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Morning Wire
The small ag bounce overnight mostly fell apart in the last hour. KC wheat stayed a little higher but the rest of US ags were nearly unch. Crude oil is still screaming higher. S American forecasts remain dry beyond the next few days.
Everything lower for a change. Soybeans inside night, corn looking fairly stinky, wheats still above Jan lows. US weekly export sales excellent for soybeans and stinkaroo for wheats.
More new soybean highs, US corn futures a few cents from a breakout, S American weather forecasts are bad again.
New SH2 contract highs on a late surge in prices from lower to +11 finish. Weather forecasts returning to hot and dry for Arg and S Brazil now, not much else for news.
Smaller S American crop expectations on worsening Arg and S Brazil forecasts again, global oilseeds futures continue to push higher overnight as a result.
World soyoil/palmoil markets blowing up, Dalian corn calms down, US soybeans on new highs, the rest of it took a breather. Egypt tendered for wheat again.
Wheats continue their slide, corn unch in US futures despite new highs in Dalian, world and US soyoil and soy feels firmish still.
Lower again for the wheats, back to where we started yesterday. Corn marginally lower, beans a little higher off continued strength in Malaysian palmoil and US soyoil.
US central bank meetings begin today, overnights had wheats still rallying and row crops recovering/following.
The small ag bounce overnight mostly fell apart in the last hour. KC wheat stayed a little higher but the rest of US ags were nearly unch. Crude oil is still screaming higher. S American forecasts remain dry beyond the next few days.
Everything lower for a change. Soybeans inside night, corn looking fairly stinky, wheats still above Jan lows. US weekly export sales excellent for soybeans and stinkaroo for wheats.
More new soybean highs, US corn futures a few cents from a breakout, S American weather forecasts are bad again.
New SH2 contract highs on a late surge in prices from lower to +11 finish. Weather forecasts returning to hot and dry for Arg and S Brazil now, not much else for news.
Smaller S American crop expectations on worsening Arg and S Brazil forecasts again, global oilseeds futures continue to push higher overnight as a result.
World soyoil/palmoil markets blowing up, Dalian corn calms down, US soybeans on new highs, the rest of it took a breather. Egypt tendered for wheat again.
Wheats continue their slide, corn unch in US futures despite new highs in Dalian, world and US soyoil and soy feels firmish still.
Lower again for the wheats, back to where we started yesterday. Corn marginally lower, beans a little higher off continued strength in Malaysian palmoil and US soyoil.
US central bank meetings begin today, overnights had wheats still rallying and row crops recovering/following.
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