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Morning Wire
Corn continues its rally on fund shortcovering off imperfect recent and forecast precip along with excellent export demand. Wheats follow but find resistance overnight at ma lines.
A quiet US ags night overnight as macro/financial traders await the Powell speech this AM
A rally overnight off possible US/EU trade deal, good export sales for US ags this AM reported on weekly wire, and some rumors of Chinese interest in US wheat.
A fairly quiet overnight with a late bounce to slightly higher in wheats but not row crops.
Lower overnights. US row crops on good ProFarmer crop tour results, wheats just being wheats trying for new lows as Sep options come to expiration.
Quietly lower in US ags overnight as we await todays US/Ukraine and then US/European talks at the White House regarding Ukraine/Russian war
US ags higher overnight. Row crops threatening to get technically bullish. Matif wheat U-Z spread rallies through even.
KC wheat new contract lows overnight while other US wheats and corn test lows. Weekly ag export sales big again.
Soybeans rally further overnight with SX closing the daily chart July 4 gap. Grains mixed and nearly unch. Traders still digesting the ballooned US corn balance sheet.
Corn continues its rally on fund shortcovering off imperfect recent and forecast precip along with excellent export demand. Wheats follow but find resistance overnight at ma lines.
A quiet US ags night overnight as macro/financial traders await the Powell speech this AM
A rally overnight off possible US/EU trade deal, good export sales for US ags this AM reported on weekly wire, and some rumors of Chinese interest in US wheat.
A fairly quiet overnight with a late bounce to slightly higher in wheats but not row crops.
Lower overnights. US row crops on good ProFarmer crop tour results, wheats just being wheats trying for new lows as Sep options come to expiration.
Quietly lower in US ags overnight as we await todays US/Ukraine and then US/European talks at the White House regarding Ukraine/Russian war
US ags higher overnight. Row crops threatening to get technically bullish. Matif wheat U-Z spread rallies through even.
KC wheat new contract lows overnight while other US wheats and corn test lows. Weekly ag export sales big again.
Soybeans rally further overnight with SX closing the daily chart July 4 gap. Grains mixed and nearly unch. Traders still digesting the ballooned US corn balance sheet.
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