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Morning Wire
An AM rally erases most overnight losses in US ag futures at technical support levels for no apparent reason.
A lower overnight fractured by a world wheat mini rally and break on some 430AM stories that India will begin importing wheat in July
Matif wheat rallies Mon, overnight US wheat opens into new highs but drops to nearly unch by the overnight close.
A chopshop overnight session will likely continue today. All await the weekend and the Monday night weather forecasts.
Slightly higher US ags as of 7am CT
New highs for US and Matif wheat overnight
Mixed signals overnight, IKAR cuts their Russian wheat crop expectation again to 83.5 MMT
Higher overnights on mainly Russian wheat weather fears. US wheats post inside nights but Matif wheat is now higher than Fridays highs.
US wheats overnight held moving average line tests yesterday and overnight amid concerns that Russian wheat area forecasts getting drier and hotter again.
An AM rally erases most overnight losses in US ag futures at technical support levels for no apparent reason.
A lower overnight fractured by a world wheat mini rally and break on some 430AM stories that India will begin importing wheat in July
Matif wheat rallies Mon, overnight US wheat opens into new highs but drops to nearly unch by the overnight close.
A chopshop overnight session will likely continue today. All await the weekend and the Monday night weather forecasts.
Slightly higher US ags as of 7am CT
New highs for US and Matif wheat overnight
Mixed signals overnight, IKAR cuts their Russian wheat crop expectation again to 83.5 MMT
Higher overnights on mainly Russian wheat weather fears. US wheats post inside nights but Matif wheat is now higher than Fridays highs.
US wheats overnight held moving average line tests yesterday and overnight amid concerns that Russian wheat area forecasts getting drier and hotter again.
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