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Morning Wire
Another quiet US ag futures night. Crude is on a 4 day rally and US stock markets are rallying. Biden/Putin talks are today.
Quiet night in both ags and macros. Fridays COT uncovered huge risk off of longs in managed money and reductions of both longs and shorts from the commercial side.
world oilseeds (not palmoil) firmer, the rest of it? Welcome to holiday markets. StatsCan had a dazzlingly low durum number and slightly higher other wheat. US jobs report showed lower unemployment but also below expectations jobs growth.
Saudi Arabia is in again for 535,000 MT of opt-origin wheat, US winter wheats up 15 cents overnight and Matif wheat up 7.00 Euros. Other than that little happened overnight in ags or macros.
Light reversals in ags and macros as Europe reports early results of effects from Omicron are mild.
Crude made a lower low than the 10.00 break Friday, ags went into risk off mode from that or Omicron.
A little bit of everything. Macros recover slightly, Canola on contract highs, most world ags quiet, US ags were higher overnight but lost half those gains in soybeans and wheats and finished slightly lower in corn. World traders continue to assess Omicron.
Big troubles in macro land due to a new strain of virulent Covid. Matif 7-8 euros lower, opening calls for US ags sharply lower on a risk off event.
Mixed US ag futures overnight, new highs for Matif wheat, currencies continue to support world ags over US ags for export.
Another quiet US ag futures night. Crude is on a 4 day rally and US stock markets are rallying. Biden/Putin talks are today.
Quiet night in both ags and macros. Fridays COT uncovered huge risk off of longs in managed money and reductions of both longs and shorts from the commercial side.
world oilseeds (not palmoil) firmer, the rest of it? Welcome to holiday markets. StatsCan had a dazzlingly low durum number and slightly higher other wheat. US jobs report showed lower unemployment but also below expectations jobs growth.
Saudi Arabia is in again for 535,000 MT of opt-origin wheat, US winter wheats up 15 cents overnight and Matif wheat up 7.00 Euros. Other than that little happened overnight in ags or macros.
Light reversals in ags and macros as Europe reports early results of effects from Omicron are mild.
Crude made a lower low than the 10.00 break Friday, ags went into risk off mode from that or Omicron.
A little bit of everything. Macros recover slightly, Canola on contract highs, most world ags quiet, US ags were higher overnight but lost half those gains in soybeans and wheats and finished slightly lower in corn. World traders continue to assess Omicron.
Big troubles in macro land due to a new strain of virulent Covid. Matif 7-8 euros lower, opening calls for US ags sharply lower on a risk off event.
Mixed US ag futures overnight, new highs for Matif wheat, currencies continue to support world ags over US ags for export.
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