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Morning Wire
Higher overnight, but not technically high enough to cause fund short covering yet.
Choppy overnights with the feature being Chicago wheat losing ground to other wheats despite the recent SRW sales to China.
A quiet night in most world ag futures and macros.
US soybean and Chicago wheat futures strong overnight but US corn and hard wheat futures have more upside required before technical buy signals kick in
USDA crop report day
A late fade in US ag futures this AM puts KC wheat on final support that will be tested during todays early day session
US row crops soften further as harvest progresses, winter wheats lower again and looking weak technically.
Risk off due to the Israeli/Hamas conflict. US crop reports again on Thursday upcoming.
US Jobs report this AM creates new concern about more rate hikes, US ag futures react negatively late overnight.
Higher overnight, but not technically high enough to cause fund short covering yet.
Choppy overnights with the feature being Chicago wheat losing ground to other wheats despite the recent SRW sales to China.
A quiet night in most world ag futures and macros.
US soybean and Chicago wheat futures strong overnight but US corn and hard wheat futures have more upside required before technical buy signals kick in
USDA crop report day
A late fade in US ag futures this AM puts KC wheat on final support that will be tested during todays early day session
US row crops soften further as harvest progresses, winter wheats lower again and looking weak technically.
Risk off due to the Israeli/Hamas conflict. US crop reports again on Thursday upcoming.
US Jobs report this AM creates new concern about more rate hikes, US ag futures react negatively late overnight.
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