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Morning Wire
A quiet, lower in row crops and mixed to higher in wheats overnight session. Awaiting tomorrows start of index rolls out of May futures.
Rainfall mainly disappears from US S Plains forecast, wheat led rally ensued overnight.
Mixed to lower US ags overnight, but macros on the move with Crude on highs, Gold on highs, and US bonds on recent lows.
Its suddenly April N Hemisphere weather market season, US ags all lower on better expected US rains the next 7 days other than beans marginally higher.
US crop reports at 11AM CT today, followed by month end/quarter end on the close.
US wheats and corn turn lower on good past 48 hour US precip totals. Malaysian palmoil also breaking from highs overnight.
Still banging ag futures around awaiting the US Thursday plantings and crop report.
Chicago wheat featured overnight leading all ags higher on a technical upside breakout by itself for no apparent reason.
A quiet night of little price change in US grains and a dime of noise break in beans overnight, still awaiting the crop report next Thursday.
A quiet, lower in row crops and mixed to higher in wheats overnight session. Awaiting tomorrows start of index rolls out of May futures.
Rainfall mainly disappears from US S Plains forecast, wheat led rally ensued overnight.
Mixed to lower US ags overnight, but macros on the move with Crude on highs, Gold on highs, and US bonds on recent lows.
Its suddenly April N Hemisphere weather market season, US ags all lower on better expected US rains the next 7 days other than beans marginally higher.
US crop reports at 11AM CT today, followed by month end/quarter end on the close.
US wheats and corn turn lower on good past 48 hour US precip totals. Malaysian palmoil also breaking from highs overnight.
Still banging ag futures around awaiting the US Thursday plantings and crop report.
Chicago wheat featured overnight leading all ags higher on a technical upside breakout by itself for no apparent reason.
A quiet night of little price change in US grains and a dime of noise break in beans overnight, still awaiting the crop report next Thursday.
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