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Tue, May 13 2008 

Grains

Grain Outlook: Planting delays bearish for beans

On-going developments in the Argentina situation have had old crop beans on a roller coaster. Early in the week, there were indications that two or three soybean vessels' destinations had been switched from the United States to Argentina and prices plummeted. ....more>>

  • Grain Outlook: Dollar recovery puts pressure on soy
    The delayed corn planting provided pressure on the assumption fewer acres will be switched from beans to corn. Another week will provide us with a much better idea of how the Argentine situation will play out.
  • Grain Angles: Watch for farm bill’s market impact
    It has been a long time since the weather has been this uncooperative in the Upper Midwest. Planting progress is falling behind, but it is difficult to say if the market will react or not.
  •  Grain Outlook: Wet conditions hold up planting
    Wet conditions across the Midwest have doused early corn planting ideas. This would usually lead to more bean acres being planted than initial estimates indicated. This year may see some of that switch, but availability of quality bean seed may curb that number this year versus past years.
  •  Grain Outlook: Argentine strike may resume
    This week the U.S. Department of Agriculture released the April supply-demand report which showed an import increase of 4 million bushels, an increase in crush of 5 million bushels, exports 50 million bushels higher and seed usage up 6 million bushels.
  • Grain Angles: No surprises in intentions report
    In a four-week period what the market lost the first two weeks it gained back in the last two weeks. This is probably typical of what we will see the rest of the spring and summer.
  • Grain Outlook: Double-barreled bearish beans
    Based on fundamental analysis of both crop years’ balance sheets, it looks like there should be some price erosion in soybeans, but as shown already this week, if corn continues to rally, beans will have a tough time going down much.
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