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Honored Advisor

Re: We Gonna Get A Rally?

isc76cat, 

Has quietly been the smart guy in the room now for several years........ 

I don't think it is fair, Mike..... 

I'd call it discrimination but then he is nearly as short as I am...

I had my hand up first and he just blurts out the answer ....... It's just not fair.....

 

I know i shouldn't sit on the back row but I am way over here.... see.....see......seee......    images.jpeg

 

I know Iknow I know   ......

 

Over here ................

 

president-jimmy-carter-right-hand-wave.jpg

 

NIRP, ZIRP & PIRP,,,,,,,,,,,,,,,,,,,, Those were the brothers who kept the peace in Dodge City, Ellsworth, and Abilene.   I knew that, I knew that..........

 

That guy from Minniesoooota is wrecking the curve.....  We are grading on the curve right????

 

 

 article-1251828-007F32C500000258-294_233x273.jpg

 

 

 

 

 

 

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Veteran Advisor

Re: We Gonna Get A Rally?

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Veteran Advisor

Re: We Gonna Get A Rally?

I love Fred the Flinestone. He stands for a lot of things. SW, you may be short but you are mighty. Much like the soybean market, as of late. Short physical crop, but really standing tall the last few days.

 

 

Mike

 

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Veteran Advisor

Re: We Gonna Get A Rally?

Sell, Sell, Sell! That is what seems to be the message, today, for soybean farmers. Steve Wagner, CHS Hedging market analyst puts it this way:

 

"It's all about the rally in soybeans. The market has given producers an opportunity to sell new crop soybeans at very good levels. The problem is they don’t understand why we’ve rallied.  Soybean oil and  soybean meal have driven the soybean market higher initially when funds bought bean oil and now when they’re unwinding their short soybean meal position we’ve rallied $.80. I expect to see a slightly higher ending stocks for soybeans. Weaker exports and lower crush puts ending stocks for soybeans at 465 million bushels. Wheat has run its course, dry weather in Kansas has resolved itself, which has pulled KC wheat to contract lows. Endings stocks for all wheat could top 985 million bushels. Corn has been a follower, ending stocks could reach 1.89 billion bushels," Wagner says.

 

Mike 

 

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Honored Advisor

Re: We Gonna Get A Rally?

Mikey, you really need to buy a farm, "very good prices" ?  I'll be happy to unburden you of your paycheck at 60/70¢ on the dollar. I'll even call it a very good deal for you.

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Honored Advisor

Re: We Gonna Get A Rally?

Ha ha ha......."very good levels"    ha ha ha.    

 

Someone has lost their marbles........and also lost complete sight of what successful farming is all about.

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Veteran Advisor

Re: We Gonna Get A Rally?

Argentina is getting hammered with 30-40 inch rains in April. Wow!

Will this rally continue? Let’s take a look at the major contributing factors. USDA’s April Supply/Demand Report Tuesday dropped U.S. 2015/16 ending stocks, helping underpin this week’s rally. That has been followed by news of a strengthening Brazilian currency against a weakening U.S. Dollar. That combination helps U.S. soybean exports.
And the most recent bullish news comes out of Argentina. Non-stop April rains are causing soybean harvest delays and deteriorating crop conditions.
Pablo Fraga, a BLD Rosario market analyst in Argentina, says that 30 to 40 inches of rain have fallen in some soybean-producing areas in April.
“We had record rainfall in February, same as last year. But, the difference is, the rain stopped, last year, in March and April,” Fraga says. In order to get harvest started, we need 10-days of wind and dry weather. But, it doesn’t look like that is going to happen.”
To be sure, the ports in Argentina should have 5,000 trucks of soybeans lined up per day, right now. But, there are only 900 a day, with the harvest delays, Fraga says. “The farm roads are very bad.”

 

Mike

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