Marketing Partners Advisory: Weekly Conference Call Recap

The following are comments and discussion items from the weekly conference call of the recommendations group of Marketing Partners Advisory.

Discussion Items :

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  • There are no new cash recommendations.
  • The U.S. is talking of increasing tariffs on EU auto imports. This could impact U.S. soybean exports to the European Union.
  • Talk of African Swine Flu spreading in China could reduce pork demand and soybean imports.
  • The USDA Annual Outlook conference is expected to release new 2019/20 U.S. Supply and Demand numbers.
  • South America weather is mostly favorable for crops. Brazil soybean harvest is near 40% done.
  • U.S. 2019 spring weather could be wet and cool. The summer could be near normal.
  • U.S. cold and wet winter could slow early U.S. Midwest spring field work and cash grain movement.
  • U.S. country elevators are talking about building additional storage in carry markets, especially for soybeans.
  • Managed funds are short Chicago wheat, are even soybean, soymeal and corn, and are long soyoil.