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Afternoon Wire
Quiet Day in Ags Ahead of Tomorrow’s Stocks/Plantings Reports; KW/W Back to All-time Highs as Chicago Wheat Remains the Preferred Short Leg of All Intermarket Spreads
Russian Headlines Lead Wheat Higher to Begin the Day, But There’s Debate on How Wheat Exports Will be Affected Moving Forward
A Mixture of Russia’s Floor Price on Exports, Dry S Plains Forecast, and Cold/Snowy N Plains Potential Sends Wheat to A Fourth Consecutive Higher Close
Hard Wheats Trade Their Highest This Month as Weather Issues Persist in the N and S Plains; Chicago Falls Further Behind on Intermarkets
Winter Wheats Continue to Go Opposite Ways as HRW stays Dry and Chicago New Crop Prospects Look Good
Another Ugly Session for Wheat as the Search for Demand Continues; K/N Row Crop Spreads Make New Move Highs
Wheat Leads the Way Lower, Follows Weakness in French Wheat Futures and Russian Export Offers
Matif Makes New Contract Lows, Drags US Wheat Futures
Corn the Upside Leader After Almost 2mmt Confirmed to China this Week
Quiet Day in Ags Ahead of Tomorrow’s Stocks/Plantings Reports; KW/W Back to All-time Highs as Chicago Wheat Remains the Preferred Short Leg of All Intermarket Spreads
Russian Headlines Lead Wheat Higher to Begin the Day, But There’s Debate on How Wheat Exports Will be Affected Moving Forward
A Mixture of Russia’s Floor Price on Exports, Dry S Plains Forecast, and Cold/Snowy N Plains Potential Sends Wheat to A Fourth Consecutive Higher Close
Hard Wheats Trade Their Highest This Month as Weather Issues Persist in the N and S Plains; Chicago Falls Further Behind on Intermarkets
Winter Wheats Continue to Go Opposite Ways as HRW stays Dry and Chicago New Crop Prospects Look Good
Another Ugly Session for Wheat as the Search for Demand Continues; K/N Row Crop Spreads Make New Move Highs
Wheat Leads the Way Lower, Follows Weakness in French Wheat Futures and Russian Export Offers
Matif Makes New Contract Lows, Drags US Wheat Futures
Corn the Upside Leader After Almost 2mmt Confirmed to China this Week
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