Thursday, December 03, 2015


Perspective: Morning Commentary, 12/03/2015

Thursday, December 03, 2015

December 3 – European Central Bank President Mario Draghi cut its deposit rate once again this morning to stimulate the region’s economy. The rate for money parked at the central bank will drop to minus 0.3%, versus minus 0.2% previously. The steeper negative interest rate is an attempt to push... Learn More →


Morning Dairy Report, 12/03/2015

Thursday, December 03, 2015

General Market News ECB expands stimulus but at lower end of forecasts U.S. Dollar Down Sharply ConAgra Foods announces plans to separate into two independent public companies http://goo.gl/NGwPEz France hit by first bird flu outbreak in eight years http://goo.gl/BRMDGg South Korean cheese... Learn More →


Corn Report, 12/03/2015

Thursday, December 03, 2015

The bullishness of Monday’s ethanol mandate announcement is over. Corn tried to rally yesterday, only to close 3 ¼ lower. Funds sold 6,000 contracts. Ethanol production came out at 956,000 BPD, down 52,000 from last week. Stocks were 19,997 TB, up 370 TB. Margins are slightly above zero at most... Learn More →


Morning Livestock Report, 12/03/2015

Thursday, December 03, 2015

Upon closer review, the $126 cash cattle trade reported in IA that spurred a futures rally on Tuesday looks to have been some special cattle, with a more widespread and larger volume trade developing in the region yesterday at $124 live and $195 dressed, roughly steady vs the prior week. Tuesday’s... Learn More →


Morning Grain Comments, 12/03/2015

Thursday, December 03, 2015

The U.S. dollar continues to dominate the commodity space, rallying again following 12 1/2-year highs for the index yesterday; however, the grains remain resolutely lower this morning despite EUR/USD volatility... Japan’s Ag Ministry bought 126k tonnes of milling wheat as planned in their regular... Learn More →