Currently viewing the tag: "AGMASTER"

AGMASTER 03/21/18

On March 21, 2018 - 1:51 PM By

MAY BEANS A perfect storm descended upon the Bean Complex yesterday – in the form of rains in Argentina & the Plains, fears of a China Trade war & a bulky open interest!  It all resulted in a predictable downside flush-out of 23 cents- giving May Beans their lowest close since Mid-Feb! FACTORS IMPACTING THE […]

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AGMASTER 03/07/18

On March 7, 2018 - 11:57 AM By

MAY BEANS May Wht grabbed the spotlight this past week – rallying over 50 cents From last week’s close – feeding off severe drought in the Western plains!  This coupled with Continued Argentine dryness was more than enough to spark 4 higher consecutive closes for A 25 cent weekly gain!  Even Trumps  proposed tariffs weren’t […]

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AGMASTER 02/27/18

On February 28, 2018 - 4:25 PM By

Despite lackluster exports & active farmer selling, Mar Beans advanced 15 cents In a holiday-shortened week – once again on the back of Argentine dryness!  Fears that Sudden rains would push the mkt limit-down – have been replaced by reports that have Escalated the % of land impacted up to 2/3 – also dryness in […]

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AGMASTER 02/22/18

On February 22, 2018 - 9:15 AM By

In the past 6 trading days, Mar Beans have exploded for a 60 cent gain (low to high) Making new contract highs along the way! The main catalyst has been Argentina weather – Too dry & too hot – which has steadily ratcheted down the crop estimate of Argentine Beans. This sudden upside move is […]

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AgMaster Report 12/18/17

On December 18, 2017 - 2:45 PM By

JAN SOYBEANS Early Dec, Jan Beans posted new Fall highs at 1015 off fears that dryness in Argentina & S Brazil would reduce their production.  But subsequent rains in S/A altered the landscape – igniting a 50-cent correction- 20 cents of which happened this week!  Also fueling the break was the Dec USDA Report – […]

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AgMaster Report 12/11/17

On December 11, 2017 - 2:36 PM By

JAN SOYBEANS Stellar exports & dryness in Argentina & S Brazil drove Jan Beans to 4 ½ month highs early Tues but once again, the mkt failed to hold gains over $10 – retreating late week for a 989-weekly close!  While the mkt was only 5 cents lower for the wk, it was a sizeable […]

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AgMaster Report 12/05/17

On December 5, 2017 - 2:34 PM By

JAN SOYBEANS Since early Oct, Jan Beans have been range bound (965-1010) with robust Chinese demand & a lower US Dollar doing battle with the US harvest & early S/A growing weather!  But now with the US Harvest in the rear-view mirror, the mkt was able to push to the top of the range off […]

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AgMaster Report 11/15/17

On November 15, 2017 - 9:00 AM By

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 […]

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AgMaster Report 11/01/17

On November 1, 2017 - 3:43 PM By

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 […]

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AgMaster Report 10/26/17

On October 26, 2017 - 11:18 AM By

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!  […]

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AgMaster Report 10/19/17

On October 19, 2017 - 2:13 PM By

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! […]

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AgMaster Report 10/05/17

On October 5, 2017 - 3:27 PM By

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 […]

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