Morning Thoughts – June 13

by | Jun 13, 2017 | Nesvick Trading Group

Crops – As I’ve alluded to a few times since Friday’s WASDE, the lack of revision to the old crop soybean export figure has me perplexed.  I really don’t know how WASDE would explain it, but for the sake of argument I’ve tried to approach the question with a...
Morning Thoughts – June 7

Morning Thoughts – June 7

by | Jun 7, 2017 | Nesvick Trading Group

Crops – We’re just a few days away from the Crop Production & WASDE reports, and that will be our primary focus for the remainder of the week.  This morning I want to briefly discuss prospects for winter wheat production.  Unfortunately, we still don’t have...
Morning Thoughts – June 5

Morning Thoughts – June 5

by | Jun 5, 2017 | Nesvick Trading Group

Livestock – We just saw a very active week of cash cattle activity, and I guess that’s what a big rally in prices will do for you.  The range for cash trade last week was probably 135-138 and 215-220, with 136 and 218 as averages.  Basis did narrow slightly. ...
Morning Thoughts – June 2

Morning Thoughts – June 2

by | Jun 2, 2017 | Nesvick Trading Group

Livestock Cash cattle absolutely screamed higher yesterday and took the futures board along with it.  This is the problem I mentioned yesterday…you have a cash market that just doesn’t want to break 130 to the downside and a deliverable futures contract trading well...
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