Morning Thoughts – Jan 13
Grains – Stream of consciousness thoughts today: As expected, WASDE lowered their meal production and increased their soyoil production despite no change to the overall soybean crush figure. Meal yields have not been solid to start the year, and despite the...Morning Thoughts – Jan 12
Grains – Export sales are out this morning before the more important USDA reports later in the afternoon. Here are expectations: Corn 450-900 Soybeans 400-800 Soymeal 40-160 Soyoil 5-30 Wheat 150-300 As you can see, expectations are down from what we’ve been...
Morning Thoughts – Jan 11
Grains – Today we’ll focus mainly on the Quarterly Grain stocks portion of Thursday’s USDA reports. I always hesitate to cover expectations for stocks figures as they are notoriously unpredictable and it always provides a good opportunity to look foolish. For...
Morning Thoughts – Jan 10
Financials – Overnight markets have been fairly quiet it appears with only modest gains in world equity markets noted. The UK’s FTSE 100 has hit new record highs each day this new year so far, largely as a result of the pound weakness since the start of the...