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Morning Wire
mixed and messy awaiting the Monday crop report and weekend weather
A bearish Conab Brazilian report compared to expectations, more world wheat tenders in size, lower row crops overnight. We suspect funds continue to liquidate row crop length ahead of Mondays crop report but US wheats may now lag in the break.
Higher spring wheat off terrible crop ratings, lower corn, mixed winter wheat, and a minor recovery in beans spells lots of unknowns for todays session.
Extremely lower calls on much better US weather and weakening world crop prices and expected fund selling.
Higher soybeans and spring wheat, unch corn and winter wheats as weather concerns dominate going into the long weekend
Lower to start off Chinese tough stance talk, then screaming higher again off reality
Quietly lower awaiting the USDA crop reports at 11AM and the quarter end on the close
Spring wheat double digit gains after poor conditions yesterday, the rest of ags steady-higher but choppy. StatsCan was a yawner, US acreage tomorrow and month end/quarter end tomorrow also.
Everything rallies led by MGE wheat on ideas all the weekend rain was already in the market from last weeks break
mixed and messy awaiting the Monday crop report and weekend weather
A bearish Conab Brazilian report compared to expectations, more world wheat tenders in size, lower row crops overnight. We suspect funds continue to liquidate row crop length ahead of Mondays crop report but US wheats may now lag in the break.
Higher spring wheat off terrible crop ratings, lower corn, mixed winter wheat, and a minor recovery in beans spells lots of unknowns for todays session.
Extremely lower calls on much better US weather and weakening world crop prices and expected fund selling.
Higher soybeans and spring wheat, unch corn and winter wheats as weather concerns dominate going into the long weekend
Lower to start off Chinese tough stance talk, then screaming higher again off reality
Quietly lower awaiting the USDA crop reports at 11AM and the quarter end on the close
Spring wheat double digit gains after poor conditions yesterday, the rest of ags steady-higher but choppy. StatsCan was a yawner, US acreage tomorrow and month end/quarter end tomorrow also.
Everything rallies led by MGE wheat on ideas all the weekend rain was already in the market from last weeks break
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