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Morning Wire
US ag futures continue their climb on poor S American weather forecasts and screaming US HRW basis due to logistics
A very quiet night. Macros rebounding while world ags sit quietly by their dish
Macros are on the move over Omicron, but mainly world ags arent.
A quiet night in ags globally, SF-SH continues to heat up towards an inverse as first notice day approaches.
Algeria buys about 700,000 MT of wheat, apparently without any French and maybe without any Russian either. Russia says its new wheat export quota through June will reduce to 8 MMT from 9 MMT prior. And wheat was still lower …
A quiet night overnight in everything. Yesterdays rumors about an Iran wheat tender is now official, Turkey is in for wheat again.
Wheats and soybeans lower, world ags mainly lower except a decent rally in Dalian corn, US corn futures only slightly lower.
Quiet overnights again. We feel US winter wheat futures may be bottoming here.
Crop report day. Conab numbers were as expected. Macros benign, overnights mainly lower.
US ag futures continue their climb on poor S American weather forecasts and screaming US HRW basis due to logistics
A very quiet night. Macros rebounding while world ags sit quietly by their dish
Macros are on the move over Omicron, but mainly world ags arent.
A quiet night in ags globally, SF-SH continues to heat up towards an inverse as first notice day approaches.
Algeria buys about 700,000 MT of wheat, apparently without any French and maybe without any Russian either. Russia says its new wheat export quota through June will reduce to 8 MMT from 9 MMT prior. And wheat was still lower …
A quiet night overnight in everything. Yesterdays rumors about an Iran wheat tender is now official, Turkey is in for wheat again.
Wheats and soybeans lower, world ags mainly lower except a decent rally in Dalian corn, US corn futures only slightly lower.
Quiet overnights again. We feel US winter wheat futures may be bottoming here.
Crop report day. Conab numbers were as expected. Macros benign, overnights mainly lower.
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