Morning Thoughts – May 17

Morning Thoughts – May 17

by | May 17, 2017 | Nesvick Trading Group

Grains – Soybean export premiums are firming around the world.  In the case of South America,  this is largely due to a lack of farmer selling.  In Brazil, the BRL continues to strengthen and soybeans in real terms just don’t look attractive enough to sell at...
Morning Thoughts – May 15

Morning Thoughts – May 15

by | May 15, 2017 | Nesvick Trading Group

Livestock – No major new information to pass along this morning.  We’re still digesting the Chinese reopening news.  While obviously this is good news for the US industry over the long term, there are still some hurdles to clear in the short term.  One major...
Morning Thoughts – May 12

Morning Thoughts – May 12

by | May 12, 2017 | Nesvick Trading Group

Livestock – A lot of headlines this morning saying China will now allow US beef imports following a trade deal.  I once again do want to point out that China reopened their market to US beef officially a few months ago, it’s just that neither side has...
Morning Thoughts – May 10

Morning Thoughts – May 10

by | May 10, 2017 | Nesvick Trading Group

Livestock – Another wild ride in cattle futures yesterday.  After initially pushing sharply higher, cattle futures broke sharply during the session positing a daily reversal on the spot LCM chart.  I fielded a lot of questions asking why the reversal yesterday,...
Morning Thoughts – May 8

Morning Thoughts – May 8

by | May 8, 2017 | Nesvick Trading Group

Energies – I’ve noted for a while now that the market has pretty much baked in an extension of the OPEC production cuts beyond this month and I wondered aloud how OPEC was hoping to stir up added price gains considering this was priced in.  This morning we see...