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Afternoon Wire
No Upside Range Expansion Yet as Ags Refuse to Follow Through After Thursday’s Friendly-ish Reports; Rains on Their Way to Aid the US Winter Wheat Crop
Corn Trades Back to the Recent Highs After Nass Prints 90M Acres; Stocks Come in 85 Mbu Below Avg Guess; SRW Leads Wheat After Acres Decrease from Winter Wheat Seedings Report
HRW Right Back into the Middle of Its Recent Range After Failing to Close Above $6 Yesterday
Wheat Runs Into Resistance Around the $6 Mark in HRW; Potential Double-Top Short Term
Overnight Rally Lacks Follow-Through
Hard Wheat Comes Back to Finish About Unch, Chicago Drags with Calendar Spreads Under Pressure; Corn Remains Stuck Around $4.40 While Beans Rally to Settle Above Their 50-DMA
Chicago May Wheat to Test Last Week’s High and the 20-day Moving Average
Chicago Wheat Bounces After Nearly Trading Down to Contract Lows Early in the Session; Russian Export Prices Uptick $5/MT Week over Week
Wheat Drops on Chinese Cancellations of Aussie Wheat; Corn Takes a Step Back on Better Forecasts in Brazil
No Upside Range Expansion Yet as Ags Refuse to Follow Through After Thursday’s Friendly-ish Reports; Rains on Their Way to Aid the US Winter Wheat Crop
Corn Trades Back to the Recent Highs After Nass Prints 90M Acres; Stocks Come in 85 Mbu Below Avg Guess; SRW Leads Wheat After Acres Decrease from Winter Wheat Seedings Report
HRW Right Back into the Middle of Its Recent Range After Failing to Close Above $6 Yesterday
Wheat Runs Into Resistance Around the $6 Mark in HRW; Potential Double-Top Short Term
Overnight Rally Lacks Follow-Through
Hard Wheat Comes Back to Finish About Unch, Chicago Drags with Calendar Spreads Under Pressure; Corn Remains Stuck Around $4.40 While Beans Rally to Settle Above Their 50-DMA
Chicago May Wheat to Test Last Week’s High and the 20-day Moving Average
Chicago Wheat Bounces After Nearly Trading Down to Contract Lows Early in the Session; Russian Export Prices Uptick $5/MT Week over Week
Wheat Drops on Chinese Cancellations of Aussie Wheat; Corn Takes a Step Back on Better Forecasts in Brazil
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