Morning Thoughts – June 29

Morning Thoughts – June 29

by | Jun 29, 2017 | Nesvick Trading Group

Financials – Over the past week we’ve seen a big surge in hawkish comments from central bankers around the world.  Yesterday’s key contributor was BOE chief Carney saying they may need to remove stimulus soon…nevermind that whole Brexit thing.  This is creating...
Morning Thoughts – June 28

Morning Thoughts – June 28

by | Jun 28, 2017 | Nesvick Trading Group

Livestock – Easy come, easy go for LC futures so far this week.  Monday’s surprising limit up reaction to a supposedly negative COF report on Friday was almost entirely reversed in yesterday’s surprisingly weak action.  In both cases, Monday and Tuesday, I...
Morning Thoughts – June 20

Morning Thoughts – June 20

by | Jun 20, 2017 | Nesvick Trading Group

Energy – Crude oil prices are trading at 7-month lows this morning following data showing the amount of oil stored in tankers reached a new high of 111.9 million barrels earlier this month.  Note the chart below is showing the 4-week average, which hasn’t yet...
Morning Thoughts – June 19

Morning Thoughts – June 19

by | Jun 19, 2017 | Nesvick Trading Group

Livestock – Early releases of expectations for Friday’s COF report are leaning bearish at this point.  Most estimates for placements I’ve seen suggest they could be 6-12% higher YOY. Beef prices were weaker last week but remain pretty firm overall.  Obviously we...

Morning Thoughts – June 14

by | Jun 14, 2017 | Nesvick Trading Group

Crops – Spring wheat speculation is all the buzz right now so allow me to jump on the bandwagon and pretend I know what I’m talking about in regards to HRS.  We know one of the first questions that can come up in years of poor conditions is abandonment of area. ...

Morning Thoughts – June 13

by | Jun 13, 2017 | Nesvick Trading Group

Crops – As I’ve alluded to a few times since Friday’s WASDE, the lack of revision to the old crop soybean export figure has me perplexed.  I really don’t know how WASDE would explain it, but for the sake of argument I’ve tried to approach the question with a...