Morning Thoughts – Apr 25

by | Apr 25, 2017 | Nesvick Trading Group

Grains – An all around interesting session yesterday.  First off, note that oilshare did in fact make it back to my trigger point noted a week or so ago.  It seemed like someone listened and oilshare was sold aggressively especially late in the session...
Morning Thoughts – Apr 19

Morning Thoughts – Apr 19

by | Apr 19, 2017 | Nesvick Trading Group

Livestock – If it felt yesterday that I was picking on cattle hedgers for being short as the market went higher, I apologize.  Today I want to present the spec positioning as shown on the latest COT report.  The attached chart shows the percentage of open...
Morning Thoughts – Apr 17

Morning Thoughts – Apr 17

by | Apr 17, 2017 | Nesvick Trading Group

Grains – NOPA will release their monthly crush report today.  The Bloomberg survey shows expectations for the crush to total 158.9 mil bu, which would be up slightly from last year’s 156.7 mil bu total. I won’t sit here and have any major argument against this...

Morning Thoughts – Apr 11

by | Apr 11, 2017 | Nesvick Trading Group

Grains We have the WASDE update later this morning, though as WASDE reports go this should not be a major market-mover.  Keep in mind we won’t get 17/18 balance sheets until next month’s report. Wheat Following the Quarterly Stocks report, it seems fairly...
Morning Thoughts – Apr 7

Morning Thoughts – Apr 7

by | Apr 7, 2017 | Nesvick Trading Group

Financials – We have a very important NFP figure to digest this morning.  Following the blow-out ADP report earlier this week, many are looking for a similar “beat” from the NFP today.  The attached scatter chart, however, shows why that might not be the...