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Lower overnights in US and world ags. Better S American forecasts suggested but its likely just a profit taking move after big runs higher in corn and bean futures?
A messy overnight with row crops, Chicago wheat, and spring wheat slightly higher while KC wheat loses ground again vs the other wheats and finishes slightly lower overnight. Monthly US CPI 2.9 on avg guesses.
Conab puts out little changed monthly update, S American forecasts drier in N and C Brazil while wetter in S Brazil and Arg, US row crops take a slight downtick overnight but US winter wheats claw back to slightly higher by the overnight close.
Continued overnight firmness in US ags softens somewhat by the overnight close as macros are decidedly unhelpful.
Quiet US ags overnight with the crop reports today. Macros on the move with USDX and crude higher, bond and 10 yr note futures lower.
Slightly lower overnight as we await Fridays crop reports.
Stronger USD overnight, weaker yuan as Chinese govt will let it fall some and not intervene off tariff fears, weak but technically unimportant grains overnight. We await the index rebalances that begin today and the crop reports on Friday.
Beans move overnight to below all ma lines, corn gives up a little ground after a huge managed money buy of 68000 uncovered on yesterdays COT, and wheats near unch with hard wheats gaining on SRW.
Big up move reversals in US ags overnight mainly on a weaker USD.
Lower overnights in US and world ags. Better S American forecasts suggested but its likely just a profit taking move after big runs higher in corn and bean futures?
A messy overnight with row crops, Chicago wheat, and spring wheat slightly higher while KC wheat loses ground again vs the other wheats and finishes slightly lower overnight. Monthly US CPI 2.9 on avg guesses.
Conab puts out little changed monthly update, S American forecasts drier in N and C Brazil while wetter in S Brazil and Arg, US row crops take a slight downtick overnight but US winter wheats claw back to slightly higher by the overnight close.
Continued overnight firmness in US ags softens somewhat by the overnight close as macros are decidedly unhelpful.
Quiet US ags overnight with the crop reports today. Macros on the move with USDX and crude higher, bond and 10 yr note futures lower.
Slightly lower overnight as we await Fridays crop reports.
Stronger USD overnight, weaker yuan as Chinese govt will let it fall some and not intervene off tariff fears, weak but technically unimportant grains overnight. We await the index rebalances that begin today and the crop reports on Friday.
Beans move overnight to below all ma lines, corn gives up a little ground after a huge managed money buy of 68000 uncovered on yesterdays COT, and wheats near unch with hard wheats gaining on SRW.
Big up move reversals in US ags overnight mainly on a weaker USD.
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