News and Blog

Morning Thoughts – Feb 23

Financials - The FOMC minutes were released yesterday afternoon and they reinforced the overall dovish lean of the Fed despite recent commentary from Chair Yellen & Co.  Immediately following the release the dollar weakened and gold bounced.  Generally speaking...

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Morning Thoughts – Feb 22

Grains - We have the USDA Outlook Forum on deck for Thur/Fri this week, and early tomorrow morning newswires will report the initial 2017 acreage guesses from USDA Chief Economist Johansson.  These are not survey based guesses but rather “economic” based estimates. ...

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Morning Thoughts – Feb 21

Morning Thoughts – Feb 21

Grains - Last week’s NOPA crush report reported sharply higher soyoil stocks than the average guess expected, though we “knew” to take the over as we suspected soyoil use in biodiesel production would decrease in the new tax year.  This was based on seasonal...

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Volume Weighted Average Price

Volume Weighted Average Price

What is Volume Weighted Average Price? Simple moving average calculations assign an equal weight to trade prices at constant time intervals. Volume Weighted Average Price (VWAP) is an average price calculation that assigns value to trade volume rather than trade time....

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Morning Thoughts – Feb 16

Morning Thoughts – Feb 16

Energies - The crude oil inventory figure yesterday was once again deemed to be price-negative, yet once again futures mostly shrugged off this sentiment.  I think we have to understand part of the “problem” leading to these surging inventory levels is a big downturn...

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Morning Thoughts – Feb 15

Morning Thoughts – Feb 15

Livestock - Cattle futures seemingly found support around recent lows and shot higher yesterday.  It also appears that the beef pipeline is getting a bit more cleaned up and demand could be better going forward.  Keep in mind Monday’s kill will be slightly reduced due...

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Morning Thoughts – Feb 14

Morning Thoughts – Feb 14

Grains - Sifting through yesterday’s export inspections details I found a pretty sizeable revision higher in last week’s wheat inspections to China.  Considering our conversation from the past few days I found this pretty interesting.  MYTD all wheat export...

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Demystifying Options

Welcome to the Demystifying Options Series The series will be informative, educational, and may even lead you to trading options. I will be using insurance analogies in order to help with relaying the concepts. The articles in this Demystifying Options series will be...

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Morning Thoughts – Feb 13

Morning Thoughts – Feb 13

Grains - I want to review the thoughts on wheat and corn from last Friday in a bit more detail this morning.  I think it is very important to note the differences developing in the world balance sheets between the two markets, and I want to make sure we’re clear on...

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Morning Thoughts – Feb 10

Morning Thoughts – Feb 10

Financials - As you are probably aware, the Trump Administration lost its bid to reinstate its travel ban.  This is likely to head further up the chain through the court system to the Supreme Court. He is using up a lot of political “capital” on this one item, so it...

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