News and Blog
Morning Thoughts – Dec 27
Livestock - Cash cattle news was quiet on Friday. For the week it looks like sales were up about +$4 at $116. Today cash activity should be limited to the distribution of showlists. Initial asking prices should be around $118. The market will likely trade the...
Morning Thoughts – Dec 23
Livestock - Cash cattle business picked up yesterday and some prices were as much as +$4 on the week. It looks like most cash business could be done for the week. The strong cash prices helped push LCG, the most active contract, to its highest level since June. In...
Commodity Channel Index Basics
Commodity Channel Index Calculation The Commodity Channel Index (CCI) is an oscillator that helps to identify overbought and oversold conditions. This means that at the top of an uptrend (or the bottom of a downtrend), the Commodity Channel Index aims to provide a...
Morning Thoughts – Dec 15
Livestock - Other than on the Fed Cattle Exchange cash cattle sales were pretty quiet. In my opinion, sales on the Fed Cattle Exchange were a bit of a disappointment. The sales weighted average price was basically equal to last week, at $110.47 it was up $0.19 from...
Morning Thoughts – Dec 14
Financial - Equities have seen a lot of attention since the election, and for good reason. They’ve matched to new all time highs on strong volume and we’ve also seen massive sector rotation in the process. However I want to take a look at the bond market today...
Morning Thoughts – Dec 13
Grains - While soyoil/biodiesel has been the largest beneficiary of news related to RFS mandates, corn/ethanol trade is starting to get my attention here lately. While it has gone largely unnoticed by many, ethanol prices are absolutely en fuego lately. The chart...
Morning Thoughts – Dec 12
Grains - On Thursday Brazil’s Conab issued a soybean production estimate of 102.4 mmt, and Friday WASDE followed along maintaining their 102 mmt production estimate. I thought it might be worth pointing out that both of these estimates seem to be implying a sub-trend...
Morning Thoughts – Dec 7
Grains - Census trade numbers for October were released yesterday, and considering the discrepancy between inspections and Census figures caused some confusion for some last marketing year, it might be worth reviewing these in more detail going forward. We’ll start on...
Morning Thoughts – Dec 6
Grains - IMEA, the state ag agency of Mato Grosso in Brazil, released their first projection for soybean yields yesterday afternoon. They estimated yields at a record 54 bags/hectare, which would be up from their estimate of 49.8 bags/ha last year. They estimate...
Morning Thoughts – Dec 5
Financials - There was no major surprise in the results from the Italian referendum over the weekend. Italians rejected the constitutional reforms proposed by PM Renzi. Polls had indicated this would happen, so the only surprise was the margin of victory which...
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