Big Liquidation Across Hard Wheat
Afternoon Wire 5.7.26 PDF
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A late fade in US ag futures this AM puts KC wheat on final support that will be tested during todays early day session
Wheat Struggles as Russia Continues to Offer Wheat Well Below $270/mt in Private Deals; Row Crops Stuck with Harvest Progressing
US row crops soften further as harvest progresses, winter wheats lower again and looking weak technically.
Row Crops Ignore the 5% Rise in Crude Oil, Settle Lower on the Day as Harvest Pressure Cannot Overcome Geopolitical Strife in the Middle East
Risk off due to the Israeli/Hamas conflict. US crop reports again on Thursday upcoming.
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