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Afternoon Wire
Yesterday’s NASS Progress Report Leads to a Back and Forth Session Today; HRW/SRW Spread Nearing Contract Highs
Macros and an Upcoming Planting Window for Most Row Crop Areas Weigh on Ags to Begin the Week
Headlines of Worrisome Global Wheat Supplies Rocket KC 50 higher; HRW Gains 20+ on HRS and SRW
Indian Ag Ministry Cuts Wheat Production 6MMT to 105MMT;10 MMT of Exports in 22/23 Uncertain; FED Raises Rates the Expected 0.5%
Markets Trade Both Sides of Unch Before Closing in the Red; Planting Delays Yet to Cause Panic
Wheat Recovers Slightly from Overnight Pounding; Ratings Fail to Make a Recovery; ND Planting Progress Concerning
Corn Stays Underpinned on Wet 7-Day Precip Outlook While HRW Weakens on Rain Prospects for Early Next Week
Corn Makes a Contract High on Chinese Purchases; Global Vegoils Rally on Indo Export Ban
Back and Forth Session with Chicago Wheat Leading the Charge as Ratings Continue to Deteriorate; Trade Focused on Weather Market/Planting Delays
Yesterday’s NASS Progress Report Leads to a Back and Forth Session Today; HRW/SRW Spread Nearing Contract Highs
Macros and an Upcoming Planting Window for Most Row Crop Areas Weigh on Ags to Begin the Week
Headlines of Worrisome Global Wheat Supplies Rocket KC 50 higher; HRW Gains 20+ on HRS and SRW
Indian Ag Ministry Cuts Wheat Production 6MMT to 105MMT;10 MMT of Exports in 22/23 Uncertain; FED Raises Rates the Expected 0.5%
Markets Trade Both Sides of Unch Before Closing in the Red; Planting Delays Yet to Cause Panic
Wheat Recovers Slightly from Overnight Pounding; Ratings Fail to Make a Recovery; ND Planting Progress Concerning
Corn Stays Underpinned on Wet 7-Day Precip Outlook While HRW Weakens on Rain Prospects for Early Next Week
Corn Makes a Contract High on Chinese Purchases; Global Vegoils Rally on Indo Export Ban
Back and Forth Session with Chicago Wheat Leading the Charge as Ratings Continue to Deteriorate; Trade Focused on Weather Market/Planting Delays
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