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Managed Money Net Sells 10.4k SRW, 9.8k HRW, 46.9k Corn, and 11.3k Soybeans; Net Buys 0.1k HRS
A sideways night at the markets have dug deeper now into the USDA crop report. Hints at more rain for Arg a week from now this AM.
Corn Sets the Tone for Wheat’s Comeback as Harvested Acres get Slashed 1.6M; Wheat Acreage Bearish on Paper but Almost 40% of the Increase is TX
Lots of minor news ahead of US crop report day today. CPI number was neutral.
Ag Futures Quiet Ahead of Reports Tomorrow
World wheat continues to stagger at lows, world row crops continue to hold. Its either a wheat bottom or theres a dollar more downside. Place your bets, US acreage numbers are tomorrow for winter wheat.
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