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Morning Wire
A pretty good pasting overnight, then yet another 1.36 MMT of US corn sold to China announced this AM.
Row crop strength all night off hot world oilseed markets and US cash strength in corn and beans.
Wet N Plains/Canadian prairies forecasts caused a break in MGE while other ags firmed or were down only slightly
ANOTHER 1.36 MMT of US corn to China sold. Futures recovering from huge losses yesterday.
Another 680,000 MT of US corn to China this AM, probably wont matter as US ag futures are now in full retreat mode post-crop report.
Report day. Overnight had July beans new highs, Dalian corn new highs, Malaysian palmoil new highs.
More 21/22 corn sold to China, ag markets firmed overnight on changes in rain expectations for the US to further south.
Lower on profittaking ahead of crop reports this week as weekend rains materialized for US row crop areas and light rain is predicted for S Brazil Wednesday.
Higher overnights, continued Brazil drought, and now 1.4 MMT flash sale of US corn to China.
A pretty good pasting overnight, then yet another 1.36 MMT of US corn sold to China announced this AM.
Row crop strength all night off hot world oilseed markets and US cash strength in corn and beans.
Wet N Plains/Canadian prairies forecasts caused a break in MGE while other ags firmed or were down only slightly
ANOTHER 1.36 MMT of US corn to China sold. Futures recovering from huge losses yesterday.
Another 680,000 MT of US corn to China this AM, probably wont matter as US ag futures are now in full retreat mode post-crop report.
Report day. Overnight had July beans new highs, Dalian corn new highs, Malaysian palmoil new highs.
More 21/22 corn sold to China, ag markets firmed overnight on changes in rain expectations for the US to further south.
Lower on profittaking ahead of crop reports this week as weekend rains materialized for US row crop areas and light rain is predicted for S Brazil Wednesday.
Higher overnights, continued Brazil drought, and now 1.4 MMT flash sale of US corn to China.
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