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Morning Wire
Choppy quiet night awating todays midday USDA crop report
FSA early data release shocks the trade, appears to have caused at least some fund length exits ahead of the crop report Friday that may or may not incorporate this data.
Inside nights for everything US ag futures, little fresh news, still awaiting the USDA numbers Friday.
Quiet overnights other than odd strength in KW futures. Then this AM we get 327,000 MT of US HRW sold to Nigeria. Well that explains that. Crop report looms Friday.
US wheats and soy higher overnight, corn slightly lower. China buys some more US soybeans. World ags mainly sideways overnight.
Neutral overnight? Bullish wheat overnight?? No idea, seems like a noisy chop to us while US commercial grain figures out how long port of NOLA will be out of business.
Gulf Concerns Remain Elevated
Wheat deliveries and damaged export facilities have markets heading lower for Month End
Row Crop Chop to Begin the Week, Wheat Up on Increasing Black Sea Prices and More Tender Activity, StatsCan Puts All Wheat at 22.9MMT
Choppy quiet night awating todays midday USDA crop report
FSA early data release shocks the trade, appears to have caused at least some fund length exits ahead of the crop report Friday that may or may not incorporate this data.
Inside nights for everything US ag futures, little fresh news, still awaiting the USDA numbers Friday.
Quiet overnights other than odd strength in KW futures. Then this AM we get 327,000 MT of US HRW sold to Nigeria. Well that explains that. Crop report looms Friday.
US wheats and soy higher overnight, corn slightly lower. China buys some more US soybeans. World ags mainly sideways overnight.
Neutral overnight? Bullish wheat overnight?? No idea, seems like a noisy chop to us while US commercial grain figures out how long port of NOLA will be out of business.
Gulf Concerns Remain Elevated
Wheat deliveries and damaged export facilities have markets heading lower for Month End
Row Crop Chop to Begin the Week, Wheat Up on Increasing Black Sea Prices and More Tender Activity, StatsCan Puts All Wheat at 22.9MMT
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