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Morning Wire
Technical breakouts in US corn and Chicago wheat overnight. Not much news other than potential 10 day dryness for Arg.
Quiet overnight. Dalian corn ran higher, US corn continued its climb. US Chicago wheat and Matif wheat disappointingly quiet despite Chicago wheat being near an upside technical breakout.
Mixed calls as not much news. Algerian wheat tender booked with 630,000 MT of mainly Black Sea and European wheat.
Happy holidays. A quiet overnight session. Markets close early at noon today for Christmas break.
World ags and macros fairly quiet other than Matif wheat slightly higher. US wheats and corn slightly higher. US beans and bean meal finish slightly lower after first running higher.
Macros calm other than US stock markets continue to lose ground. US beans higher on word China bought 0.5 MMT of US beans, corn up against its 9 day ma, US hard wheats continue to run higher vs Chicago wheat as Chicago wheat plummets vs corn.
Macros holding on overnight after a wicked move yesterday. World ags quiet overnight, US hard wheats and corn soft but technically holding. US soybeans and Chicago wheat are now technical disasters though.
New contract lows for SF5 even as cash beans in the US is firm and SF-SH spread climbs towards even.
Dalian meal and US meal make new contract lows overnight, US soybeans hold Aug-Oct-Nov daily chart lows, Matif wheat continues its breakout rally with US wheats a follower
Technical breakouts in US corn and Chicago wheat overnight. Not much news other than potential 10 day dryness for Arg.
Quiet overnight. Dalian corn ran higher, US corn continued its climb. US Chicago wheat and Matif wheat disappointingly quiet despite Chicago wheat being near an upside technical breakout.
Mixed calls as not much news. Algerian wheat tender booked with 630,000 MT of mainly Black Sea and European wheat.
Happy holidays. A quiet overnight session. Markets close early at noon today for Christmas break.
World ags and macros fairly quiet other than Matif wheat slightly higher. US wheats and corn slightly higher. US beans and bean meal finish slightly lower after first running higher.
Macros calm other than US stock markets continue to lose ground. US beans higher on word China bought 0.5 MMT of US beans, corn up against its 9 day ma, US hard wheats continue to run higher vs Chicago wheat as Chicago wheat plummets vs corn.
Macros holding on overnight after a wicked move yesterday. World ags quiet overnight, US hard wheats and corn soft but technically holding. US soybeans and Chicago wheat are now technical disasters though.
New contract lows for SF5 even as cash beans in the US is firm and SF-SH spread climbs towards even.
Dalian meal and US meal make new contract lows overnight, US soybeans hold Aug-Oct-Nov daily chart lows, Matif wheat continues its breakout rally with US wheats a follower
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