Morning Thoughts – Mar 8

Morning Thoughts – Mar 8

Grains – The WASDE report is due tomorrow afternoon and we’ll cover expectations for that here tomorrow.  Today, however, I want to briefly cover tomorrow’s other important release which will be Conab’s update on production estimates.  For your review I’ve...
Morning Thoughts – Mar 6

Morning Thoughts – Mar 6

Grains – I found it interesting on Friday to consider soybeans and meal and to a lesser extent wheat have all “corrected” a bit off their Feb highs and are hugging support levels near key moving averages (though admittedly they’ve both found some life...
Morning Thoughts – Mar 3

Morning Thoughts – Mar 3

Grains – On tap today we of course have the weekly COT report.  Keep one thing in mind, however, that the major March option expiration will likely make this week’s data look a bit more volatile than usual.  Those groups that produce guesses on this sort of...
Morning Thoughts – Mar 2

Morning Thoughts – Mar 2

Grains – It seems every other newswire article I see these days discusses the Brazilian road problems on the way to ports in the north.  There seems to be some consensus thought process that this is a YUGE problem and the US could potentially see an increase in...
Morning Thoughts – Mar 1

Morning Thoughts – Mar 1

Grains – I’ve started/stopped/restarted writing these comments today several times.  To be honest, I’m at a loss for words following yesterday’s session.  From a risk management perspective, how are we supposed to account for an unelected “regulation czar”...
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