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KC wheat new contract lows overnight while other US wheats and corn test lows. Weekly ag export sales big again.
Soybeans rally further overnight with SX closing the daily chart July 4 gap. Grains mixed and nearly unch. Traders still digesting the ballooned US corn balance sheet.
Lower overnight in US ags as we await the crop report numbers today. China escalates their Canadian canola issue by adding 75% tariffs.
Soy futures explode higher overnight on Truth Social Trump commentary hoping China “quadruples US soybean purchases” but tempers gains to below first technical resistance area in SX by the overnight close.
Slightly lower beans overnight, mixed in grains. US AM forecasts seem to be putting more rain into eastern corn belt compared to yesterday but still warm 10 day forecasts and little rain for the drying out mid-south states.
Huge weekly US ag export sales report with all major ags above expectations. 3.1 MMT of new crop US corn sales.
Little news, US forecasts warmish but normal precip for all but 10 of US row crops, crop report not until next week, new contract lows for US winter wheats and corn overnight.
More new contract lows for winter wheats and corn overnight on the heels of massive StoneX US row crop yield estimates yesterday afternoon.
Very little news over the weekend. Choppy and ending steady overnight for SX, slightly lower almost challenging contract lows for CZ, wheats round tripped to slightly higher in winter wheats after making fresh contract lows overnight.
KC wheat new contract lows overnight while other US wheats and corn test lows. Weekly ag export sales big again.
Soybeans rally further overnight with SX closing the daily chart July 4 gap. Grains mixed and nearly unch. Traders still digesting the ballooned US corn balance sheet.
Lower overnight in US ags as we await the crop report numbers today. China escalates their Canadian canola issue by adding 75% tariffs.
Soy futures explode higher overnight on Truth Social Trump commentary hoping China “quadruples US soybean purchases” but tempers gains to below first technical resistance area in SX by the overnight close.
Slightly lower beans overnight, mixed in grains. US AM forecasts seem to be putting more rain into eastern corn belt compared to yesterday but still warm 10 day forecasts and little rain for the drying out mid-south states.
Huge weekly US ag export sales report with all major ags above expectations. 3.1 MMT of new crop US corn sales.
Little news, US forecasts warmish but normal precip for all but 10 of US row crops, crop report not until next week, new contract lows for US winter wheats and corn overnight.
More new contract lows for winter wheats and corn overnight on the heels of massive StoneX US row crop yield estimates yesterday afternoon.
Very little news over the weekend. Choppy and ending steady overnight for SX, slightly lower almost challenging contract lows for CZ, wheats round tripped to slightly higher in winter wheats after making fresh contract lows overnight.
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