Morning Thoughts – Jan 19

by | Jan 19, 2017 | Nesvick Trading Group

Financials – Fed Chair Yellen gave a speech in SF late yesterday and her comments were deemed as slightly hawkish.  The dollar firmed modestly following her remarks and Fed Funds dropped slightly.  The key comment off the newswires was she and “most colleagues...

Morning Thoughts – Jan 18

by | Jan 18, 2017 | Nesvick Trading Group

Softs – Brazil’s Conab issued their first official projection for 2017 coffee production yesterday.  Conab is projecting coffee output in a range of 43.7-47.5 million bags, which would be down fairly significantly from 51.4 million in 2016.  The smaller crop...
Morning Thoughts – Jan 17th

Morning Thoughts – Jan 17th

by | Jan 17, 2017 | Nesvick Trading Group

Grains – Last week saw the index rebalance come and go, and I thought it might be worth a quick look to see what OI did to see if it matched projections.  Corn OI was up roughly 75k from Friday to Friday.  This seems pretty inline with expectations heading into...
Morning Thoughts – Jan 13

Morning Thoughts – Jan 13

by | Jan 13, 2017 | Nesvick Trading Group

Grains – Stream of consciousness thoughts today: As expected, WASDE lowered their meal production and increased their soyoil production despite no change to the overall soybean crush figure. Meal yields have not been solid to start the year, and despite the...

Morning Thoughts – Jan 12

by | Jan 12, 2017 | Nesvick Trading Group

Grains – Export sales are out this morning before the more important USDA reports later in the afternoon.  Here are expectations: Corn 450-900 Soybeans 400-800 Soymeal 40-160 Soyoil 5-30 Wheat 150-300 As you can see, expectations are down from what we’ve been...
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