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Afternoon Wire
Wheat Battles Back After the 3-Day Drubbing Wed-Fri Last Week
New Contract Lows in MW, KW, C, & S; Chicago Wheat Settles Just a Dime Above Contract Lows as Selling Continues After an Expectedly Bearish Ag Outlook Form
New Move Lows in C, S, MW, and KW Ahead of Tomorrow’s “Big Reveal;” Plausible to Anticipate a “Buy the Fact” After the Pounding we Took the Last Two Sessions
Relatively Quiet Day in Ags as Trade Awaits the Agricultural Outlook Forum
Beans firm in the front month while corn sits, wheats continue to feature March/July cal spread firming. We await the week end USDA outlook forum.
WASDE Comes Out On Expectations; No Bullish Surprises to Trigger a Rally Yet
Calendar Spreads Highlight the Day in Wheat on Day 1 of Index Roll; Row Crops Hit By Wetter Argy Forecast
With Flat Price Wheat Stuck, All Attention Shifts to the Upcoming Calendar Spread Roll
Russia Keeps Global Wheat Values Under Pressure to Begin the Week; Brazilian Soybean Basis Holds Its Bounce From Last Week’s Lows
Wheat Battles Back After the 3-Day Drubbing Wed-Fri Last Week
New Contract Lows in MW, KW, C, & S; Chicago Wheat Settles Just a Dime Above Contract Lows as Selling Continues After an Expectedly Bearish Ag Outlook Form
New Move Lows in C, S, MW, and KW Ahead of Tomorrow’s “Big Reveal;” Plausible to Anticipate a “Buy the Fact” After the Pounding we Took the Last Two Sessions
Relatively Quiet Day in Ags as Trade Awaits the Agricultural Outlook Forum
Beans firm in the front month while corn sits, wheats continue to feature March/July cal spread firming. We await the week end USDA outlook forum.
WASDE Comes Out On Expectations; No Bullish Surprises to Trigger a Rally Yet
Calendar Spreads Highlight the Day in Wheat on Day 1 of Index Roll; Row Crops Hit By Wetter Argy Forecast
With Flat Price Wheat Stuck, All Attention Shifts to the Upcoming Calendar Spread Roll
Russia Keeps Global Wheat Values Under Pressure to Begin the Week; Brazilian Soybean Basis Holds Its Bounce From Last Week’s Lows
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