Morning Thoughts – May 4

by | May 4, 2017 | Nesvick Trading Group

Financials – I’m hard pressed to find much substance in yesterday’s FOMC statement.  It seemed they walked a fine line and avoided sounding either especially dovish or hawkish.  It is interesting to note that the Fed points out that economic activity has slowed,...
Morning Thoughts – May 3

Morning Thoughts – May 3

by | May 3, 2017 | Nesvick Trading Group

Energies – Oil futures dropped midday yesterday and this seemed to be related to news that Libyan rivals have agreed to set up a power-sharing “Presidential Council.”  The two sides agreed to dissolve their militias and fight terrorist groups inside Libya. ...
Morning Thoughts – May 2

Morning Thoughts – May 2

by | May 2, 2017 | Nesvick Trading Group

Grains – Loads of data from NASS yesterday afternoon… First off, the monthly Grain Crushing report showed a much smaller than expected corn grind for ethanol than I had been penciling.  NASS is reporting a March corn grind of roughly 460 mil bu, compared to my...
Morning Thoughts – Apr 28

Morning Thoughts – Apr 28

by | Apr 28, 2017 | Nesvick Trading Group

Grains – We’ve obviously got cold temps ahead in the Plains this weekend but yesterday morning’s lows were also cold and K-State issued a report yesterday noting that this certainly had the potential to harm wheat.  The report specifically noted portions of...
Morning Thoughts – Apr 27

Morning Thoughts – Apr 27

by | Apr 27, 2017 | Nesvick Trading Group

Livestock – The NAFTA talk yesterday sure did a number on livestock markets.  I’m not sure if anyone even paid attention to the FCE or other cash talk because the action was all driven by fears of NAFTA termination. In cattle, this of course was a bullish...