A choppy mess in US ags overnight while we await the long US weekend. Delivery intentions vs Sep futures yesterday afternoon featured US hard wheat but no soft wheat or corn.
New contract lows overnight for KC wheat, spring wheat, and Matif wheat. Weekly US ag export sales good to great. Nothing highly out of line in the StatsCan crop report.
Lower US ags overnight led by wheat as Black Sea FOB offers reportedly breaking and Australian wheat crop projected 32-35 MMT “with potential to go higher” vs 27.5 MMT 10 yr avg.