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Morning Wire
Quiet ag overnights with beans slightly higher, macros featured a softening USDX
A quiet slightly higher night session in ags, we await the Fed comments today. Expectations are for no rate changes.
More new KC wheat contract lows, corn turns from higher to lower in the AM overnight session, beans fade from double digit overnight gains to finish a penny higher overnight.
Higher in US soybeans overnight on continued good crush margins, quiet in the other ags.
Slightly firmer US ag futures by the end of the overnight session, not much technically. US GDP 4.9% vs avg guess of 4.3
Slightly lower overnights on little news and a rallying USDX
Soft world ag markets overnight led by KC wheat and corn, beans sideways. MGE wheat showing continued relative firmness as funds start to try to pare short positions?
Macros have US interest rates on the move, ags have US HRS wheat on the move overnight.
US futures markets chop overnight, waiting on morning farmer sales or lack thereof in row crops to either stop or extend the rally of yesterday.
Quiet ag overnights with beans slightly higher, macros featured a softening USDX
A quiet slightly higher night session in ags, we await the Fed comments today. Expectations are for no rate changes.
More new KC wheat contract lows, corn turns from higher to lower in the AM overnight session, beans fade from double digit overnight gains to finish a penny higher overnight.
Higher in US soybeans overnight on continued good crush margins, quiet in the other ags.
Slightly firmer US ag futures by the end of the overnight session, not much technically. US GDP 4.9% vs avg guess of 4.3
Slightly lower overnights on little news and a rallying USDX
Soft world ag markets overnight led by KC wheat and corn, beans sideways. MGE wheat showing continued relative firmness as funds start to try to pare short positions?
Macros have US interest rates on the move, ags have US HRS wheat on the move overnight.
US futures markets chop overnight, waiting on morning farmer sales or lack thereof in row crops to either stop or extend the rally of yesterday.
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