Morning Thoughts – Jan 19

Financials – Fed Chair Yellen gave a speech in SF late yesterday and her comments were deemed as slightly hawkish.  The dollar firmed modestly following her remarks and Fed Funds dropped slightly.  The key comment off the newswires was she and “most colleagues...

Morning Thoughts – Jan 12

Grains – Export sales are out this morning before the more important USDA reports later in the afternoon.  Here are expectations: Corn 450-900 Soybeans 400-800 Soymeal 40-160 Soyoil 5-30 Wheat 150-300 As you can see, expectations are down from what we’ve been...