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Morning Wire
Mixed opening calls. Bearish Brazilian forecasts call for weaker soy prices, but continued Black Sea conflict and already low prices make grains rangebound.
Year end is on the close today, 382 Jan beans delivered on first intentions day yesterday afternoon.
USDX moves overnight to new 20 month lows, ags quiet on light trade. Today on the close is Jan beans first intentions day. Tomorrow is year end.
3-6″ of total precip forecast for central and northern Brazil Dec 30 – Jan 10, ag futures give back some of yesterdays gains overnight.
A 4 day week and then another 3 day closure for New Years.
A slightly higher overnight session. US Dollar worth watching vs Euro and Canadian/Australian Dollars.
Slightly better Brazilian rain forecasts, Weekly US ag export sales on low end of ranges of expectations, row crops hanging by a thread to downside breakout potential.
A quiet overnight, both front CH4 and new crop CZ4 hanging to major support.
US bean futures lower on better central Brazil rain forecasts, but technically it was not an important move yet.
Mixed opening calls. Bearish Brazilian forecasts call for weaker soy prices, but continued Black Sea conflict and already low prices make grains rangebound.
Year end is on the close today, 382 Jan beans delivered on first intentions day yesterday afternoon.
USDX moves overnight to new 20 month lows, ags quiet on light trade. Today on the close is Jan beans first intentions day. Tomorrow is year end.
3-6″ of total precip forecast for central and northern Brazil Dec 30 – Jan 10, ag futures give back some of yesterdays gains overnight.
A 4 day week and then another 3 day closure for New Years.
A slightly higher overnight session. US Dollar worth watching vs Euro and Canadian/Australian Dollars.
Slightly better Brazilian rain forecasts, Weekly US ag export sales on low end of ranges of expectations, row crops hanging by a thread to downside breakout potential.
A quiet overnight, both front CH4 and new crop CZ4 hanging to major support.
US bean futures lower on better central Brazil rain forecasts, but technically it was not an important move yet.
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