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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.
Technically ugly weakness in US wheats and corn overnight. March options now expired, March futures first intentions day on the close Thursday. May is top step.
US and world ag futures quiet overnight other than Dalian meal rallying and US winter wheats taking back yesterdays losses. Weekly US ag export sales report showed continued good demand for US wheat and corn but little demand for US beans.
US ags slightly higher on a slightly lower USD, some nonsense talk by Trump regarding China willing to talk tariffs, and the corn 500 pin that expires tomorrow having a bearing also.
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.
Technically ugly weakness in US wheats and corn overnight. March options now expired, March futures first intentions day on the close Thursday. May is top step.
US and world ag futures quiet overnight other than Dalian meal rallying and US winter wheats taking back yesterdays losses. Weekly US ag export sales report showed continued good demand for US wheat and corn but little demand for US beans.
US ags slightly higher on a slightly lower USD, some nonsense talk by Trump regarding China willing to talk tariffs, and the corn 500 pin that expires tomorrow having a bearing also.
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