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China-Canada canola tariffs, Trump arguing for more tariffs, Trudeau steps down, beans quiet but US grain futures rally overnight while macros are fairly quiet so far.
US ags slightly lower and fairly quiet overnight on no new mention of massive changes in anything tariff related. The day is young. US unemploment number was out this AM and didnt move macro markets either.
US Dollar in Fall and Grains possibly correcting higher after 10 straight lower sessions.
China and Canada retaliatiate with their own tariffs, Mexico supposed to retaliate at some point today. USDX down, crude down, US stock markets down, US bonds and metals up. Ags down. Again.
US row crops lower on Chinese news reports that the Mar 4 tariffs will be responded to with tariffs on US ag imports, wheat overnight fought off an attempt to go lower along with the row crops.
A slight bounce in US ags overnight. Month end on the close today. Tariff war threats ramp up as Trump threatens more on Mar 4
US wheat futures careening lower overnight. USDA outlook forum puts US corn acres at 94.0 and bean acres at 84.0
A quiet chop overnight in US and world ag futures, little news, S American forecasts remain bearish, USDA outlook forum and March deliveries and month end before the week ends
US winter wheats break below support levels overnight signalling another 15 cents of technical downside. Trump reiterates Mexican/Canadian tariffs will begin in March.
China-Canada canola tariffs, Trump arguing for more tariffs, Trudeau steps down, beans quiet but US grain futures rally overnight while macros are fairly quiet so far.
US ags slightly lower and fairly quiet overnight on no new mention of massive changes in anything tariff related. The day is young. US unemploment number was out this AM and didnt move macro markets either.
US Dollar in Fall and Grains possibly correcting higher after 10 straight lower sessions.
China and Canada retaliatiate with their own tariffs, Mexico supposed to retaliate at some point today. USDX down, crude down, US stock markets down, US bonds and metals up. Ags down. Again.
US row crops lower on Chinese news reports that the Mar 4 tariffs will be responded to with tariffs on US ag imports, wheat overnight fought off an attempt to go lower along with the row crops.
A slight bounce in US ags overnight. Month end on the close today. Tariff war threats ramp up as Trump threatens more on Mar 4
US wheat futures careening lower overnight. USDA outlook forum puts US corn acres at 94.0 and bean acres at 84.0
A quiet chop overnight in US and world ag futures, little news, S American forecasts remain bearish, USDA outlook forum and March deliveries and month end before the week ends
US winter wheats break below support levels overnight signalling another 15 cents of technical downside. Trump reiterates Mexican/Canadian tariffs will begin in March.
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