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Morning Wire
Morning US weekly export sales were great for beans, moderate for corn and wheat. This AM dont ignore world currencies or crude oil if you are a US ag futures trader, extremely unhelpful all around..
Turnaround Tuesday – on Wednesday – around 3AM CT in the ag futures. No apparent reason whatsoever.
Looks like a blowoff top in everything but oilseeds to us overnight. China bought more beans announced this AM.
Higher world ags amid a backdrop of macro nervousness, US Pro Farmer corn/soybean crop tour has begun.
Matif and US wheats all on new contract highs, corn up a little, soybeans rally a little. Index rolls are now over.
A quiet night awaiting the USDA crop reports and FSA data today, Matif wheat made new highs overnight.
Palmoil screams into new contract highs, Matif wheat touches contract highs in Dec futures, US futures follow in beans and corn rallies but US wheats hold steady.
Corn reacted poorly to yesterday afternoons 11% increase in IL g/ex, the rest of ags were in chop-chop mode ahead of the report.
Morning US weekly export sales were great for beans, moderate for corn and wheat. This AM dont ignore world currencies or crude oil if you are a US ag futures trader, extremely unhelpful all around..
Turnaround Tuesday – on Wednesday – around 3AM CT in the ag futures. No apparent reason whatsoever.
Looks like a blowoff top in everything but oilseeds to us overnight. China bought more beans announced this AM.
Higher world ags amid a backdrop of macro nervousness, US Pro Farmer corn/soybean crop tour has begun.
Matif and US wheats all on new contract highs, corn up a little, soybeans rally a little. Index rolls are now over.
A quiet night awaiting the USDA crop reports and FSA data today, Matif wheat made new highs overnight.
Palmoil screams into new contract highs, Matif wheat touches contract highs in Dec futures, US futures follow in beans and corn rallies but US wheats hold steady.
Corn reacted poorly to yesterday afternoons 11% increase in IL g/ex, the rest of ags were in chop-chop mode ahead of the report.
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