Soybean Report, 01/20/2016

Wednesday, January 20, 2016


Overnight action is leading us lower into the depths of the commodity vortex. While economies continue to struggle or are perceived to be on the precipice of disaster, oil is the major player beating a path into the darkest hole. Every other market seems intent to play lemming and follow. Fundamentals continue to point to ample supply and dampened demand. Even bean spreads lightened the load overnight a tad. SA weather is not threatening. US planted acreage is expected to increase or at a minimum stay stable with the reduced SRW acreage surprise last week the main focus. As long as the US$ remains strong, a solid, fundamental, sustainable rally will be elusive until a crop disaster hits. Look for lower prices to reign today as the depths are probed for a temporary floor.


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