Aug 23, 2014
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Current Marketing Thoughts

RSS By: Kevin Van Trump, AgWeb.com

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

Will Bullish Bean Story be the Surprise in Today's Report?

May 09, 2014

Soybean traders seem to all be leaning over the bearish side of the boat in regard to new-crop soybeans. That is most are anticipating huge record acreage numbers, record yields, and ending stocks of over 300 million bushels. I certainly understand the argument, but tend to become extremely scared when everyone is on the same side of the boat. From where I sit, the real "surprise" or shocker would be to the bullish side. In other words if the USDA doesn't come out with extremely bearish new-crop data we will catch a large portion of the trade offsides and prices in turn could actually move higher, rather than lower like so many anticipate. With already having 60% of my new-crop priced, I am content on taking some risk and riding out the potential storm as I wait for higher prices.  Global meal demand still remains extremely strong and the Chinese hunger for beans seems to be reemerging as of late.   CLICK HERE for my daily report.....

Keep Your Eye On The Chinese Estimates: The trade is very curious as to what the USDA is going to say in regard to Chinese soy imports. will the USDA elect to leave their estimate of 69MMT's intact or will it be lowered a touch like many believe it should?  How high will they push their 14/15 Chinese import estimate...is 73-74MMT's out of the question?   CLICK HERE for my daily report...

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