Morning Thoughts – Dec 28

Morning Thoughts – Dec 28

by | Dec 28, 2016 | Nesvick Trading Group

Grains – It is perhaps worth noting that the Brazilian soybean export line-up is starting to show signs of perking up.  The line-up posted yesterday showed the largest soybean tonnage seen since early fall.  Though still below last year’s levels, which weighed...

Morning Thoughts – Dec 27

by | Dec 27, 2016 | Nesvick Trading Group

Livestock – Cash cattle news was quiet on Friday.  For the week it looks like sales were up about +$4 at $116.  Today cash activity should be limited to the distribution of showlists.  Initial asking prices should be around $118. The market will likely trade the...

Morning Thoughts – Dec 23

by | Dec 23, 2016 | Nesvick Trading Group

Livestock – Cash cattle business picked up yesterday and some prices were as much as +$4 on the week.  It looks like most cash business could be done for the week. The strong cash prices helped push LCG, the most active contract, to its highest level since...
Commodity Channel Index Basics

Commodity Channel Index Basics

by | Dec 20, 2016 | Blog

Commodity Channel Index Calculation The Commodity Channel Index (CCI) is an oscillator that helps to identify overbought and oversold conditions. This means that at the top of an uptrend (or the bottom of a downtrend), the Commodity Channel Index aims to provide a...
Morning Thoughts – Dec 15

Morning Thoughts – Dec 15

by | Dec 15, 2016 | Nesvick Trading Group

Livestock – Other than on the Fed Cattle Exchange cash cattle sales were pretty quiet.  In my opinion, sales on the Fed Cattle Exchange were a bit of a disappointment.  The sales weighted average price was basically equal to last week, at $110.47 it was up $0.19...