Morning Thoughts – Nov 28

Morning Thoughts – Nov 28

Grains – The USD-BRL cross is basically steady at the time of writing this morning, but it remains close to recent lows.  Meanwhile CBOT futures continue to rally, putting more reals in the hands of the Brazilian farmer these days.  The chart below shows SK...
Morning Thoughts – Nov 22

Morning Thoughts – Nov 22

Grains – Yesterday posted another very impressive performance for the soy complex while corn and wheat traded somewhat listlessly until the late stages of yesterday’s session.  It of course begs the question, has anything changed recently that dramatically...
Morning Thoughts – Nov 21

Morning Thoughts – Nov 21

Grains – I have no major news or data to pass along this morning. We have started the week following inline with last week’s late strength. Friday’s COT report showed larger net selling in ag futures than expected, and that might be viewed as somewhat...
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