Morning Thoughts – Mar 29

by | Mar 29, 2017 | Nesvick Trading Group

Grains – A few quick thoughts on winter wheat area for Friday’s report.  As shown in the breakdown below, there is a tendency for NASS to find a few more winter wheat acres for the March report than they originally estimate in Jan.  The usual difference is not...
Morning Thoughts – Mar 28

Morning Thoughts – Mar 28

by | Mar 28, 2017 | Nesvick Trading Group

Grains – This morning we’re looking at some of the acreage numbers ahead of the report on Friday.  For reference, here is a quick breakdown of the average guesses: Today we’re simply looking at whether there is any tendency of the average guesses vs. the actual...
Morning Thoughts – Mar 27

Morning Thoughts – Mar 27

by | Mar 27, 2017 | Nesvick Trading Group

Livestock – By now you’ve likely heard China has lifted its ban on Brazilian meat products.  The devil is in the details, however.  While the straight ban on Brazilian imports is lifted China is still not allowing meat from 21 plants still under investigation. ...

Morning Thoughts – Mar 23

by | Mar 23, 2017 | Nesvick Trading Group

Grains – As I noted yesterday there isn’t much to talk about right now.  We’re basically wrapping up the South American growing season (still some time left in Arg, but you know what I mean) and awaiting the US planting season (which unofficially kicks off next...
Morning Thoughts – Mar 21

Morning Thoughts – Mar 21

by | Mar 21, 2017 | Nesvick Trading Group

Livestock – The attached chart shows a breakdown of the USDA’s beef feature activity index over the past two years.  The activity index is a measure of the total frequency of feature activity accounting for the total number of stores for the advertised beef...