Morning Thoughts – Apr 28

Morning Thoughts – Apr 28

by | Apr 28, 2017 | Nesvick Trading Group

Grains – We’ve obviously got cold temps ahead in the Plains this weekend but yesterday morning’s lows were also cold and K-State issued a report yesterday noting that this certainly had the potential to harm wheat.  The report specifically noted portions of...
Morning Thoughts – Apr 27

Morning Thoughts – Apr 27

by | Apr 27, 2017 | Nesvick Trading Group

Livestock – The NAFTA talk yesterday sure did a number on livestock markets.  I’m not sure if anyone even paid attention to the FCE or other cash talk because the action was all driven by fears of NAFTA termination. In cattle, this of course was a bullish...

Morning Thoughts – Apr 25

by | Apr 25, 2017 | Nesvick Trading Group

Grains – An all around interesting session yesterday.  First off, note that oilshare did in fact make it back to my trigger point noted a week or so ago.  It seemed like someone listened and oilshare was sold aggressively especially late in the session...
Morning Thoughts – Apr 19

Morning Thoughts – Apr 19

by | Apr 19, 2017 | Nesvick Trading Group

Livestock – If it felt yesterday that I was picking on cattle hedgers for being short as the market went higher, I apologize.  Today I want to present the spec positioning as shown on the latest COT report.  The attached chart shows the percentage of open...
Morning Thoughts – Apr 17

Morning Thoughts – Apr 17

by | Apr 17, 2017 | Nesvick Trading Group

Grains – NOPA will release their monthly crush report today.  The Bloomberg survey shows expectations for the crush to total 158.9 mil bu, which would be up slightly from last year’s 156.7 mil bu total. I won’t sit here and have any major argument against this...