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Morning Wire
Quiet ag price action overnight still awaiting the Sep 30 crop reports, crude rallies into new contract highs on daily charts.
Slightly lower in general for ags overnight, concerns about US government funding and potential shutdowns.
Mostly noise on a higher night in US ag futures, Malaysian palmoil makes new Nov contract highs, we still think we are awaiting the Sep 30 US reports and more US row crop yield information.
A light recovery in US ags overnight after macro fears calmed somewhat on good Evergrande news.
Turnaround Tuesday in the macros, not much going on in ags on very light overnight volumes
Quiet overnight, markets have an overall slightly bullish tone but seem to be biding time awaiting further US corn harvest yeild data and waiting on the Sep 30 quarterly grain stocks and small grains summary reports.
higher overnights undone late by poor US wheat and corn sales weekly report. China buys another 132,000 MT of US soybeans reported this AM.
World wheat and corn higher on a new leg up, Malaysian palmoil also higher testing contract highs. But US soybeans, Dalian corn, and Dalian soymeal flattish.
A decent rally in US ags overnight on oversold conditions and some new bull inputs, Canadian all wheat production now est at 21.7 MMT.
Quiet ag price action overnight still awaiting the Sep 30 crop reports, crude rallies into new contract highs on daily charts.
Slightly lower in general for ags overnight, concerns about US government funding and potential shutdowns.
Mostly noise on a higher night in US ag futures, Malaysian palmoil makes new Nov contract highs, we still think we are awaiting the Sep 30 US reports and more US row crop yield information.
A light recovery in US ags overnight after macro fears calmed somewhat on good Evergrande news.
Turnaround Tuesday in the macros, not much going on in ags on very light overnight volumes
Quiet overnight, markets have an overall slightly bullish tone but seem to be biding time awaiting further US corn harvest yeild data and waiting on the Sep 30 quarterly grain stocks and small grains summary reports.
higher overnights undone late by poor US wheat and corn sales weekly report. China buys another 132,000 MT of US soybeans reported this AM.
World wheat and corn higher on a new leg up, Malaysian palmoil also higher testing contract highs. But US soybeans, Dalian corn, and Dalian soymeal flattish.
A decent rally in US ags overnight on oversold conditions and some new bull inputs, Canadian all wheat production now est at 21.7 MMT.
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