Morning Thoughts – May 31

Morning Thoughts – May 31

by | May 31, 2017 | Nesvick Trading Group

Financials – A friend brought to my attention the spec (non-commercial) positioning in the Euro yesterday, and I’ve attached a 10-year history below.  It is catching some attention because as you can see the net long position in the Euro is near the highest it...
Morning Thoughts – May 25

Morning Thoughts – May 25

by | May 25, 2017 | Nesvick Trading Group

Crops – Yesterday’s session might have been one of the more boring I’ve seen in quite a while.  For the time being, I don’t see any reason to expect this boring price action to change.  We have June option expiration tomorrow.  In tomorrow’s comments I’ll...
Morning Thoughts – May 24

Morning Thoughts – May 24

by | May 24, 2017 | Nesvick Trading Group

Crops – I mentioned yesterday I thought that some might be looking at early assumptions on Prevent Plant area and scaling back on those figures a bit.  This seems reasonable considering the Northern Plains states typically lead the way in terms of PP area and...
Morning Thoughts – May 23

Morning Thoughts – May 23

by | May 23, 2017 | Nesvick Trading Group

Grains – While reviewing yesterday’s export inspections data, one thing stood out to me.  Over the past several weeks/months, we’ve continued to see ongoing and consistent wheat shipments to China.  The chart below shows that MYTD export shipments are the...
Morning Thoughts – May 19

Morning Thoughts – May 19

by | May 19, 2017 | Nesvick Trading Group

Grains – Not sure what to say after yesterday’s session.  We knew the market would be under pressure following the news from Brazil but I’ll have to admit I didn’t expect a 30 cent decline yesterday.  There was big pricing in Brazil yesterday, but estimates vary...