Morning Thoughts – Jan 10
Financials – Overnight markets have been fairly quiet it appears with only modest gains in world equity markets noted. The UK’s FTSE 100 has hit new record highs each day this new year so far, largely as a result of the pound weakness since the start of the...
Morning Thoughts – Jan 9
Grains – The index rebalance looms large this week. I believe the rebalance efforts “officially” start tomorrow but I think we’d be fooling ourselves if we didn’t think some of the necessary actions have already been taken. We also have to remember that this...
Morning Thoughts – Jan 6
Grains – The US soybean export program has begun its seasonal decline and you can start to see things picking up in Brazil now. The soybean line-up for export is still under year-ago levels, but I don’t think it’ll take long for the line-up to exceed last...