News and Blog

Grains - I’ve started/stopped/restarted writing these comments today several times.  To be honest, I’m at a loss for words following yesterday’s session.  From a risk management perspective, how are we supposed to account for an unelected “regulation czar” sending...

Livestock - We’ve seen a pretty solid bounce in boxes here lately.  This seemingly has stopped the bleeding of the packers’ bottom line for now.  I’m told packers are pretty cleaned-up in terms of their beef offerings so look for boxes at worst to remain steady but...

Livestock - The COF report was pretty uninspiring, coming in pretty close to expectations.  With that in mind, early opening calls are probably nothing special.  That said, I think the market was fearing a more bearish report and the basis remains very wide.  Combine...

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...

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...

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...

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...