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Morning Wire
Risk off due to the Israeli/Hamas conflict. US crop reports again on Thursday upcoming.
US Jobs report this AM creates new concern about more rate hikes, US ag futures react negatively late overnight.
Row crops a little lower, wheats a little higher overnight. Poor US weekly wheat sales reported for all but HRS while corn sales were good and beans a yawner.
Overnights softer in wheats and sideways in row crops as Black Sea shipping from Ukraine seems to be picking up steam
200,000 MT of US SRW purchased by China announced this AM …
Minor bounce for oversold wheat overnight, corn a minor bounce that failed at its first moving average line, and soybeans continue lower into the abyss on its SX daily chart.
US crop report day. Watch for Sep 1 stocks of corn and soybeans along with US spring wheat production as potential report outliers from avg guesses.
Lower again for US hard wheats, beans lower, corn reverses some of yesterdays gains. US crop reports finally are tomorrow. Beware US Sep 1 corn and soybean stocks.
Yet another light volume low range night as we await Fridays crop reports
Risk off due to the Israeli/Hamas conflict. US crop reports again on Thursday upcoming.
US Jobs report this AM creates new concern about more rate hikes, US ag futures react negatively late overnight.
Row crops a little lower, wheats a little higher overnight. Poor US weekly wheat sales reported for all but HRS while corn sales were good and beans a yawner.
Overnights softer in wheats and sideways in row crops as Black Sea shipping from Ukraine seems to be picking up steam
200,000 MT of US SRW purchased by China announced this AM …
Minor bounce for oversold wheat overnight, corn a minor bounce that failed at its first moving average line, and soybeans continue lower into the abyss on its SX daily chart.
US crop report day. Watch for Sep 1 stocks of corn and soybeans along with US spring wheat production as potential report outliers from avg guesses.
Lower again for US hard wheats, beans lower, corn reverses some of yesterdays gains. US crop reports finally are tomorrow. Beware US Sep 1 corn and soybean stocks.
Yet another light volume low range night as we await Fridays crop reports
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