Morning Thoughts – Apr 6

by | Apr 6, 2017 | Nesvick Trading Group

Grains – Admittedly the below information will be stale immediately upon the release of this morning’s sales report, but I still thought it might be worth a quick look (and with nothing else going on). This shows a breakdown of MYTD commitments to key...
Morning Thoughts – Apr 5

Morning Thoughts – Apr 5

by | Apr 5, 2017 | Nesvick Trading Group

Grains – Overlooked by all the NASS data released on Monday, the EIA updated biodiesel production for January.  As expected, biodiesel production dropped sharply in January following the expiration of the blending tax credit at CY 2016 end.  Total soyoil inputs...

Morning Thoughts – Apr 3

by | Apr 3, 2017 | Nesvick Trading Group

Grains – Just some short stream of consciousness this morning: Friday’s report numbers were obviously bearish. For soybeans, it is likely o/c residual use needs to be revised down a bit, but WASDE might not feel the need to do that yet. For their n/c balance...

Morning Thoughts – Mar 29

by | Mar 29, 2017 | Nesvick Trading Group

Grains – A few quick thoughts on winter wheat area for Friday’s report.  As shown in the breakdown below, there is a tendency for NASS to find a few more winter wheat acres for the March report than they originally estimate in Jan.  The usual difference is not...
Morning Thoughts – Mar 28

Morning Thoughts – Mar 28

by | Mar 28, 2017 | Nesvick Trading Group

Grains – This morning we’re looking at some of the acreage numbers ahead of the report on Friday.  For reference, here is a quick breakdown of the average guesses: Today we’re simply looking at whether there is any tendency of the average guesses vs. the actual...