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Morning Wire
Higher on poor US day 2 spring wheat crop tour results but also world markets firming independently. Macros very supporting with USDX breaking out to the downside. This AM private exporters reported 132,000 MT of US soybeans to unknown also.
Spring wheat rallies off poor day 1 crop tour results, the rest of ags follow somewhat unwillingly
Overnight rally began after rumors of China buys of 1.0-1.5 MMT more US corn, finished firm across the board in the overnight.
US ag weakness off cooler eastern and central forecasts beyond a few days, Malaysian palmoil testing contract highs off hot 14 day forecasts there.
Quiet mixed overnight with MGE spring wheat pacing all gains on continued very hot and very dry forecasts
Technical washout/bloodbath, poor US export sales this AM except for wheat, 12 trading days until Index roll out of Sep ags begins
Rallying row crops and winter wheats, stabilized macros, oats exploded into new highs for all but 2014, and spring wheat lagging on little news and continued hot and dry N plains/Canadian prairies forecasts
A rebound as macros stabilize, US crop ratings were worse in N plains states, Brazil has another night of Safrihna frost, and Kazakh rumored to be export taxing milling wheat and limiting feedgrain exports
A much higher start softened by macros and US covid re-shutdown fears.
Higher on poor US day 2 spring wheat crop tour results but also world markets firming independently. Macros very supporting with USDX breaking out to the downside. This AM private exporters reported 132,000 MT of US soybeans to unknown also.
Spring wheat rallies off poor day 1 crop tour results, the rest of ags follow somewhat unwillingly
Overnight rally began after rumors of China buys of 1.0-1.5 MMT more US corn, finished firm across the board in the overnight.
US ag weakness off cooler eastern and central forecasts beyond a few days, Malaysian palmoil testing contract highs off hot 14 day forecasts there.
Quiet mixed overnight with MGE spring wheat pacing all gains on continued very hot and very dry forecasts
Technical washout/bloodbath, poor US export sales this AM except for wheat, 12 trading days until Index roll out of Sep ags begins
Rallying row crops and winter wheats, stabilized macros, oats exploded into new highs for all but 2014, and spring wheat lagging on little news and continued hot and dry N plains/Canadian prairies forecasts
A rebound as macros stabilize, US crop ratings were worse in N plains states, Brazil has another night of Safrihna frost, and Kazakh rumored to be export taxing milling wheat and limiting feedgrain exports
A much higher start softened by macros and US covid re-shutdown fears.
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