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Morning Wire
Higher USD, lower crude, lower ags except for beans. Brazilian weather is threating again on the overnight update.
Beans higher again on continued central Brazilian dryness concerns. Corn steady, wheats somehow lower yet again overnight.
Jan beans test resistance area, macros on the move, but nothing really breaking out quite yet.
Quiet ag overnights with beans slightly higher, macros featured a softening USDX
A quiet slightly higher night session in ags, we await the Fed comments today. Expectations are for no rate changes.
More new KC wheat contract lows, corn turns from higher to lower in the AM overnight session, beans fade from double digit overnight gains to finish a penny higher overnight.
Higher in US soybeans overnight on continued good crush margins, quiet in the other ags.
Slightly firmer US ag futures by the end of the overnight session, not much technically. US GDP 4.9% vs avg guess of 4.3
Slightly lower overnights on little news and a rallying USDX
Higher USD, lower crude, lower ags except for beans. Brazilian weather is threating again on the overnight update.
Beans higher again on continued central Brazilian dryness concerns. Corn steady, wheats somehow lower yet again overnight.
Jan beans test resistance area, macros on the move, but nothing really breaking out quite yet.
Quiet ag overnights with beans slightly higher, macros featured a softening USDX
A quiet slightly higher night session in ags, we await the Fed comments today. Expectations are for no rate changes.
More new KC wheat contract lows, corn turns from higher to lower in the AM overnight session, beans fade from double digit overnight gains to finish a penny higher overnight.
Higher in US soybeans overnight on continued good crush margins, quiet in the other ags.
Slightly firmer US ag futures by the end of the overnight session, not much technically. US GDP 4.9% vs avg guess of 4.3
Slightly lower overnights on little news and a rallying USDX
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