Morning Thoughts – Feb 27
Livestock – The COF report was pretty uninspiring, coming in pretty close to expectations. With that in mind, early opening calls are probably nothing special. That said, I think the market was fearing a more bearish report and the basis remains very wide. ...Morning Thoughts – Feb 23
Financials – The FOMC minutes were released yesterday afternoon and they reinforced the overall dovish lean of the Fed despite recent commentary from Chair Yellen & Co. Immediately following the release the dollar weakened and gold bounced. Generally...Morning Thoughts – Feb 22
Grains – We have the USDA Outlook Forum on deck for Thur/Fri this week, and early tomorrow morning newswires will report the initial 2017 acreage guesses from USDA Chief Economist Johansson. These are not survey based guesses but rather “economic” based...