Morning Thoughts – Apr 11

by | Apr 11, 2017 | Nesvick Trading Group

Grains We have the WASDE update later this morning, though as WASDE reports go this should not be a major market-mover.  Keep in mind we won’t get 17/18 balance sheets until next month’s report. Wheat Following the Quarterly Stocks report, it seems fairly...
Morning Thoughts – Apr 7

Morning Thoughts – Apr 7

by | Apr 7, 2017 | Nesvick Trading Group

Financials – We have a very important NFP figure to digest this morning.  Following the blow-out ADP report earlier this week, many are looking for a similar “beat” from the NFP today.  The attached scatter chart, however, shows why that might not be the...

Morning Thoughts – Apr 6

by | Apr 6, 2017 | Nesvick Trading Group

Grains – Admittedly the below information will be stale immediately upon the release of this morning’s sales report, but I still thought it might be worth a quick look (and with nothing else going on). This shows a breakdown of MYTD commitments to key...
Morning Thoughts – Apr 5

Morning Thoughts – Apr 5

by | Apr 5, 2017 | Nesvick Trading Group

Grains – Overlooked by all the NASS data released on Monday, the EIA updated biodiesel production for January.  As expected, biodiesel production dropped sharply in January following the expiration of the blending tax credit at CY 2016 end.  Total soyoil inputs...

Morning Thoughts – Apr 3

by | Apr 3, 2017 | Nesvick Trading Group

Grains – Just some short stream of consciousness this morning: Friday’s report numbers were obviously bearish. For soybeans, it is likely o/c residual use needs to be revised down a bit, but WASDE might not feel the need to do that yet. For their n/c balance...