Morning Thoughts – Feb 23

Financials – The FOMC minutes were released yesterday afternoon and they reinforced the overall dovish lean of the Fed despite recent commentary from Chair Yellen & Co.  Immediately following the release the dollar weakened and gold bounced.  Generally...

Morning Thoughts – Feb 22

Grains – We have the USDA Outlook Forum on deck for Thur/Fri this week, and early tomorrow morning newswires will report the initial 2017 acreage guesses from USDA Chief Economist Johansson.  These are not survey based guesses but rather “economic” based...