Morning Thoughts – May 19
Grains – Not sure what to say after yesterday’s session. We knew the market would be under pressure following the news from Brazil but I’ll have to admit I didn’t expect a 30 cent decline yesterday. There was big pricing in Brazil yesterday, but estimates vary...
Morning Thoughts – May 17
Grains – Soybean export premiums are firming around the world. In the case of South America, this is largely due to a lack of farmer selling. In Brazil, the BRL continues to strengthen and soybeans in real terms just don’t look attractive enough to sell at...
Morning Thoughts – May 15
Livestock – No major new information to pass along this morning. We’re still digesting the Chinese reopening news. While obviously this is good news for the US industry over the long term, there are still some hurdles to clear in the short term. One major...
Morning Thoughts – May 12
Livestock – A lot of headlines this morning saying China will now allow US beef imports following a trade deal. I once again do want to point out that China reopened their market to US beef officially a few months ago, it’s just that neither side has...