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Morning Wire
Quiet mixed overnight with MGE spring wheat pacing all gains on continued very hot and very dry forecasts
Technical washout/bloodbath, poor US export sales this AM except for wheat, 12 trading days until Index roll out of Sep ags begins
Rallying row crops and winter wheats, stabilized macros, oats exploded into new highs for all but 2014, and spring wheat lagging on little news and continued hot and dry N plains/Canadian prairies forecasts
A rebound as macros stabilize, US crop ratings were worse in N plains states, Brazil has another night of Safrihna frost, and Kazakh rumored to be export taxing milling wheat and limiting feedgrain exports
A much higher start softened by macros and US covid re-shutdown fears.
screaming higher in everything but corn on hot and dry weather continuing in W US and Canada, China bought 134,000 MT of US SRW.
The beginning of the next run higher for N plains and Canadian crops? MGE runs into new highs on the monthly chart overnight
When oats are the feature overnight, nothing happened. But its a long day.
A wild night with Canola nearly expanded limit up early, wheats and row crops all over the place. Todays session we expect to be higher. Canadian prairie crop forecasts very hot and very dry next 8-14 days.
Quiet mixed overnight with MGE spring wheat pacing all gains on continued very hot and very dry forecasts
Technical washout/bloodbath, poor US export sales this AM except for wheat, 12 trading days until Index roll out of Sep ags begins
Rallying row crops and winter wheats, stabilized macros, oats exploded into new highs for all but 2014, and spring wheat lagging on little news and continued hot and dry N plains/Canadian prairies forecasts
A rebound as macros stabilize, US crop ratings were worse in N plains states, Brazil has another night of Safrihna frost, and Kazakh rumored to be export taxing milling wheat and limiting feedgrain exports
A much higher start softened by macros and US covid re-shutdown fears.
screaming higher in everything but corn on hot and dry weather continuing in W US and Canada, China bought 134,000 MT of US SRW.
The beginning of the next run higher for N plains and Canadian crops? MGE runs into new highs on the monthly chart overnight
When oats are the feature overnight, nothing happened. But its a long day.
A wild night with Canola nearly expanded limit up early, wheats and row crops all over the place. Todays session we expect to be higher. Canadian prairie crop forecasts very hot and very dry next 8-14 days.
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