Morning Thoughts – May 4
Financials – I’m hard pressed to find much substance in yesterday’s FOMC statement. It seemed they walked a fine line and avoided sounding either especially dovish or hawkish. It is interesting to note that the Fed points out that economic activity has slowed,...
Morning Thoughts – May 3
Energies – Oil futures dropped midday yesterday and this seemed to be related to news that Libyan rivals have agreed to set up a power-sharing “Presidential Council.” The two sides agreed to dissolve their militias and fight terrorist groups inside Libya. ...
Morning Thoughts – May 2
Grains – Loads of data from NASS yesterday afternoon… First off, the monthly Grain Crushing report showed a much smaller than expected corn grind for ethanol than I had been penciling. NASS is reporting a March corn grind of roughly 460 mil bu, compared to my...
Morning Thoughts – Apr 28
Grains – We’ve obviously got cold temps ahead in the Plains this weekend but yesterday morning’s lows were also cold and K-State issued a report yesterday noting that this certainly had the potential to harm wheat. The report specifically noted portions of...