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 […]Continue Reading →
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 – […]Continue Reading →
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 […]Continue Reading →
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 […]Continue Reading →
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 →
NOV SOYBEANS After the USDA issued yet another Bearish monthly crop report on Sept 12, Nov Beans – after an initial spike down to 20 lower – recovered to a Mid-range close & two days later had traded to its Sept highs – some 40 cents off the report-day lows! This mkt action tells us […]Continue Reading →
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