News and Blog
Morning Thoughts – Mar 27
Livestock - By now you’ve likely heard China has lifted its ban on Brazilian meat products. The devil is in the details, however. While the straight ban on Brazilian imports is lifted China is still not allowing meat from 21 plants still under investigation. So...
Morning Thoughts – Mar 23
Grains - As I noted yesterday there isn’t much to talk about right now. We’re basically wrapping up the South American growing season (still some time left in Arg, but you know what I mean) and awaiting the US planting season (which unofficially kicks off next...
Morning Thoughts – Mar 21
Livestock - The attached chart shows a breakdown of the USDA’s beef feature activity index over the past two years. The activity index is a measure of the total frequency of feature activity accounting for the total number of stores for the advertised beef item. For...
Morning Thoughts – Mar 20
Grains - Note the chart attached here showing the combined daily volume in the major May contracts at CBOT over the past few weeks. As you can see, volume has been steadily declining and I would imagine that might continue to be the case until we get closer to the...
Fed Announces Quarter-Point Rate Hike
Market Recap: Fed Announces Quarter-Point Rate Hike As of 2:00pm ET Wednesday March 15, the target Fed funds rate stands at 0.875%. The Federal Reserve raised its target range to 0.75%-1.00% as it begins to gradually reduce accommodation while still keeping rates...
Morning Thoughts – Mar 9
Grains - We have Conab out this morning, and I’ll update those numbers in a separate email this morning. The other focus today will be WASDE later this morning, and today we’ll run through a quick look of potential changes. That said, I honestly am not expecting a...
Morning Thoughts – Mar 8
Grains - The WASDE report is due tomorrow afternoon and we’ll cover expectations for that here tomorrow. Today, however, I want to briefly cover tomorrow’s other important release which will be Conab’s update on production estimates. For your review I’ve posted last...
Morning Thoughts – Mar 6
Grains - I found it interesting on Friday to consider soybeans and meal and to a lesser extent wheat have all “corrected” a bit off their Feb highs and are hugging support levels near key moving averages (though admittedly they’ve both found some life overnight). ...
Morning Thoughts – Mar 3
Grains - On tap today we of course have the weekly COT report. Keep one thing in mind, however, that the major March option expiration will likely make this week’s data look a bit more volatile than usual. Those groups that produce guesses on this sort of thing...
Morning Thoughts – Mar 2
Grains - It seems every other newswire article I see these days discusses the Brazilian road problems on the way to ports in the north. There seems to be some consensus thought process that this is a YUGE problem and the US could potentially see an increase in export...
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