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Morning Wire
Row crops higher led by back months. Its raining in ND. Brazilian forecasts remain disastrously dry
Corn never broke yesterday, corn is rallying again off Brazil conditions worsening, the rest is along for the ride
Everything higher overnight on more Brazilian dryness through the next 2 weeks
What a mess. Firm overnight start in most ags gave way to softness after macros reversed. Buckle up, a bumpy month end session awaits
Everyone was expecting the ag break, everyone was disappointed again. Brazilian weather getting serious.
A needed pasting, wild volatility, we remain concerned this isn’t the long term top although there may be more short term downdraft. CK/CN exploded overnight to highs.
CK was limit up expanded 40 cents. Then it wasn’t. Plenty of “blowoff top” calls now, we shall see we remain unconvinced this is the top.
CK is limit up bid for the day session after finishing about 22 higher in the overnight. Looks like the blowoff top is still a ways away …..
Quiet softer overnight. We will see how it ends today.
Row crops higher led by back months. Its raining in ND. Brazilian forecasts remain disastrously dry
Corn never broke yesterday, corn is rallying again off Brazil conditions worsening, the rest is along for the ride
Everything higher overnight on more Brazilian dryness through the next 2 weeks
What a mess. Firm overnight start in most ags gave way to softness after macros reversed. Buckle up, a bumpy month end session awaits
Everyone was expecting the ag break, everyone was disappointed again. Brazilian weather getting serious.
A needed pasting, wild volatility, we remain concerned this isn’t the long term top although there may be more short term downdraft. CK/CN exploded overnight to highs.
CK was limit up expanded 40 cents. Then it wasn’t. Plenty of “blowoff top” calls now, we shall see we remain unconvinced this is the top.
CK is limit up bid for the day session after finishing about 22 higher in the overnight. Looks like the blowoff top is still a ways away …..
Quiet softer overnight. We will see how it ends today.
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