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Morning Wire
Macros have US interest rates on the move, ags have US HRS wheat on the move overnight.
US futures markets chop overnight, waiting on morning farmer sales or lack thereof in row crops to either stop or extend the rally of yesterday.
Good US weekly export sales reported but not over expectations, ag futures revert to softer overnight and macros are quiet also.
Higher overnight, but not technically high enough to cause fund short covering yet.
Choppy overnights with the feature being Chicago wheat losing ground to other wheats despite the recent SRW sales to China.
A quiet night in most world ag futures and macros.
US soybean and Chicago wheat futures strong overnight but US corn and hard wheat futures have more upside required before technical buy signals kick in
USDA crop report day
A late fade in US ag futures this AM puts KC wheat on final support that will be tested during todays early day session
Macros have US interest rates on the move, ags have US HRS wheat on the move overnight.
US futures markets chop overnight, waiting on morning farmer sales or lack thereof in row crops to either stop or extend the rally of yesterday.
Good US weekly export sales reported but not over expectations, ag futures revert to softer overnight and macros are quiet also.
Higher overnight, but not technically high enough to cause fund short covering yet.
Choppy overnights with the feature being Chicago wheat losing ground to other wheats despite the recent SRW sales to China.
A quiet night in most world ag futures and macros.
US soybean and Chicago wheat futures strong overnight but US corn and hard wheat futures have more upside required before technical buy signals kick in
USDA crop report day
A late fade in US ag futures this AM puts KC wheat on final support that will be tested during todays early day session
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