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Morning Wire
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.
Crude, Dalian corn, and KW-W intermarket were the key overnight features
Lots of macro and wheat relationship movement overnight and yesterday in US ag futures making todays day session an important day.
Slightly higher ags overnight, US weekly ag export sales report out this AM was strong but within expectations.
Ags lower overnight, macros quiet, Fed commetary expected today re interest rates.
Wheat a little higher following Monday’s meltdown….
Quiet ag night session with beans higher and wheats lower as we await the US inflation data and Fed meeting this week.
We await the US crop report today, exporters announce another 110,000 MT of US SRW sold to China this AM.
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.
Crude, Dalian corn, and KW-W intermarket were the key overnight features
Lots of macro and wheat relationship movement overnight and yesterday in US ag futures making todays day session an important day.
Slightly higher ags overnight, US weekly ag export sales report out this AM was strong but within expectations.
Ags lower overnight, macros quiet, Fed commetary expected today re interest rates.
Wheat a little higher following Monday’s meltdown….
Quiet ag night session with beans higher and wheats lower as we await the US inflation data and Fed meeting this week.
We await the US crop report today, exporters announce another 110,000 MT of US SRW sold to China this AM.
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