News and Blog

Morning Thoughts – July 24

Morning Thoughts – July 24

Crops - Markets sharply lower this morning largely due to a wet look to the QPF maps as shown above.  It also helps that rainfall totals from the systems late last week didn’t “bust” like some earlier events have. Still, as I look at the current weather/condition...

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Morning Thoughts – July 13

Morning Thoughts – July 13

Crops - No major remarks to make following yesterday’s USDA report deluge.  For the most part, things fell pretty close inline with our expectations yesterday.  I didn’t get everything right of course, but generally speaking things trended as expected. One thing I...

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Morning Thoughts – July 7

Morning Thoughts – July 7

Energy - Fairly constructive inventory figures yesterday for crude oil, yet futures could not hold their gains.  I suspect there is a wide assortment of reasons for the late day weakness, including but not limited to: 1) More EV articles yesterday 2) US crude oil...

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Morning Thoughts – July 6

Morning Thoughts – July 6

Energy - Crude oil futures are positing a modest bounce this morning following yesterday’s smackdown off the 50-day MA.  This could be partly due to the above-mentioned saber-rattling, which is often times supportive for crude oil.  Additionally, yesterday’s API...

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Morning Thoughts – June 29

Morning Thoughts – June 29

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 two...

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Morning Thoughts – June 28

Morning Thoughts – June 28

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 really...

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Morning Thoughts – June 20

Morning Thoughts – June 20

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 made a...

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Morning Thoughts – June 19

Morning Thoughts – June 19

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 saw...

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