Morning Thoughts – Feb 16
Energies – The crude oil inventory figure yesterday was once again deemed to be price-negative, yet once again futures mostly shrugged off this sentiment. I think we have to understand part of the “problem” leading to these surging inventory levels is a big...
Morning Thoughts – Feb 15
Livestock – Cattle futures seemingly found support around recent lows and shot higher yesterday. It also appears that the beef pipeline is getting a bit more cleaned up and demand could be better going forward. Keep in mind Monday’s kill will be slightly...