Tuesday, February 16, 2016

Perspective: Morning Commentary, 02/16/2016

Tuesday, February 16, 2016

February 16 – The markets are breathing easier this morning as global economic concerns ease; at least for now. The problems still exist, but the markets are a bit more confident that intervention will reduce risks, at least in the near-term. European Central Bank Chair Mario Draghi commented... Learn More →

Wheat Report, 02/16/2016

Tuesday, February 16, 2016

CFTC showed the net fund short position was 14k contracts bigger than the daily estimates pegged through 2/9 on Friday. Traders took this opportunity to cover some short positions overnight, but the move will be limited by the weak fundamentals in the wheat. Egypt purchased 60 TMT of wheat for... Learn More →

Morning Dairy Comments, 02/16/2016

Tuesday, February 16, 2016

General Market News · ***GDT auction this morning*** · Saudi Arabia, Russia, Qatar and Venezuela agree to freeze oil production · Crude oil was up over 4% overnight on the news but is now near unchanged · Dow futures rallied nearly 300 points overnight as market says ‘risk-on’ with hopes of ECB an... Learn More →

Morning Grain Comments, 02/16/2016

Tuesday, February 16, 2016

The grain markets exploded (relatively) out of the gates last night following the long weekend, slowing since but remaining moderately higher this morning; the trade is seeing loading delays in Brazil and China returning to the market, but overall demand for U.S. beans is still sluggish... Egypt’s... Learn More →

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