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Morning Wire
A slightly higher night in all but unch corn as we now await Fridays big planting intentions report
Markets sideways as we await state crop updates this afternoon and the big crop reports on Friday during the session.
Wheat higher on questionable news that maybe Russia will “curb” wheat (and sunflower) exports “for a while.”
An ag bounce overnight in all but soybeans, USDX continues to fall, wheat/corn relationship in freefall.
Fed speaks this afternoon, another round of fund selling in ags upon us??
KC wheat on new March highs, corn testing 20 day ma and old December lows, SK-SX into the ether.
All ags lower overnight, world oilseeds looking soft technically but grain break was technically insignificant. Banks stocks lose more ground overnight.
The corn run higher continues, China buys another 191,000 MT US corn, COT out yesterday a week old has some big fund shorts in wheats.
8AM news that Black Sea corridor deal done for 120 more days AND US sells another 641,000 MT corn to China turns a quiet night other than old crop/new crop bean spreads into an interesting day session.
A slightly higher night in all but unch corn as we now await Fridays big planting intentions report
Markets sideways as we await state crop updates this afternoon and the big crop reports on Friday during the session.
Wheat higher on questionable news that maybe Russia will “curb” wheat (and sunflower) exports “for a while.”
An ag bounce overnight in all but soybeans, USDX continues to fall, wheat/corn relationship in freefall.
Fed speaks this afternoon, another round of fund selling in ags upon us??
KC wheat on new March highs, corn testing 20 day ma and old December lows, SK-SX into the ether.
All ags lower overnight, world oilseeds looking soft technically but grain break was technically insignificant. Banks stocks lose more ground overnight.
The corn run higher continues, China buys another 191,000 MT US corn, COT out yesterday a week old has some big fund shorts in wheats.
8AM news that Black Sea corridor deal done for 120 more days AND US sells another 641,000 MT corn to China turns a quiet night other than old crop/new crop bean spreads into an interesting day session.
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