Morning Thoughts – Jan 24

by | Jan 24, 2017 | Nesvick Trading Group

Financials – Big news out of the UK this morning as the supreme court ruled that PM May must seek an act of Parliament to trigger the two-year countdown to Brexit.  The ruling passed by an 8-3 vote.  The judges also ruled that legislatures in Scotland and...

Morning Thoughts – Jan 23

by | Jan 23, 2017 | Nesvick Trading Group

Grains – The old saying of course is “oats knows”, but I found it somewhat humorous that virtually nobody knows what is going on behind the latest oats rally.  I will state unequivocally that I know very little about oats, but I’ve done some asking around to...

Morning Thoughts – Jan 19

by | Jan 19, 2017 | Nesvick Trading Group

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 18

by | Jan 18, 2017 | Nesvick Trading Group

Softs – Brazil’s Conab issued their first official projection for 2017 coffee production yesterday.  Conab is projecting coffee output in a range of 43.7-47.5 million bags, which would be down fairly significantly from 51.4 million in 2016.  The smaller crop...