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Morning Wire
All time highs in Canola, China buys 0.5-1.0 MMT of French wheat, new contract highs in Matif and US ags overnight
More new highs overnight got beat down to slightly lower beans, slightly higher corn, and 2-5 higher wheats after the European opens
Up and away some more, big call open interest in CK600 strike and SK1500 strike now at risk before Fridays expiration
Up, up and away. At least until we get a different weather forecast for Brazil
Slightly higher overnight on mixed news and mixed old and new weather and mixed opinions from everyone about everything
Another strong overnight weakened somewhat after poor US weekly export sales report this AM
CZ1 on new contract highs due to less rain in Brazilian forecast, Matif wheat running higher also
A lower day yesterday became a turnaround already overnight
Wild gyrations overnight without much really happening. Weather is now the biggest factor for awhile as traders watch Brazilian forecasts and the upcoming rain/snow/potential frosty event for the US N plains, Canadian prairies, and as far south as NE for the cold weather all tonight.
All time highs in Canola, China buys 0.5-1.0 MMT of French wheat, new contract highs in Matif and US ags overnight
More new highs overnight got beat down to slightly lower beans, slightly higher corn, and 2-5 higher wheats after the European opens
Up and away some more, big call open interest in CK600 strike and SK1500 strike now at risk before Fridays expiration
Up, up and away. At least until we get a different weather forecast for Brazil
Slightly higher overnight on mixed news and mixed old and new weather and mixed opinions from everyone about everything
Another strong overnight weakened somewhat after poor US weekly export sales report this AM
CZ1 on new contract highs due to less rain in Brazilian forecast, Matif wheat running higher also
A lower day yesterday became a turnaround already overnight
Wild gyrations overnight without much really happening. Weather is now the biggest factor for awhile as traders watch Brazilian forecasts and the upcoming rain/snow/potential frosty event for the US N plains, Canadian prairies, and as far south as NE for the cold weather all tonight.
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