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Morning Wire
A fairly quiet overnight. New crop prices in row crops back near lows, KWN3 back below 894. But barely.
KC wheat breaks out to the upside. Everything else was technically quiet overnight including the rest of US ags (except soymeal), world ags, and macros.
Report day today. Russians and Turks tell different tales re progress on the corridor extension.
A quiet ag and macro overnight as we await US crop reports tomorrow. Potential progress on the Black Sea export corridor talks??
Slightly lower overnights quieting down ahead of Fridays crop reports
A quiet lower night with Chicago wheat and row crops leading the way, little movement in calendar spreads. After the overnight close exporters reported the cancellation of 272,000 MT more US corn sales to China.
US hard wheats higher flat price, KW and C cal spread inverses gain, Chicago wheat and Matif wheat and soybeans much more rangebound.
Small gains overnight in US ags, possibly short term bull targets met in KWN? Crop report next Friday, an interesting COT this afternoon.
A little lower for ags overnight, US wheat weekly sales good but corn negative, weather questionable in US S plains. Should be a long day.
A fairly quiet overnight. New crop prices in row crops back near lows, KWN3 back below 894. But barely.
KC wheat breaks out to the upside. Everything else was technically quiet overnight including the rest of US ags (except soymeal), world ags, and macros.
Report day today. Russians and Turks tell different tales re progress on the corridor extension.
A quiet ag and macro overnight as we await US crop reports tomorrow. Potential progress on the Black Sea export corridor talks??
Slightly lower overnights quieting down ahead of Fridays crop reports
A quiet lower night with Chicago wheat and row crops leading the way, little movement in calendar spreads. After the overnight close exporters reported the cancellation of 272,000 MT more US corn sales to China.
US hard wheats higher flat price, KW and C cal spread inverses gain, Chicago wheat and Matif wheat and soybeans much more rangebound.
Small gains overnight in US ags, possibly short term bull targets met in KWN? Crop report next Friday, an interesting COT this afternoon.
A little lower for ags overnight, US wheat weekly sales good but corn negative, weather questionable in US S plains. Should be a long day.
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