Morning Thoughts – June 14

by | Jun 14, 2017 | Nesvick Trading Group

Crops – Spring wheat speculation is all the buzz right now so allow me to jump on the bandwagon and pretend I know what I’m talking about in regards to HRS.  We know one of the first questions that can come up in years of poor conditions is abandonment of area. ...

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...