Morning Summary: I’ve made up a music playlist to help us get through today, Thursday, June 30. Let’s begin with the classic “Just My Imagination (Running Away with Me)” by the Temptations. There’s a lot that is going to happen [...]
Morning Summary: There is a storm brewing, has been all week. As we sit on the deck looking out at the horizon pre-dawn Wednesday morning we know it is out there, drawing closer by the second. What storm am I [...]
Morning Summary: It is early Tuesday morning, putting us one step closer to the end of the month and end of the quarter for the financial sector. It also puts in sight of the next US 3-day holiday weekend. While [...]
Morning Summary: If Sunday night through Monday morning is any indication, markets are going to live up to the expectation of this being a wild week. After starting the week under pressure, the energy sector was mixed (literally, see second [...]
Morning Summary: For those still bullish the grain and oilseed sector, I hate to be the wet blanket Friday morning, but I don’t have a lot of faith in the tentative overnight rally. A look at the 3-day precipitation forecast [...]
Morning Summary: The commodity sector was red, generally across the board, with some of the largest selloffs seen in the grain and oilseed complex. I’ll get to the specific markets shortly, but in summary the breakdown occurred on heavy trade [...]
Morning Summary: After running the traps first thing Wednesday morning I sat back in my chair, thought for a moment, and the first thing that came to mind was, “This is what you’d expect for a Tuesday.” This was of [...]
Morning Summary: As we get ready to head into a US 3-day holiday weekend[i], Friday’s focus will likely be on weather (grain and oilseed sector) and all the latest headlines (energy sector). As for the former, it is supposed to [...]
Morning Summary: For now, I’m going to call the explosive late rally by US stock indexes Wednesday as a flight of fancy. Did the DJIA really need to jump more than 500 points the last half-hour of the session, bringing [...]
Morning Summary: It’s interesting how days are lining up to be one just like the other, and it isn’t even the Dog Days of Summer yet. A look at early morning markets shows us similar results to Tuesday, with one [...]
Morning Summary: Well, markets made it through another Monday, and yes, it was as ugly as many had feared. Following the close, the main talking point was the S&P 500 closing in bearish territory meaning more than 20% below its [...]
Morning Summary: All the talk on financial television Monday morning is of a potential market meltdown, led by continued heavy selling overnight in US stock index futures. As of this writing S&P 500 futures are off 2.2%, DJIA futures are [...]
Morning Summary: Yes, it’s another day of waiting to get the latest round of USDA nonsense out of the way so we can get back to trading real fundamentals in the grain and oilseed complex. What am I looking for [...]
Morning Summary: Recall 24 hours ago how nearly every market in the commodity complex was wearing green, almost as if celebrating another St. Patrick’s Day. A look at the quote screen early Thursday morning shows almost the exact opposite, with [...]
Morning Summary: A look across the market meadow this early summer morn shows us a lot of green, so much so one would be excused for thinking the commodity complex in general was set to celebrate another St. Patrick’s Day. [...]
Morning Summary: Part of analyzing markets is studying patterns. Back in the day when I used to be part of a “University” program that ran just prior to the company’s annual conference, one of the discussions I held was about [...]
Morning Summary: We made it through the first weekend of meteorological summer, and as the past 72-hour precipitation accumulation map shows there was ample rain over the US Plains and Upper Midwest. Normally this would have the grain and oilseed [...]
Morning Summary: The early conversation on CNBC’s Squawk on the Street program Friday morning was of how individual stocks are seeing double-digit percentage changes from day to day. Both hosts, Becky Quick and Brian Sullivan, agreed this is not normal [...]
Morning Summary: Maybe we should call this “Turnaround Thursday”. No, that’s a bad idea. Time for another cup of coffee. I’ll be right back. (A slight pause while Paul McCartney’s song “Another Day” plays in the background.) Okay, now I’m [...]
Morning Summary: Welcome to the first day of summer! The first day of meteorological summer, that is, and given the large percentage of markets in the commodity complex that I consider weather derivatives it means things should get even more [...]
Morning Summary: Early markets are interesting Tuesday morning starting with reversals in both the US dollar index and US stock index futures. If you recall from Monday evening’s Quick Takes, the US dollar index was under light pressure. Since then, [...]
Morning Summary: There is a chance we get through Friday with most markets staying relatively quiet. After all, many made big moves Thursday, activity worthy of taking us into the US 3-day holiday weekend. But because of the scheduling we [...]
Morning Summary: Was I surprised to see another selloff in the grain and oilseed complex early Thursday morning? Not entirely, no. While continued pressure might not fit with fundamentals, it is in line with the technical picture generally across the [...]
(My apologies for Morning Commentary being a bit late Wednesday morning. As news continues to emerge from Tuesday’s shooting in southwest Texas, it gets more difficult to write about markets.) Morning Summary: One day after breaking out the well-worn “Turnaround [...]
Morning Summary: My late friend and long-time CBOT floor reporter Gary Wilhelmi used to scoff at the idea of Turnaround Tuesday. And as illogical as it seems, the tendency is even clearer with Watson[i] firmly in control of the various market [...]
Morning Summary: Another week is off and running, and if it is anything like last week we need to make sure we are firmly strapped in the saddle. Overnight through early Monday morning shows the US dollar index under pressure, [...]
Morning Summary: Recall from this past Monday’s Afternoon Commentary, “A Week in a Day”, when I talked about how the markets could just stayed closed for the rest of the week. They didn’t, and as it turned out, most markets [...]
Morning Summary: A quick glance at the grain and oilseed sector early Thursday morning, with markets burning bright red, told me global equity markets must be under pressure again. Sure enough, futures for all three US stock indexes are posting [...]
Morning Summary: The commodity complex was mixed early Wednesday with most markets not showing a lot of overnight enthusiasm. Keep in mind it is Wednesday, meaning the noncommercial side tends to get more active as a new week begins before [...]
Morning Summary: As the grain and oilseed sector looks ahead at extended weather forecasts, the question continues to build if rains across parts of the US Plains and Midwest could now be viewed as bearish? Additionally, the sector in general [...]
Morning Summary: As you’ve likely seen by now, or stayed up to watch Sunday night, a total lunar eclipse occurred creating what was called a “super flower blood moon”. That sounds ominous, doesn’t it? It’s no wonder the grain and [...]
Morning Summary: Yes, it’s Friday the 13th and depending on one’s level of superstition there is either nothing to dread or a day for hiding under the covers until midnight. Folks that fall into the latter camp likely avoid black [...]
Morning Summary: There’s something about Thursday morning’s markets that make me think of the opening line from The Eagles’ great song "Tequila Sunrise". Maybe it’s because the commodity complex in general is in the red, though that also brings to [...]
Morning Summary: Possibly the most important question facing us Wednesday morning is what to have for breakfast. Markets? A quick running of the traps shows nothing to get overly excited about, with the day setting up to be a fine [...]
Morning Summary: I know the idea of “Turnaround Tuesday” is cliché, and the overuse of the phrase makes it nearly as annoying as “a Perfect Storm”. But yet there is a tendency to see markets reverse course from Monday overnight [...]
Morning Summary: If the color red makes you feel nauseated, then Monday might be a good day to find something else to do and leave the quote screen turned off. After all, parts of the US Plains and Midwest are [...]
Morning Summary: I had to laugh Thursday afternoon. The dust hadn’t even settled on the big selloff in US stock markets and CNBC was promoting that night’s program “Special Edition: Markets in Turmoil”. Yes, when all was said and done [...]
Morning Summary: As I mentioned in Wednesday’s Afternoon Commentary, markets in general shrugged off the announced US interest rate hike of 50-basis points. To its credit, the US Federal Open Market Committee has not played a guessing game with its [...]
Morning Summary: I can’t help but be reminded of war movies I've seen when those going through boot camp were taken out on a training hike, not knowing for how long or how far. That’s the feeling as we head [...]
Morning Summary: A quick check of the various market sectors shows a quieter start to Tuesday than what we saw 24 hours ago. The big mover was once again crude oil as the WTI spot-month contract lost as much as [...]
Morning Summary: Welcome to the second day of May, the day after May Day, and appropriately enough most markets in the commodity complex are signaling Mayday! What has changed from last Friday? Not much, really. Markets are technically overbought, generally, [...]
Morning Summary: It’s hard to believe but we’ve already reached the end of April, meaning spring is two-thirds complete. What makes this even more incredible is most of the corn, soybean, spring wheat, and cotton seed for 2022 remains in [...]
Morning Summary: As the old saying goes, “Politics makes strange bedfellows”, and while that has been proven over time I wonder how the phrase would be adjusted for markets. I have a hunch it would be deemed “not safe for [...]
Morning Summary: The oilseed sector is in the spotlight Wednesday as Indonesia’s ban on exports goes into effect. The sector has seen some movement already this week, most notably US soybean oil issues hitting new contract highs. But similar moves [...]
Morning Summary: It looks like the commodity complex, for the most part, is suffering from the same Monday blahs that hit many of us coming out of a weekend. And oddly enough, it is for the same reason – a [...]
Morning Summary: There is a uniformity to the commodity complex early Friday morning, with every sector generally showing markets in the red. The first thing that came to mind was the old saying, “Red screens in the morning, market bulls [...]
Morning Summary: There were no huge surprises overnight through early Wednesday morning, though a solid drop by the US dollar index first caught my eye. After initially hitting 101.04 (reportedly), the green back fell to a low of 100.31 and [...]
Morning Summary: The US dollar index grabbed my attention first thing Tuesday morning as it climbed above 101.00 overnight. This is the strongest the greenback has been since March 25, 2020. Some of the strength has to do with US [...]
Morning Summary: It’s another chilly start to the week early Monday morning with temperatures in the 30s and 40s as far west as the Rocky Mountains and south through Oklahoma, then all the way east to the Atlantic Ocean. Given [...]
Morning Summary: Thursday is the last day of the week. No, the world isn’t coming to an end though I’m guessing some folks up in the Northern Plains wouldn’t mind that being the case as they enter the third day [...]
Morning Summary: A look at the quote screen early Wednesday morning shows me traders were active as a number of markets showed an uptick in volume. But there is also a sense of tentativeness that I can’t quite put my [...]
Morning Summary: There were a number of markets making big moves overnight through early Tuesday morning, with the chorus of voices singing “Turnaround Tuesday” growing louder already. I would argue that today could be a “Turnaround Turnaround Tuesday” given Monday’s [...]
Morning Summary: The commodity complex was mixed coming out of the weekend and into a holiday shortened week (markets will be closed Friday). The big mover overnight was palladium, with the June contract rallying 4.5% while the rest of the [...]
Morning Summary: Friday morning is off to a relatively quiet start with most market sectors mixed pre-dawn. The US dollar index and euro were both showing small losses as US stock index futures rallied a bit. Meanwhile, US Treasury yields [...]
Morning Summary: The first thing that came to my mind as I checked the various market sectors Thursday morning was a take on an old saying, “If a market falls overnight and nobody is around, did it make a sound?” [...]
Morning Summary: Some of you may recognize the title of today’s Morning Commentary as the Doobie Brother’s classic yacht rock album from 1978. If you do, you might also recall it included the great song “What a Fool Believes” that [...]
Morning Summary: A quick check of the traps early Tuesday yields mixed results with most ag markets in the green and financials in the red. The US dollar index was a bit weaker to start the day, slipping as much [...]
Morning Summary: Well, we made it through the end of March and April Fools’ Day, with the weekend bringing us comfortably into the first week of April. This will be another busy week with the highlight being the beginning of [...]
Morning Summary: Happy April 1 everyone. No, I’m not going to play any April Fools’ Day jokes on you today because I still believe that was done Thursday, and it wasn’t all that funny. With March behind us now, it’s [...]
Morning Summary: We’ve reached the day so many look forward to each spring, the day when adults can set aside reality and live in fantasy land where talk of Unicorns and Easter Bunnies can be heard in every direction. Of [...]
Morning Summary: Though it is difficult to read much into Tuesday night through Wednesday morning’s overnight session, it does seem most markets took a turn back to the reality not much has actually changed in Ukraine. We talked about this [...]
Morning Summary: A quick check of the various market sectors early Tuesday shows mixed results. Energies were able to gain back some of Monday’s meltdown with Brent crude up $1.15 (1.0%) while WTI crude rallied $0.80 (0.7%). On the other [...]
Morning Summary: The commodity complex was showing a lot of red to start the week, led by a sharp selloff in the energy complex. Here we see the Brent crude market lost as much as $5.31 (4.4%) overnight while WTI [...]
Morning Summary: Though it is still pre-dawn for most of us, if you look hard enough at the far horizon you can just make out the outline of the first weekend of spring. A quick glance at the latest 72-hour [...]
Morning Summary: When I first ran the traps of the various market sectors Thursday morning, I was reminded of the kids’ game “Red Light, Green Light”. Much of what was green 24 hours ago, which was most markets if you [...]
Morning Summary: We tend to associate spring with the color green, and if so, a look at the quote screens early Wednesday certainly puts us in a seasonal mood. Starting with the greenback, fittingly enough, the US dollar index was [...]
Morning Summary: It was a rainy morning across much of the US Midwest early Tuesday, though market action reminds us it is still early spring. A look at the grain and oilseed complex shows us some of the strongest moves [...]
Morning Summary: Markets were back in the swing of things early Monday morning with solid gains seen nearly across the board in the commodity complex. The outlier was metals where gold was down about $2.00, but well off its session [...]
Morning Summary: Look what I found on the US radar map this morning, a big band of rain stretching from New Orleans to Milwaukee and extending as far west as my old stomping grounds of Great Bend, Kansas. I don’t [...]
Morning Summary: This being St. Patrick’s Day, a day when everyone pretends to be just a wee bit Irish, the commodity complex in general got into the spirit of the day by wearing green across the board. The energy sector [...]
Morning Summary: The day has finally arrived. Many will argue, and I include myself in this camp, it is months too late, but Wednesday will see the US Federal Reserve raise its Fed Fund Rate, most likely by only 0.25% [...]
Morning Summary: Shortly after Monday’s close, my son Ben sent me a message that read, “Beware the Ides of March. Tomorrow could be an interesting day.” First, I was impressed he referenced the line from Shakespeare’s Julius Caesar and second, [...]
Morning Summary: There were rumblings late Sunday afternoon the nearly 3-week old war in Ukraine could be nearing its end. While I couldn’t find any news to back up those sentiments, market activity was indicating something may be brewing on [...]
Morning Summary: Raise your hand if this week’s wild roller-coaster ride is making you queasy. If your hand is up you aren’t alone, for mine is raised as well. The overnight session into Friday morning was more of the same, [...]
Morning Summary: As mentioned Wednesday afternoon, I kept an eye out overnight for a headline that might be linked the reversal in most markets yesterday. The only one I came up with was there were high level talks in Turkey [...]
Morning Summary: My usual check of the various market sectors was anything but normal early Wednesday morning, with the one jumping out at me Tuesday’s reported beef cutouts[i]. Choice came in at $252.44, down $2.27 for the day, while select [...]
Morning Summary: For some reason, when I look at the various market sectors early Tuesday the opening line of Gordon Lightfoot’s classic “Carefree Highway” starts playing in my mind, “Picking up the pieces of my sweet, shattered dream…”. While some [...]
Morning Summary: It was made clearer over the weekend the world has not done enough to pressure Russia’s Putin as the horror stories continue roll out of Ukraine. The recent “when is no sanction a sanction” move by US President [...]
Morning Summary: One thing we are learning about Russia’s Mr. Putin as his war in Ukraine heightens, there is no end to the pain and suffering he seeks to inflict on the world. On the other hand, maybe we always [...]
Morning Summary: If one is in the markets these days, nearly any market, it’s best to catch a quick nap between the end of the day session and beginning of overnight trade and then staying up all night to watch [...]
Morning Summary: It has been quite a day already in commodities, and it is still early morning. As I was watching financial news and tracking markets for this Commentary, it got be if one blinked they missed a big move. [...]
Morning Summary: The first day of March is the first day of meteorological spring, meaning the start of a new season. Unfortunately, the news is the same as when we closed out winter with Russian President Putin reportedly stating something [...]
Outside Markets: I’m expecting to see all three livestock markets post volatile sessions Monday, likely starting with the opening bell. Given this, I want to look at some of the outside markets that could influence direction. First, the US dollar [...]
Morning Summary: First, as of the latest reports, the Ukrainian capital of Kyiv has not fallen. However, there were harrowing pictures, I can’t vouch for their validity, of a miles long Russian military convoy making its way toward the city.[i] [...]
Morning Summary: The stories coming out of Ukraine Thursday were horrifying, including the 13 border guards stationed on an outlying island. When told to surrender by the captain of a Russian warship, they collectively had a crude yet colorful response. [...]
Morning Summary: It’s a somber morning early Thursday, as Russia’s President Putin escalated military action in Ukraine. Reports overnight were that shelling was occurring at major military sites across Ukraine, all as Mr. Putin knows more economic sanctions are coming [...]
Morning Summary: A check of the various market sectors early Wednesday shows most are taking a breather from recent activity, due in part to few new headlines regarding the situation in Ukraine. The lone update I found was from The [...]
Morning Summary: No, it isn’t late December, but based on global developments over the long US 3-day holiday weekend it could easily have been 1963. As I’ve talked about in my latest Weekly Columns, the Cold War has heated up [...]
Morning Summary: Yes, this is a US holiday for the grain and oilseed sector but there was activity in other markets overnight following a flurry of headlines. As you’ve likely read, France’s President Macron helped work out tentative details for [...]
Morning Summary: As usual of late, the first news I check for, after the US curling scores (it didn’t go well against our friends to the North last night), is for headlines regarding Ukraine and Russia. Early Friday morning finds [...]
Morning Summary: It has already been a busy morning for headlines, led by breaking news on CNBC’s early Worldwide Exchange program that read, “Kremlin: Concerned By Flare-Up In Eastern Ukraine”. The story that followed was Moscow did not want the [...]
Morning Summary: This should surprise no one: The first news story I saw early Wednesday morning was that global traders were again concerned about Russia’s intentions toward Ukraine, with Moscow again saying it isn’t going to invade. As I talked [...]
Morning Summary: As I write this, it is indeed 5 o’clock in Omaha. Honestly, I don’t care if it is a.m. rather than p.m given the headlines and chatter I’m hearing on financial television already this morning. Let’s start with [...]
Morning Summary: Well, the Big Game has come and gone here in the United States bringing with it another Monday morning. For the rest of the world not paying attention to the Super Bowl, the Ukraine/Russia situation remains on hold, [...]
Morning Summary: I had seen the forecasts, yet there was still something odd to the sound of a rainstorm moving through Omaha early this mid-February morning. There’s an old saying for almost every weather event, so I’ll have to ask [...]
Morning Summary: Markets were back at it overnight through early Thursday morning, starting with the slightly lower US dollar index. The greenback didn’t move much, posting a range of 0.18 and was sitting near mid-range at this writing. The Canadian [...]
Morning Summary: I was casually working through the various market pages I have set up on my quote system Wednesday morning, when I got to Corn. A quick glance led me to exclaim, to nobody else in my home basement [...]
Morning Summary: As you fire up your quote screens Tuesday morning, you might be aware of a red glow coming from your computer. Don’t be alarmed, it isn’t the equivalent of the blue screen of death that we’ve likely all [...]
Morning Summary: It was a mixed market Monday morning (it will be interesting to see how many times I have to redo the audio edition trying to say that opening line). Starting in currencies, as I tend to do, the [...]
Morning Summary: I was a little late writing Morning Commentary Friday as I was taking notes on a CNBC interview covering the workplace revolution going on in the United States and around the world. This is an important subject, one [...]
Morning Summary: As you check markets early Thursday morning, you’ll see things look different today. To begin with, the US dollar index is showing some strength, up 0.20 at this writing after gaining as much as 0.25 overnight. This had [...]
Morning Summary: “Ok campers, rise and shine, and don’t forget your booties because it’s cold out there…And you know, you can expect hazardous travel later today with that, you know, that blizzard thing.” It is indeed Groundhog Day and yes, [...]
Morning Summary: Today is the first day of the Lunar New Year, with 2022 the Year of the Tiger. What does this mean for markets? I have no idea, but maybe pro golf will see the return of one of [...]
Morning Summary: It’s hard to believe we have reached Morning Commentary for the last time in January. Everyone always wonders the same thing, where did the month go? But it is indeed January 31 meaning the beginning of a weeklong [...]
Morning Summary: It’s as if Thursday’s session never closed, but simply took a break for dinner and celebrating before starting the party up again that has now lasted into Friday morning. The US dollar continues to strengthen, hitting a new [...]
Morning Summary: The US dollar is in the spotlight again Thursday morning, with the index adding another 0.45 to Wednesday’s post-Fed Chairman Powell comments spike to 96.54. The US dollar index ($DXY) is now in position to complete a long-term [...]
Morning Summary: Most markets were relatively quiet overnight through early Wednesday morning, not a huge surprise given all the activity we’ve seen so far this week. The US dollar index was showing a small gain, up 0.14 and sitting at [...]
Morning Summary: It would be easier to talk about the few markets that are in the green early Friday than list all those showing losses to start the day. Beginning with currencies, the US dollar index was under light pressure [...]
Morning Summary: Running the traps early Thursday morning shows a number of commodity markets were lower, but rather than invoke the “Red markets in the morning...” warning, I’ll point out most showed a lighter shade of red to start the [...]
Morning Summary: A number of markets changed directions overnight, erasing at least some of Tuesday’s moves. The US dollar index was slightly weaker, giving back as much as 0.18 of yesterday’s strong 0.57 rally. The flip-side, naturally, is the euro [...]
Morning Summary: As we finally get a start to this week, markets will do so looking much like they did last Friday. The US dollar index firmed overnight, erasing a loss of 0.13 with a gain of as much as [...]
Morning Summary: Thursday in this space I talked about how most markets were red following overnight selling. This morning, markets are more mixed with energies posting a solid rally and softs are higher while metals and grains and oilseeds are [...]
Morning Summary: A quick check of markets early Thursday morning shows a lot of red, starting with the US dollar index. Following Wednesday’s free fall, the greenback lost another 0.27 overnight as it hit a low of 94.71. On the [...]
Morning Summary: The overnight session on the grain and oilseed sector before the release of USDA reports is meaningless. I could talk a great deal about how March soybeans fell as much as 6.5 cents while March corn was sitting [...]
Morning Summary: A quick look at markets this morning and a familiar cliché comes to mind – Turnaround Tuesday. This phrase used to make my late friend Gary Wilhelmi chuckle, due to its absurdity, and it is an idea that [...]
Morning Summary: Welcome to a new week everyone. The strange thing was it was a relatively quiet Sunday night through early Monday, an oddity made more peculiar by the global headlines over the weekend. The one that jumped out at [...]
Morning Summary: We’ve reached Friday morning meaning the weekend is in sight, not only for us humans but the algorithms that do most of the trading these days. Given the wild market activity to start this month, it’s highly likely [...]
Morning Summary: It’s hard to believe, but it has already been a year. The first thing I did this morning was go back and read my Afternoon Commentary Summary from January 6, 2021 (“Anarchy”), Morning Commentary Summary from January 7 [...]
Morning Summary: It’s possible traders stayed up late last night watching US college football’s Texas Bowl, and if so the lack of market activity is understandable. The game didn’t end until after 11pm (CT), with the post-game hoopla lasting to [...]
Morning Summary: I’ll say this for 2022 so far, traders are bullish. A quick check of the various markets early Tuesday morning shows almost everything to be in the green. Exceptions make a small list that includes copper, cocoa, oats, [...]
Morning Summary: 2022 got off to a rollicking start Sunday evening as the commodity complex in general jumped at the open of trade for the new year. The biggest move was made by the oilseed sector as soybeans gained 1.8%, [...]
Morning Summary: The last day of the year is always one of reflection, looking back at what was, wondering what might’ve been if one thing had gone differently. In the case of 2021, things happened in the United States I [...]
Morning Summary: I’ve paraphrased the old sailor saying to “Red markets in the morning” before, though I don’t know that it necessarily holds true that traders need to take warning. Particularly this time of year when trade volume seems to [...]
Morning Summary: A quick check of the various commodity sectors early Wednesday shows generally quiet markets. Except for one, there’s always one. And in this case it’s not hard to imagine which one it is. That’s right, natural gas as [...]
Morning Summary: A look across the commodity complex landscape shows a consistent green early Tuesday morning with only an occasional blotch of red to be seen. Metals were mostly higher with gold, silver, palladium, and platinum showing gains while only [...]
Morning Summary: The last 3-day holiday weekend of 2021 is now behind us meaning all that’s ahead of us is the last 5 trading days of the year. Shortly after Sunday’s open of the various commodity sectors, markets were back [...]
Morning Summary: We have reached the last trading day of the week before markets head into holiday, and it promises to be a busy one. We’ve seen a lot of activity so far this week, with much of it driven [...]
Morning Summary: Compared to what we saw 24 hours ago the commodity complex was raucous overnight through early Wednesday morning. While most of the talk will be of the continued rally in crude oil, with follow-through commercial buying pushing the [...]
Morning Summary: Tuesday morning saw the commodity complex doing its best holly and ivy imitation, though unlike Monday there was more ivy (green) than holly (red). The exception was the grain and oilseed complex where it was roughly an even [...]
Morning Summary: It is early Monday morning on a holiday week, and as we would expect a number of markets are showing light overnight volume. One that saw a lot of activity though was crude oil where the spot-month contract [...]
Morning Summary: When this week ends later Friday, it will be remembered for some wild pendulum swings posted by a number of markets. One of the first that comes to mind is crude oil with its daily changes of +1.33, [...]
Morning Summary: Not only has the weather calmed down considerably from Wednesday, but markets are a bit more docile as well. The hubbub over the US Federal Reserve announcements has come and gone meaning financial markets are again focused on [...]
Morning Summary: All eyes and ears will be on US Fed Chairman Powell Wednesday, waiting for this month’s 2-day meeting to conclude, an announcement to be made on tapering and tightening (feel free to sing AC/DC’s “T-N-T” if you’d like), [...]
Morning Summary: A quick check of the various market sectors shows a lot of red early Tuesday morning, though selloffs weren’t large in most cases. Natural gas led the way lower, losing 2%, as weather forecasts remain mild for much [...]
Morning Summary: A number of years ago there was a movie about two friends touring California’s wine country titled “Sideways”. For some reason this came to mind early Monday as I checked the various commodity sectors, and nearly every market [...]
Morning Summary: The commodity complex was quietly mixed early Friday morning, and while the calendar shows us to be in December, meaning winter, the weather outside is anything but frightful. At least for now. As I mentioned in Friday’s early [...]
Morning Summary: Most commodity sectors were in the red early Thursday though overnight trade volume was generally light. Some of this was due to a stronger US dollar index as the greenback firmed as much as 0.20 overnight, putting pressure [...]
Morning Summary: As I ran the traps of the different commodity market sectors early Wednesday morning, the clear pattern was more markets were in the red (lower) to start the day than in the green (higher). Notably, crude oil was [...]
Morning Summary: A look at the energy complex early Tuesday and the first thing that jumps out is another strong rally by crude oil. The spot-month contract gained as much as $2.20 (3.1%) overnight, with solid buying tied to both [...]
Morning Summary: I don’t mean to sound like the cartoon character Garfield the Cat, but Monday mornings do indeed have a certain feel to them. For many it’s hard to get going without copious amounts of coffee, a market that [...]
Morning Summary: In the grain and oilseed complex, there is a certain set of the industry that anxiously awaits each and every report from USDA so they have something to talk about. This group likes to pretend it is stoutly [...]
Morning Summary: Setting the hubbub over omicron aside for the time being, early Thursday’s news cycle will likely be dominated by the OPEC+ meeting that will decide, among other things, if the cartel will adhere to its planned output increase [...]
Morning Summary: Yes, it is Wednesday, December 1, the first day of meteorological winter and it seems all the wailing and rending of garments at the end of November was for naught. As is usually the case, all it took [...]
Morning Summary: We’ve seen this before, lived this before, this volatile back and forth ride in nearly every market based in part on headlines tied to the latest round of covid. Last Friday saw a major meltdown on word out [...]
Morning Summary: This past weekend acted as a cooling off period for most markets, giving global traders time to find out more about the Omicron covid variant that led to last Friday’s collapse. The first thing that came to mind [...]
Morning Summary: At this point of the holiday week many in the US have lost interest in markets and are more concerned about that special family secret brine for turkey that will soon be going in the oven, fryer, or [...]
Morning Summary: If we were on the game show where one has to fill in the blanks of well-known sayings, all of you who were around for the beginning of MTV (Music Television) in the early 1980s would know to [...]
