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Morning Wire
US wheats threatening to break out to the upside off good recent export demand and the Russian export tax increase. Corn testing its 100 day ma again with 440 the upside target above that.
US ags chopping around overnight looking for focus. Corn 4 lower, beans were 5 lower but finished unch, US wheats finish with SRW slightly higher, KC unch and spring slightly lower.
Crop report today will likely set the tone for fund participation direction through the US row crop harvest window now until mid-Oct.
US weekly export sales low this week, Conab again raises Brazilian corn and soybean production, US crop reports tomorrow during the session.
An extremely quiet overnight session with little technical movement of importance as the trade bides time until the Friday US crop reports.
A quiet chop overnight as we bide time and await the Friday crop reports that likely will begin taking small yield off the US row crops compared to the last report.
A choppy sideways US ag futures overnight session amid global political upheaval taking front stage in France and Japan.
Corn firmer again and corn exports awesome, looking like its trying to head up towards the 100 day ma and an old gap from 430-433. Beans and wheats nearly unch overnight.
New daily chart contract lows for US winter wheat and Matif wheat overnight, beans continuing lower, but corn continues to hold. Unexpected rain in the US east overnight.
US wheats threatening to break out to the upside off good recent export demand and the Russian export tax increase. Corn testing its 100 day ma again with 440 the upside target above that.
US ags chopping around overnight looking for focus. Corn 4 lower, beans were 5 lower but finished unch, US wheats finish with SRW slightly higher, KC unch and spring slightly lower.
Crop report today will likely set the tone for fund participation direction through the US row crop harvest window now until mid-Oct.
US weekly export sales low this week, Conab again raises Brazilian corn and soybean production, US crop reports tomorrow during the session.
An extremely quiet overnight session with little technical movement of importance as the trade bides time until the Friday US crop reports.
A quiet chop overnight as we bide time and await the Friday crop reports that likely will begin taking small yield off the US row crops compared to the last report.
A choppy sideways US ag futures overnight session amid global political upheaval taking front stage in France and Japan.
Corn firmer again and corn exports awesome, looking like its trying to head up towards the 100 day ma and an old gap from 430-433. Beans and wheats nearly unch overnight.
New daily chart contract lows for US winter wheat and Matif wheat overnight, beans continuing lower, but corn continues to hold. Unexpected rain in the US east overnight.
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