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Morning Wire
Everything but soybeans and meal continue to scream into the ether. Overnight was a lack of macro bullishness and a lack of news, and wheats and corn still rallied globally.
Wheats screaming globally on the heels of Saudi buying 1.2+ MMT and Egypt tendering again, corn out of its months long triangle pattern, but beans sitting there.
A light overnight of trade, corn and wheat futures globally still firm but soybeans starting to show some cracks.
No macro movement, no US ag movement, no world ag movement, no fresh news other than a fresh Saudi wheat tender
A quiet night in US ags, world ags, and macros. First intentions day for SX1 is tomorrows close.
A lower overnight but not yet major losses in anything globally ag futures. Dalian corn runs higher for second day in a row.
Matif and KC and MGE wheat continue to lead gains, Chicago wheat and all things row crop continue to lag. Not much fresh news either.
Big cal spread gains and flat price gains in MW and KW futures after KC receipts cancelled and MW cash trade moves to MWH.
A quiet night in macros and world ags, exception was the big gain to 2011 peak then reversal in palmoil. Good US soybean export sales and a new corn sale to Mexico this AM.
Everything but soybeans and meal continue to scream into the ether. Overnight was a lack of macro bullishness and a lack of news, and wheats and corn still rallied globally.
Wheats screaming globally on the heels of Saudi buying 1.2+ MMT and Egypt tendering again, corn out of its months long triangle pattern, but beans sitting there.
A light overnight of trade, corn and wheat futures globally still firm but soybeans starting to show some cracks.
No macro movement, no US ag movement, no world ag movement, no fresh news other than a fresh Saudi wheat tender
A quiet night in US ags, world ags, and macros. First intentions day for SX1 is tomorrows close.
A lower overnight but not yet major losses in anything globally ag futures. Dalian corn runs higher for second day in a row.
Matif and KC and MGE wheat continue to lead gains, Chicago wheat and all things row crop continue to lag. Not much fresh news either.
Big cal spread gains and flat price gains in MW and KW futures after KC receipts cancelled and MW cash trade moves to MWH.
A quiet night in macros and world ags, exception was the big gain to 2011 peak then reversal in palmoil. Good US soybean export sales and a new corn sale to Mexico this AM.
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