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Afternoon Wire
Grain markets in state of “Limbo” ahead of fund roll and Wasde on Friday
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
Grain markets in state of “Limbo” ahead of fund roll and Wasde on Friday
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
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