Morning Thoughts – Feb 28

Morning Thoughts – Feb 28

by | Feb 28, 2017 | Nesvick Trading Group

Livestock – We’ve seen a pretty solid bounce in boxes here lately.  This seemingly has stopped the bleeding of the packers’ bottom line for now.  I’m told packers are pretty cleaned-up in terms of their beef offerings so look for boxes at worst to remain steady...
Morning Thoughts – Feb 27

Morning Thoughts – Feb 27

by | Feb 27, 2017 | Nesvick Trading Group

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

by | Feb 23, 2017 | Nesvick Trading Group

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

by | Feb 22, 2017 | Nesvick Trading Group

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...
Morning Thoughts – Feb 21

Morning Thoughts – Feb 21

by | Feb 21, 2017 | Nesvick Trading Group

Grains – Last week’s NOPA crush report reported sharply higher soyoil stocks than the average guess expected, though we “knew” to take the over as we suspected soyoil use in biodiesel production would decrease in the new tax year.  This was based on seasonal...