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Afternoon Wire
Wheat Finds Bottom Pickers and a Supportive Black Sea Headline; Soybeans Trade 60+ Cents off Yesterday’s Low
Soybeans Come Roaring Back to Settle 40 Cents Off the Overnight Lows; Corn Ekes out a Slightly Higher Settle; Funds Pile Into Wheat as the Short Leg of Every Intermarket Once Again
Short Corn/Long Soybean Unwind After Sell the Fact on Weekly Export Sales Report; KC and Chicago Wheat Back to the Lows as MW/KW Intermarket Makes a New Move High
NOPA Comes Out with a Record October Crush; Corn Trades Near Contract Lows While the Unwind of Recent Chicago Longs Adds to Premium for Hard Wheat Intermarkets
Row Crops End in the Green as the Focus Stays on Brazil; Hard Wheat Gains Back Some Premium Against SRW
Soybeans Rocket to New Move Highs on Brazilian Weather Concerns; Dec Corn Scores a Key Reversal; Wheat Gains Modestly in Sympathy with Row Crops
WASDE Leans Bearish After Production Hikes in Row Crops; Wheat Carryout Larger on Imports
Reports of a Russian Missile Hitting a Civilian Vessel Entering the Port of Odessa Sparks Massive Short Covering in Wheat
Crude Oil Gets Smoked, Macro Environment Unfriendly to Ags Today; HRS Makes New Move High Against HRW While Z/H Flirts With 15 Carry
Wheat Finds Bottom Pickers and a Supportive Black Sea Headline; Soybeans Trade 60+ Cents off Yesterday’s Low
Soybeans Come Roaring Back to Settle 40 Cents Off the Overnight Lows; Corn Ekes out a Slightly Higher Settle; Funds Pile Into Wheat as the Short Leg of Every Intermarket Once Again
Short Corn/Long Soybean Unwind After Sell the Fact on Weekly Export Sales Report; KC and Chicago Wheat Back to the Lows as MW/KW Intermarket Makes a New Move High
NOPA Comes Out with a Record October Crush; Corn Trades Near Contract Lows While the Unwind of Recent Chicago Longs Adds to Premium for Hard Wheat Intermarkets
Row Crops End in the Green as the Focus Stays on Brazil; Hard Wheat Gains Back Some Premium Against SRW
Soybeans Rocket to New Move Highs on Brazilian Weather Concerns; Dec Corn Scores a Key Reversal; Wheat Gains Modestly in Sympathy with Row Crops
WASDE Leans Bearish After Production Hikes in Row Crops; Wheat Carryout Larger on Imports
Reports of a Russian Missile Hitting a Civilian Vessel Entering the Port of Odessa Sparks Massive Short Covering in Wheat
Crude Oil Gets Smoked, Macro Environment Unfriendly to Ags Today; HRS Makes New Move High Against HRW While Z/H Flirts With 15 Carry
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