Morning Thoughts – Jan 10

Morning Thoughts – Jan 10

by | Jan 10, 2017 | Nesvick Trading Group

Financials – Overnight markets have been fairly quiet it appears with only modest gains in world equity markets noted.  The UK’s FTSE 100 has hit new record highs each day this new year so far, largely as a result of the pound weakness since the start of the...
Morning Thoughts – Jan 9

Morning Thoughts – Jan 9

by | Jan 9, 2017 | Nesvick Trading Group

Grains – The index rebalance looms large this week.  I believe the rebalance efforts “officially” start tomorrow but I think we’d be fooling ourselves if we didn’t think some of the necessary actions have already been taken.  We also have to remember that this...
Morning Thoughts – Jan 6

Morning Thoughts – Jan 6

by | Jan 6, 2017 | Nesvick Trading Group

Grains – The US soybean export program has begun its seasonal decline and you can start to see things picking up in Brazil now.  The soybean line-up for export is still under year-ago levels, but I don’t think it’ll take long for the line-up to exceed last...
Morning Thoughts – Jan 5

Morning Thoughts – Jan 5

by | Jan 5, 2017 | Nesvick Trading Group

Grains – When reviewing the Fats & Oils report, implied domestic meal consumption turned out to be pretty solid during the month of Nov.  We don’t have official Census trade data just yet so this is subject to change, but implied domestic meal disappearance...

Morning Thoughts – Jan 4

by | Jan 4, 2017 | Nesvick Trading Group

Grains – Lots of data from NASS released yesterday after the close. We got the monthly Grain Crushing report and this showed corn used in ethanol production totaled 451.9 mil bu last month, down slightly form 455 mil bu the prior month. This is inline with...