Morning Thoughts – Apr 5

Morning Thoughts – Apr 5

by | Apr 5, 2017 | Nesvick Trading Group

Grains – Overlooked by all the NASS data released on Monday, the EIA updated biodiesel production for January.  As expected, biodiesel production dropped sharply in January following the expiration of the blending tax credit at CY 2016 end.  Total soyoil inputs...

Morning Thoughts – Apr 3

by | Apr 3, 2017 | Nesvick Trading Group

Grains – Just some short stream of consciousness this morning: Friday’s report numbers were obviously bearish. For soybeans, it is likely o/c residual use needs to be revised down a bit, but WASDE might not feel the need to do that yet. For their n/c balance...

Morning Thoughts – Mar 23

by | Mar 23, 2017 | Nesvick Trading Group

Grains – As I noted yesterday there isn’t much to talk about right now.  We’re basically wrapping up the South American growing season (still some time left in Arg, but you know what I mean) and awaiting the US planting season (which unofficially kicks off next...