Morning Thoughts – Dec 15
Livestock – Other than on the Fed Cattle Exchange cash cattle sales were pretty quiet. In my opinion, sales on the Fed Cattle Exchange were a bit of a disappointment. The sales weighted average price was basically equal to last week, at $110.47 it was up $0.19...
Morning Thoughts – Dec 14
Financial – Equities have seen a lot of attention since the election, and for good reason. They’ve matched to new all time highs on strong volume and we’ve also seen massive sector rotation in the process. However I want to take a look at the bond market today...
Morning Thoughts – Dec 13
Grains – While soyoil/biodiesel has been the largest beneficiary of news related to RFS mandates, corn/ethanol trade is starting to get my attention here lately. While it has gone largely unnoticed by many, ethanol prices are absolutely en fuego lately. The...
Morning Thoughts – Dec 12
Grains – On Thursday Brazil’s Conab issued a soybean production estimate of 102.4 mmt, and Friday WASDE followed along maintaining their 102 mmt production estimate. I thought it might be worth pointing out that both of these estimates seem to be implying a...