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Chicago Touches Limit as Worries Mount Over Black Sea Weather
May 20, 2024 US crop progress/conditions
Higher overnights on mainly Russian wheat weather fears. US wheats post inside nights but Matif wheat is now higher than Fridays highs.
US wheats overnight held moving average line tests yesterday and overnight amid concerns that Russian wheat area forecasts getting drier and hotter again.
Higher overnights led by double digit wheat gains, but all the US ag futures were inside night chops.
Outside Lower Day in WN; Winter Wheat Settles 30+ Off the Highs After Insane Rally on the Open
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