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The overbought, lower price trend which started yesterday continues in world ags except Malaysian palmoil and US beans and Canola.
Wheat Rally Takes a Breather, For Now, After Reaching Some Important Technical Objectives; Yesterday’s Frenzy of Bullish Headlines Nowhere to be Found Today
Lower overnights but not technically significant. Slightly bearish rain forecasts for S America compared to past weeks, but little rain forecast still for Black Sea wheat areas.
Wheat Makes Another Move High as a Round of Bullish Headlines Hit the Newswires
US wheats and corn run higher overnight, beans all over the place but finish lower, Middle eastern conflict rhetoric if anything is worse, macros fairly quiet other than crude higher.
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