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Morning Wire
An overnight US soybean futures bounce on big drops in US row crop g/ex ratings and little rain forecast the next 10 days
Ags quiet overnight but macros are heating up, some that help US ags and others that dont.
Higher ags overnight, crude moves to new daily chart contract highs, US job growth in August while wage gains slow.
US row crops stable overnight while US wheats break again after moderate to heavy wheat and oat deliveries and no soybean complex or corn deliveries.
First intention day for Sep US ag futures deliveries is on the close today. Overnights slightly higher, macros now on the move this AM
A relatively small StatsCan wheat number this AM at 29.5, but the rest of Canadian ags were close to avg estimates.
A decent overnight soybean rally on poor US weather forecasts and this afternoons US crop conditions expected to show soybean g/ex deterioration
Higher overnights and US/Arg weather gives bulls hope, but potentially its just gyrations from Sep options expiration?
A quiet night in US ag futures except for strong Sep soymeal as first notice day approaches.
An overnight US soybean futures bounce on big drops in US row crop g/ex ratings and little rain forecast the next 10 days
Ags quiet overnight but macros are heating up, some that help US ags and others that dont.
Higher ags overnight, crude moves to new daily chart contract highs, US job growth in August while wage gains slow.
US row crops stable overnight while US wheats break again after moderate to heavy wheat and oat deliveries and no soybean complex or corn deliveries.
First intention day for Sep US ag futures deliveries is on the close today. Overnights slightly higher, macros now on the move this AM
A relatively small StatsCan wheat number this AM at 29.5, but the rest of Canadian ags were close to avg estimates.
A decent overnight soybean rally on poor US weather forecasts and this afternoons US crop conditions expected to show soybean g/ex deterioration
Higher overnights and US/Arg weather gives bulls hope, but potentially its just gyrations from Sep options expiration?
A quiet night in US ag futures except for strong Sep soymeal as first notice day approaches.
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