Spring Wheat Loses Another Dime to Winters as Fund Length Heads for the Exits to Begin the Week; Row Crops Take Back a Portion of Last Week’s Gains on Better Rain Chances for Argy in the Extended Forecasts
US and world ag markets still coiling awaiting the Conab and USDA montly crop reports this week. Macros not doing anything technically significant either.
Continued pasting of US wheat futures paced by MGE HRS, continued sideways trade most row crops. Canola makes a new contract high overnight as an independent outlier. S American 11-14 day rains forecast now said to be the reason for overnight breaks.