How can Frontier Futures be a partner in your operation’s success?
Morning Wire
Lower overnights, bearish CONAB Brazilian crop update, but then an announced 120,000 MT US SRW sale to Mexico this AM.
Quietly lower ags overnight. Blowing off the reported new Russian 250 wheat floor in favor of bearishness off more favorable world ag rainfall expectations?
A quiet night awaiting todays USDA crop reports, no news yet from the overnight Russian ag ministry/exporter meeting
US hard wheats and Matif wheat overnight testing upside horizontal line resistance again, Chicago still slightly below, on news Russia will be having a wheat meeting tomorrow night.
Russian FOB offers rose recently, Matif and US wheat continued their climb overnight and are already near resistance areas, US row crops slightly higher only and still in daily chart downtrends.
Lower overnight US ags most meaningful technically in soybeans and corn with wheats still choppy.
A choppy mess of an overnight for ags. Rains forecast for Brazil late this week and next week confirmed this AM which should allow Brazilian bean plantings to accelerate from their currently behind avg pace.
The overbought, lower price trend which started yesterday continues in world ags except Malaysian palmoil and US beans and Canola.
Lower overnights but not technically significant. Slightly bearish rain forecasts for S America compared to past weeks, but little rain forecast still for Black Sea wheat areas.
Lower overnights, bearish CONAB Brazilian crop update, but then an announced 120,000 MT US SRW sale to Mexico this AM.
Quietly lower ags overnight. Blowing off the reported new Russian 250 wheat floor in favor of bearishness off more favorable world ag rainfall expectations?
A quiet night awaiting todays USDA crop reports, no news yet from the overnight Russian ag ministry/exporter meeting
US hard wheats and Matif wheat overnight testing upside horizontal line resistance again, Chicago still slightly below, on news Russia will be having a wheat meeting tomorrow night.
Russian FOB offers rose recently, Matif and US wheat continued their climb overnight and are already near resistance areas, US row crops slightly higher only and still in daily chart downtrends.
Lower overnight US ags most meaningful technically in soybeans and corn with wheats still choppy.
A choppy mess of an overnight for ags. Rains forecast for Brazil late this week and next week confirmed this AM which should allow Brazilian bean plantings to accelerate from their currently behind avg pace.
The overbought, lower price trend which started yesterday continues in world ags except Malaysian palmoil and US beans and Canola.
Lower overnights but not technically significant. Slightly bearish rain forecasts for S America compared to past weeks, but little rain forecast still for Black Sea wheat areas.
More Posts
Already a client? Login for full access to Frontier Futures Market Insight