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Morning Wire
Chicago wheat runs 20+cents higher, corn a dime higher, and beans got 15+ cent gains. Egypt tendered. Major US acreage report remains Thursday.
Quiet overnights in US ags, world ags, macros. The focus is clearly on this afternoon US crop updates and Thursdays crop reports.
A minor bounce in US ags after yesterdays drubbing, world ags break to follow yesterdays US break, macros benign
Another overnight global ag pasting, simply no bottom in new crop futures apparently.
A slight recovery in wheat overnight, still weak US row crop futures, a cool 6-10 but a dry 8-14. And everyone asking is this bottom or is bottom dollars away.
Row Crops Gap Lower Open Last Night on Cooler Temps Beginning Saturday; Chicago Wheat Trades Down Through the 100-Day MA for First Time Since the Russian Invasion
More rally for US corn futures overnight, more hot and dry forecasts too.
Europe raises rates, AM US weather runs are hot and dry in the southern half of row crop belt
US ag markets consolidating on a breather week, correcting in time awaiting more weather forecasts that take us to the July 4 weekend to see whether it will remain hot and dry or not.
Chicago wheat runs 20+cents higher, corn a dime higher, and beans got 15+ cent gains. Egypt tendered. Major US acreage report remains Thursday.
Quiet overnights in US ags, world ags, macros. The focus is clearly on this afternoon US crop updates and Thursdays crop reports.
A minor bounce in US ags after yesterdays drubbing, world ags break to follow yesterdays US break, macros benign
Another overnight global ag pasting, simply no bottom in new crop futures apparently.
A slight recovery in wheat overnight, still weak US row crop futures, a cool 6-10 but a dry 8-14. And everyone asking is this bottom or is bottom dollars away.
Row Crops Gap Lower Open Last Night on Cooler Temps Beginning Saturday; Chicago Wheat Trades Down Through the 100-Day MA for First Time Since the Russian Invasion
More rally for US corn futures overnight, more hot and dry forecasts too.
Europe raises rates, AM US weather runs are hot and dry in the southern half of row crop belt
US ag markets consolidating on a breather week, correcting in time awaiting more weather forecasts that take us to the July 4 weekend to see whether it will remain hot and dry or not.
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