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Wheat Takes Back a Chunk of Yesterday’s Losses While Attempting to Make its Way into Feed Channels
A light turnaround Tuesday bounce, USDX and crude hanging by threads to highs/lows
HRW Gets Crushed After Weekend Rain/Snow Blankets W KS; Row Crops Weak On Arg Forecast
S American weather and large increases in managed money length last week adds up to lower ags overnight. Macros quiet, wheats inside nights, row crops looking technically short term bearish.
Managed Money Nets Sells 2k SRW, 0.1k HRS; Net Buys 0.7k HRW, 42.5k Corn, and 36.6k Soybeans
Good US export sales vs good rains falling and forecast in S America, a quiet overnight
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