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Wheat Gets Smoked Again with HRW Cash Bids in a Freefall; A Trade Back Towards the Lower End of The Recent Range Seems Likely
Macros still adjusting to the US rate cut, US row crop futures mixed overnight, world wheats lower with Russian FOB offer remaining low at 216.
Fed Cuts Rates 0.5% in a Widely Expected Move; Wheat Continues its Low-Volume Chop as Spec Money Stays Sidelined
US beans substantially higher for no apparent reason, Dalian corn comes back from holiday with a thud to new contract lows, US Fed rate decision today.
Listless Trade in Grains as Volume Dries Up; Macro Markets Await Tomorrow’s Fed Decision and the Schedule for Additional Rate Cuts Moving Forward
Choppy slightly higher US ag futures overnight. Macros fairly quiet awaiting the Fed rate decision tomorrow.
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