Tuesday, January 12, 2016


Perspective: Morning Commentary, 01/12/2016

Tuesday, January 12, 2016

January 12 – China effectively closed the gap between offshore and onshore yuan exchange rates. It did so by apparently encouraging state banks to buy up yuan in Hong Kong, which in turn drove up the overnight deposit rate fixing to 66.8%. However, the question remains, is this sustainable? China’s... Learn More →


Morning Wheat Report, 01/12/2016

Tuesday, January 12, 2016

The wheat market lost all of Friday’s gains yesterday, as Crude Oil and corn pushed lower. Funds sold an estimated 6k contracts of CME wheat on Monday, taking the net short back to 92k contracts. The USDA Jan. S&D, Quarterly Stocks and winter wheat plantings reports come out at 11 AM today, but... Learn More →


Morning Livestock Report, 01/12/2016

Tuesday, January 12, 2016

Cattle futures started the week trading weaker for most of the session yesterday, finishing with relatively mild 25-80 point losses in both the fats and the feeders. Futures were supported midday and closed well above their daily lows with news of at least one major packer bidding $133 in the South... Learn More →


Morning Dairy Comments, 01/12/2016

Tuesday, January 12, 2016

General Market News · McDonald’s hit with EU antitrust complaint http://goo.gl/vi5b1Z · Clinton proposes 4% income tax surcharge on US wealthy http://goo.gl/w4WDMf · J.P. Morgan Chase says sell stocks on any rally http://goo.gl/7n91OS · Arch Coal files for Chapter 11 Bankruptcy · Senate Democrats... Learn More →


Morning Grain Comments, 01/12/2016

Tuesday, January 12, 2016

Conab cut their production estimate this morning but they’re still awfully optimistic, with most BRZ areas either in good shape or watching beneficial conditions aiding crops this month. Most expect the USDA to cement this bearish environment with unchanged number at best this morning... Conab cut... Learn More →