping it under wraps! (HARVEST, EXPORTS, SOUTH AMERICA, US DOLLAR, USDA REPORTS) – that is until last Thur when a basically neutral USDA crop report ignited the mkt upside & to its highest close since early August! […]Continue Reading →
NOV SOYBEANS The last two days, the action in Nov Beans has epitomized the Trading-range nature of the contract thru Sept! On Friday, the USDA issued a friendly Qtly Stocks Report that moved Nov Beans to mid-range, but then today, heavy harvest pressure took away all those gains! FACTORS IMPACTING THE MKT EXPORTS – Mon […]Continue Reading →
Written 8/25/17 NOV SOYBEANS Contrary to what we’ve heard from producers & observed in the Dakotas, the USDA 2 weeks ago Thur issued a very bearish report- raising the production to 4.381 BB – over last year’s record 4.307BB! Many are suspect of these high-ball #’s but you can’t fight city hall. Our feeling is […]Continue Reading →
NOV SOYBEANS We’re definitely right in the middle of a weather mkt with the attendant Volatility – Tues’s action was a prime example – with the mkt opening 25 higher Tues nite – but settling almost 20 lower! The opening was prompted by a larger than expected dip in the crop ratings but was neutralized […]Continue Reading →
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