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Morning Wire
A little higher overnight. China buys another 131,000 US soybeans this AM. The trade awaits the Sep roll and next weeks crop reports
300,000 MT US soybeans sold to unknown flash sale this AM after a lackluster quiet overnight session and good US corn weekly export sales this AM.
beans up a little after the pasting yesterday, CZ 350 again as it always is, wheat small rally in US led by Chicago this time and Minney still fading on spring wheat harvest progress
Humming quietly along in a narrow chop overnight until US soybean futures cratered somewhat, indepentently, in the last couple hours of overnight trading.
Wheat is rallying hard on continued world production problems, corn is steady on worse Brazil weather but better? US, and beans were a little lower on a cratering of Malaysian palmoil
Lower across the board in US ag futures overnight, no apparent reason. World markets stable. Malaysian palmoil tests contract highs, Dalian corn unch, Dalian soymeal higher.
Higher on poor US day 2 spring wheat crop tour results but also world markets firming independently. Macros very supporting with USDX breaking out to the downside. This AM private exporters reported 132,000 MT of US soybeans to unknown also.
Spring wheat rallies off poor day 1 crop tour results, the rest of ags follow somewhat unwillingly
Overnight rally began after rumors of China buys of 1.0-1.5 MMT more US corn, finished firm across the board in the overnight.
A little higher overnight. China buys another 131,000 US soybeans this AM. The trade awaits the Sep roll and next weeks crop reports
300,000 MT US soybeans sold to unknown flash sale this AM after a lackluster quiet overnight session and good US corn weekly export sales this AM.
beans up a little after the pasting yesterday, CZ 350 again as it always is, wheat small rally in US led by Chicago this time and Minney still fading on spring wheat harvest progress
Humming quietly along in a narrow chop overnight until US soybean futures cratered somewhat, indepentently, in the last couple hours of overnight trading.
Wheat is rallying hard on continued world production problems, corn is steady on worse Brazil weather but better? US, and beans were a little lower on a cratering of Malaysian palmoil
Lower across the board in US ag futures overnight, no apparent reason. World markets stable. Malaysian palmoil tests contract highs, Dalian corn unch, Dalian soymeal higher.
Higher on poor US day 2 spring wheat crop tour results but also world markets firming independently. Macros very supporting with USDX breaking out to the downside. This AM private exporters reported 132,000 MT of US soybeans to unknown also.
Spring wheat rallies off poor day 1 crop tour results, the rest of ags follow somewhat unwillingly
Overnight rally began after rumors of China buys of 1.0-1.5 MMT more US corn, finished firm across the board in the overnight.
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