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Morning Wire
Overnight wheat was all over the place while beans were lower on forecasts for better S American rains next week by some but not all forecasters and models
Early losses pared overnight with only beans remaining lower as of the AM close. US crop report midsession today, Quarter end on the close. Black Sea dryness persists but this AM there are pontential rains forecast for S America forecast.
A quiet overnight session in ags as we await the Monday crop report. Deferred 11-15 day GFS and EU forecasts offer rain to N Brazil for the first time in a long time.
A quiet slightly lower overnight session as we await the Sep 30 US quarterly stocks and small grains summary reports.
A late AM overnight rally keeps the bean up move going, takes corn to new Sep highs, and breaks the US wheats out slightly above 9 day ma lines.
Geopolitics and Russia/Brazil dryness pushing futures higher to begin the week…
Corn lower and testing major 20 and 50 day moving average line support overnight in CZ4.
Macros still adjusting to the US rate cut, US row crop futures mixed overnight, world wheats lower with Russian FOB offer remaining low at 216.
US beans substantially higher for no apparent reason, Dalian corn comes back from holiday with a thud to new contract lows, US Fed rate decision today.
Overnight wheat was all over the place while beans were lower on forecasts for better S American rains next week by some but not all forecasters and models
Early losses pared overnight with only beans remaining lower as of the AM close. US crop report midsession today, Quarter end on the close. Black Sea dryness persists but this AM there are pontential rains forecast for S America forecast.
A quiet overnight session in ags as we await the Monday crop report. Deferred 11-15 day GFS and EU forecasts offer rain to N Brazil for the first time in a long time.
A quiet slightly lower overnight session as we await the Sep 30 US quarterly stocks and small grains summary reports.
A late AM overnight rally keeps the bean up move going, takes corn to new Sep highs, and breaks the US wheats out slightly above 9 day ma lines.
Geopolitics and Russia/Brazil dryness pushing futures higher to begin the week…
Corn lower and testing major 20 and 50 day moving average line support overnight in CZ4.
Macros still adjusting to the US rate cut, US row crop futures mixed overnight, world wheats lower with Russian FOB offer remaining low at 216.
US beans substantially higher for no apparent reason, Dalian corn comes back from holiday with a thud to new contract lows, US Fed rate decision today.
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