Morning Thoughts – May 4

by | May 4, 2017 | Nesvick Trading Group

Financials – I’m hard pressed to find much substance in yesterday’s FOMC statement.  It seemed they walked a fine line and avoided sounding either especially dovish or hawkish.  It is interesting to note that the Fed points out that economic activity has slowed,...
Morning Thoughts – May 3

Morning Thoughts – May 3

by | May 3, 2017 | Nesvick Trading Group

Energies – Oil futures dropped midday yesterday and this seemed to be related to news that Libyan rivals have agreed to set up a power-sharing “Presidential Council.”  The two sides agreed to dissolve their militias and fight terrorist groups inside Libya. ...
Morning Thoughts – May 2

Morning Thoughts – May 2

by | May 2, 2017 | Nesvick Trading Group

Grains – Loads of data from NASS yesterday afternoon… First off, the monthly Grain Crushing report showed a much smaller than expected corn grind for ethanol than I had been penciling.  NASS is reporting a March corn grind of roughly 460 mil bu, compared to my...