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Morning Wire
Quietly lower awaiting the USDA crop reports at 11AM and the quarter end on the close
Spring wheat double digit gains after poor conditions yesterday, the rest of ags steady-higher but choppy. StatsCan was a yawner, US acreage tomorrow and month end/quarter end tomorrow also.
Everything rallies led by MGE wheat on ideas all the weekend rain was already in the market from last weeks break
MGE wheat higher again, obvious concern ramping up in that marekt. Other ags mainly near unch with beans up a little on continuing demand from Mexico this time.
It appears the fund long selloff has hit stride now in row crops despite new overnight calls for too much flooding rain in the central US over the next 5 days
Wheats higher overnight on new world wheat tenders, row crops neutral awaiting the final results of the great Wed-Fri IA rain event.
MGE wheat explodes higher off poor crop ratings, other ags try to rally with it and fail overnight
Lower overnight on big weekend rains and big rains forecast east of the Mississippi in the 7 day forecast.
Overnight recovery of about half in row crop and all of wheat losses from yesterday.
Quietly lower awaiting the USDA crop reports at 11AM and the quarter end on the close
Spring wheat double digit gains after poor conditions yesterday, the rest of ags steady-higher but choppy. StatsCan was a yawner, US acreage tomorrow and month end/quarter end tomorrow also.
Everything rallies led by MGE wheat on ideas all the weekend rain was already in the market from last weeks break
MGE wheat higher again, obvious concern ramping up in that marekt. Other ags mainly near unch with beans up a little on continuing demand from Mexico this time.
It appears the fund long selloff has hit stride now in row crops despite new overnight calls for too much flooding rain in the central US over the next 5 days
Wheats higher overnight on new world wheat tenders, row crops neutral awaiting the final results of the great Wed-Fri IA rain event.
MGE wheat explodes higher off poor crop ratings, other ags try to rally with it and fail overnight
Lower overnight on big weekend rains and big rains forecast east of the Mississippi in the 7 day forecast.
Overnight recovery of about half in row crop and all of wheat losses from yesterday.
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