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Morning Wire
A choppy overnight ag session with a crazy gap 10 cent lower CZ opening. USDA crop report tomorrow during the session.
For a change, quiet overnight markets. US precip forecasts split the middle of yesterdays divergent runs. USDA crop report Friday during the session, index fund rolls out of July ags goes full bore this week into next week.
Higher US wheats overnight on fears Russia/Ukraine escalation may lead to a blowout of the huge Chicago wheat fund short, lesser gains for row crops as weather forecasts are improved in the 6-10 day forecast
Mixed overnights in ags, lots of things to watch directionally. Ag markets are in direction decision windows for new crop row crops and KWN. This afternoons crop conditions and the 6-10 day rains pulling forward or not may be the deciding factor.
a mixed night settling near unch in US ag futures in all but CN down 7. US unemployment numbers out.
Higher again in ags overnight, but technically not through any major resistance points in wheats, corn, or soybeans yet.
Lower again, corn strong relatively but still a dime lower. Full fledged selling now with abandon. When will it end? Possibly 750 in KWN.
Lower overnights despite threatening north central US weather. KC wheat, new crop soybeans, and Chicago wheat vs corn all testing lows or breaking into new lows.
A technically unimportant rally night for US ags, CN/CZ spread loses ground rather than testing resistance as US precip forecasts are dry for next 10 days.
A choppy overnight ag session with a crazy gap 10 cent lower CZ opening. USDA crop report tomorrow during the session.
For a change, quiet overnight markets. US precip forecasts split the middle of yesterdays divergent runs. USDA crop report Friday during the session, index fund rolls out of July ags goes full bore this week into next week.
Higher US wheats overnight on fears Russia/Ukraine escalation may lead to a blowout of the huge Chicago wheat fund short, lesser gains for row crops as weather forecasts are improved in the 6-10 day forecast
Mixed overnights in ags, lots of things to watch directionally. Ag markets are in direction decision windows for new crop row crops and KWN. This afternoons crop conditions and the 6-10 day rains pulling forward or not may be the deciding factor.
a mixed night settling near unch in US ag futures in all but CN down 7. US unemployment numbers out.
Higher again in ags overnight, but technically not through any major resistance points in wheats, corn, or soybeans yet.
Lower again, corn strong relatively but still a dime lower. Full fledged selling now with abandon. When will it end? Possibly 750 in KWN.
Lower overnights despite threatening north central US weather. KC wheat, new crop soybeans, and Chicago wheat vs corn all testing lows or breaking into new lows.
A technically unimportant rally night for US ags, CN/CZ spread loses ground rather than testing resistance as US precip forecasts are dry for next 10 days.
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