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Afternoon Wire
Crop Ratings Seem to Catch the Market By Surprise as Winter Wheats Trade 60+ Early in the Session
Wheat Rallies as Bombardments Hit Odessa Over the Weekend; Dec Corn Hits $7
Planting Intentions Surprise with 91M Soybeans and 89.5M Corn, Spring Wheat Adds Premium to Winters with the Help of 10.5M Acres Intended for 2022
Headlines Spur a Risk Off Day in Ags; Chicago May Wheat Fills Final Downside Gap from 3/1-3/2
Chicago May Has Lowest Settle Since March 2nd, Crude Oil Trades $11 Lower
Front End Inverses Continue to Shrivel Down Across the Wheat Complex; First Settle Below the 20-Day Moving Average in Over a Month for Chicago May Wheat
Wheat Drifts Lower During the Day Session While Trading its Smallest Daily Range in Over a Month; Soybeans Settle at New Highs
Bearspreading is the Day’s Feature as Chicago May has a “Quiet” 67-Cent Range
Chicago May Wheat Spends the Day Trading On and Off Limit Up, Goes Out 30 Cents Off the Highs
Crop Ratings Seem to Catch the Market By Surprise as Winter Wheats Trade 60+ Early in the Session
Wheat Rallies as Bombardments Hit Odessa Over the Weekend; Dec Corn Hits $7
Planting Intentions Surprise with 91M Soybeans and 89.5M Corn, Spring Wheat Adds Premium to Winters with the Help of 10.5M Acres Intended for 2022
Headlines Spur a Risk Off Day in Ags; Chicago May Wheat Fills Final Downside Gap from 3/1-3/2
Chicago May Has Lowest Settle Since March 2nd, Crude Oil Trades $11 Lower
Front End Inverses Continue to Shrivel Down Across the Wheat Complex; First Settle Below the 20-Day Moving Average in Over a Month for Chicago May Wheat
Wheat Drifts Lower During the Day Session While Trading its Smallest Daily Range in Over a Month; Soybeans Settle at New Highs
Bearspreading is the Day’s Feature as Chicago May has a “Quiet” 67-Cent Range
Chicago May Wheat Spends the Day Trading On and Off Limit Up, Goes Out 30 Cents Off the Highs
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