Sep 19, 2014
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Current Marketing Thoughts

RSS By: Kevin Van Trump,

Kevin Van Trump has over 20 years of experience in the grain and livestock industry.

Bean Dynamics Stay Bullish...

Mar 25, 2014

Soybean bears are starting to talk more about the falling basis levels in South America and the fact Chinese "letters of credit" on a few of the latest US shipments have been questioned. There is now some talk by the bears that the USDA's current Chinese import estimate of 69 MMTs might be a bit high, perhaps 66-67 MMTs is now a bit more realistic. The main driving dynamics remain in place: US old-crop supply shortage, heavy fund interest, and questions regarding South American production and logistics.  The trade is now clearly preparing for next Monday's onslaught of USDA numbers.  Stay tuned as traders adjust to the latest exports, imports, ending stocks, planted acres, etc.  

Argentine Logistical Problems: There was more talk from inside Argentina that a few ships had run aground. From what I am hearing the situation has been cleared up and movement is getting back to normal.  Point is, even though the Argentine supplies are starting to come online it doesn't necessarily mean the crop is going to easily make it out of the country!                                                            CLICK HERE for my daily report...

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