Possible US/Iran Peace Deal? Light liquidation event across grain markets
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Wheat a little higher following Monday’s meltdown….
Chicago 40 Cents Off the Highs as China is Likely to Turn Towards EU if Additional Milling Quality Wheat is Desired; Jan Beans Back Above Last Week’s High with the Weather Market Still in Full Throttle
Quiet ag night session with beans higher and wheats lower as we await the US inflation data and Fed meeting this week.
We await the US crop report today, exporters announce another 110,000 MT of US SRW sold to China this AM.
SRW Makes it Eight Sessions in a Row as Calendar Spreads Make New Move Highs; Massive OI Liquidation Signals Funds Activity in Covering Shorts
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