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Morning Wire
Crop report today
Minor gains in US ags overnight on a pre-report day, Dalian meal scored more new contract highs overnight before backing off, crude scores new highs but then backs off.
A subdued US ag overnight market awaiting Fridays crop report, some interesting Dalian overnight price action, India struggles with high domestic wheat prices.
SX3 drops again on better weekly conditions ratings and touches 50 retrace overnight, wheats and corn only slightly lower.
US beans a lot lower overnight on excellent weekend rains, US winter wheats a little higher on Black Sea stress, Index fund rolls out of Sep begin today, US crop report Friday.
A solid ag futures price recovery overnight on news of a Ukranian drone attack on military facilities at Novorossiysk port on the Black Sea
A quiet ag overnight for a change, rumors of a huge Russia to India wheat deal.
Volatility in wheats overnight after Russian strike on Ukranian Danube port finished only slightly higher overnight, corn pushed/pulled with wheat, soybeans independently double digits lower on good US weather forecasts.
Soft overnights despite fairly bullish US crop conditions yesterday afternoon. Bearish US weather forecasts and quiet on the Russian/Ukranian front.
Crop report today
Minor gains in US ags overnight on a pre-report day, Dalian meal scored more new contract highs overnight before backing off, crude scores new highs but then backs off.
A subdued US ag overnight market awaiting Fridays crop report, some interesting Dalian overnight price action, India struggles with high domestic wheat prices.
SX3 drops again on better weekly conditions ratings and touches 50 retrace overnight, wheats and corn only slightly lower.
US beans a lot lower overnight on excellent weekend rains, US winter wheats a little higher on Black Sea stress, Index fund rolls out of Sep begin today, US crop report Friday.
A solid ag futures price recovery overnight on news of a Ukranian drone attack on military facilities at Novorossiysk port on the Black Sea
A quiet ag overnight for a change, rumors of a huge Russia to India wheat deal.
Volatility in wheats overnight after Russian strike on Ukranian Danube port finished only slightly higher overnight, corn pushed/pulled with wheat, soybeans independently double digits lower on good US weather forecasts.
Soft overnights despite fairly bullish US crop conditions yesterday afternoon. Bearish US weather forecasts and quiet on the Russian/Ukranian front.
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