Morning Thoughts – Jan 31

Morning Thoughts – Jan 31

by | Jan 31, 2017 | Nesvick Trading Group

Grains – After briefly touching new highs soybean futures have been in correction mode for a little more than a week now.  One market that appears to have no interest in any such corrections is the Brazilian real.  The USD-BRL is on the verge of breaking into...
Morning Thoughts – Jan 26

Morning Thoughts – Jan 26

by | Jan 26, 2017 | Nesvick Trading Group

Grains – Export sales are due this morning, here are expectations: Corn 700-1,100 Soybeans 450-700 Soymeal 120-250 Soyoil 10-25 Wheat 200-500 Here were the flashed sales during the period: 1/17—103k mt corn to unknown for 16/17 1/19—110k mt corn to unknown for...
Morning Thoughts – Jan 25

Morning Thoughts – Jan 25

by | Jan 25, 2017 | Nesvick Trading Group

Grains – Though it has been well over a week since the USDA’s Grain Stocks report, I thought it might be worth a quick look at the annual breakdown of US grain storage capacity and how Dec 1 stocks look in reference to capacity. USDA reported that total on-farm...

Morning Thoughts – Jan 24

by | Jan 24, 2017 | Nesvick Trading Group

Financials – Big news out of the UK this morning as the supreme court ruled that PM May must seek an act of Parliament to trigger the two-year countdown to Brexit.  The ruling passed by an 8-3 vote.  The judges also ruled that legislatures in Scotland and...

Morning Thoughts – Jan 23

by | Jan 23, 2017 | Nesvick Trading Group

Grains – The old saying of course is “oats knows”, but I found it somewhat humorous that virtually nobody knows what is going on behind the latest oats rally.  I will state unequivocally that I know very little about oats, but I’ve done some asking around to...