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Morning Wire
A continued push and pull fight in ags, end result is we continue to correct in time waiting for Labor Day and some US row crop harvest info most likely
Slightly lower overnight session
US row crops higher holding trendline support again, US wheats a little lower. More sales announced this AM of US beans to China and US corn to Mexico.
A rally overnight, but mostly inside nights after big down moves Friday.
Morning US weekly export sales were great for beans, moderate for corn and wheat. This AM dont ignore world currencies or crude oil if you are a US ag futures trader, extremely unhelpful all around..
Turnaround Tuesday – on Wednesday – around 3AM CT in the ag futures. No apparent reason whatsoever.
Looks like a blowoff top in everything but oilseeds to us overnight. China bought more beans announced this AM.
Higher world ags amid a backdrop of macro nervousness, US Pro Farmer corn/soybean crop tour has begun.
A continued push and pull fight in ags, end result is we continue to correct in time waiting for Labor Day and some US row crop harvest info most likely
Slightly lower overnight session
US row crops higher holding trendline support again, US wheats a little lower. More sales announced this AM of US beans to China and US corn to Mexico.
A rally overnight, but mostly inside nights after big down moves Friday.
Morning US weekly export sales were great for beans, moderate for corn and wheat. This AM dont ignore world currencies or crude oil if you are a US ag futures trader, extremely unhelpful all around..
Turnaround Tuesday – on Wednesday – around 3AM CT in the ag futures. No apparent reason whatsoever.
Looks like a blowoff top in everything but oilseeds to us overnight. China bought more beans announced this AM.
Higher world ags amid a backdrop of macro nervousness, US Pro Farmer corn/soybean crop tour has begun.
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