Afternoon Wire

Afternoon Wire 8/5/24

Outside Markets Somewhat Calmer in the Day Session; Still Too Much Uncertainty/Risk-Off to Feel Great About Anything

Afternoon Wire 8/1/24

Wheat Shows Resilience All Week; Feels Like an Upcoming Short-Covering Rally is Imminent

Afternoon Wire 7/31/24

US Wheat Futures Ignore Matif’s 5 Euro Higher Day; Deja Vu in Row Crops With New Contract Lows

Afternoon Wire 7/30/24

Wheat Firms Off Morning Lows But Can’t Gather Momentum as Weakness in Row Crops Persists

Afternoon Wire 7/29/24

Grains Close Higher, Well Off Day Session Open Lows; Russian Wheat Prices Holding Steady as Winter Wheat Futures Plunge into Newer Multi-year Lows

Afternoon Wire 7/25/24

Wheat Back Near Support Areas, Unable to Find an Upside Spark; Soybeans Rally on Hopes that China is Back for New Crop in a Major Way; WQC HRS Tour Findings Support NASS’ Record ND Yield

Afternoon Wire 7/24/24

Row Crop Price Direction Dependent on Intensity of Upcoming Heat/Precip; Everything Closes Well Off the Highs as New Bullish Inputs Lack

Afternoon Wire 7/23/24

Row Crops Continue their Mini-Rally but Run into Some Technical Resistance; Wheat Chops Around Most of the Session; Wheat Tour Day 1 Results Later Tonight

Afternoon Wire 7/22/24

Soybeans 30+ Higher as Chatter of Hot Temps in August Worries the Record Net Fund Short; Corn and Wheat Follow with Less Enthusiasm

Afternoon Wire 7/17/24

Wheat Trying to Turn Technical Momentum Higher After the WK24 Double-Bottom Holds Again

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