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KC Wheat Leads the Way Lower After Yesterday’s Expected Cuts to Ending Stocks Failed to Turn Momentum Higher
A quiet US ags night with wheats and corn slipping a little while beans held above yesterdays big drop lows. Malaysian palmoil is on fresh contract highs and Matif wheat while lower overnight is close to highs.
A Bearish Row Crop WASDE Report on Larger than Expected Ending Stocks/Production; Wheat Escapes with Minor Gains as MWZ Scores Another Contract High
Report day is upon us. Nothing happened overnight in macros or ags other than continued strength in MGE wheat.
Soybeans Settle Below Key Support as Trade Expects Bearish Production/Stocks; Corn and Wheat Spend The Entire Day Near Unch on Tiny Ranges
Quiet US ag markets awaiting the crop report tomorrow, crude oil blowing up on its daily chart up another 2.00 this AM.
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