Morning Thoughts – Nov 30

Morning Thoughts – Nov 30

by | Nov 30, 2016 | Nesvick Trading Group

Livestock – Cash cattle trade remains slow this week.  There was some very light trade of 84 heifers in NE at $170, near the low end of last week’s trade range.  Most action is probably waiting until today’s Fed Cattle Exchange is done. Cutout held together...
Morning Thoughts – Nov 29

Morning Thoughts – Nov 29

by | Nov 29, 2016 | Nesvick Trading Group

Grains – USDA today will release its “early look” of selected tables on its long-term projections through 2026 later this morning.  I personally never put too much thought into these figures, as they are mainly done for government budgeting purposes, but one can...
Morning Thoughts – Nov 28

Morning Thoughts – Nov 28

by | Nov 28, 2016 | Nesvick Trading Group

Grains – The USD-BRL cross is basically steady at the time of writing this morning, but it remains close to recent lows.  Meanwhile CBOT futures continue to rally, putting more reals in the hands of the Brazilian farmer these days.  The chart below shows SK...
Morning Thoughts – Nov 22

Morning Thoughts – Nov 22

by | Nov 22, 2016 | Nesvick Trading Group

Grains – Yesterday posted another very impressive performance for the soy complex while corn and wheat traded somewhat listlessly until the late stages of yesterday’s session.  It of course begs the question, has anything changed recently that dramatically...
Morning Thoughts – Nov 21

Morning Thoughts – Nov 21

by | Nov 21, 2016 | Nesvick Trading Group

Grains – I have no major news or data to pass along this morning. We have started the week following inline with last week’s late strength. Friday’s COT report showed larger net selling in ag futures than expected, and that might be viewed as somewhat...