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Morning Wire
US ags slightly lower overnight awaiting the monthly crop reports today. Bitcoin makes new all time highs, silver screams to new highs since 2011.
US and Matif wheat bounce overnight, US weather still benign other than N plains, US weekly ag export sales finally good all around for a change.
Good central US row crop weather forecast, CZ makes new contract lows overnight, big Trump tariffs coming in copper and seminconductors apparently.
Lower again in US ags off 74% g/ex US corn rating and benign US weather forecasts. New US tariffs so far have not roiled macro markets overnight.
Last weeks US/China trade deal rumors prove so far to be false, Brazilian safrina and Black Sea wheat harvests gain steam, US weather nonthreatening. So back down we go.
Morning Commentary 7.3.25
Morning Commentary 7.2.25
New US corn lows since 2016 for CZ on 73% g/ex ratings for US corn yesterday afternoon. USDX lower again. Only tariff war news is bad news as US-Japan is fighting over rice
Mixed and choppy overnight session, first intentions day for July futures on the close today. StatsCan was out this AM.
US ags slightly lower overnight awaiting the monthly crop reports today. Bitcoin makes new all time highs, silver screams to new highs since 2011.
US and Matif wheat bounce overnight, US weather still benign other than N plains, US weekly ag export sales finally good all around for a change.
Good central US row crop weather forecast, CZ makes new contract lows overnight, big Trump tariffs coming in copper and seminconductors apparently.
Lower again in US ags off 74% g/ex US corn rating and benign US weather forecasts. New US tariffs so far have not roiled macro markets overnight.
Last weeks US/China trade deal rumors prove so far to be false, Brazilian safrina and Black Sea wheat harvests gain steam, US weather nonthreatening. So back down we go.
Morning Commentary 7.3.25
Morning Commentary 7.2.25
New US corn lows since 2016 for CZ on 73% g/ex ratings for US corn yesterday afternoon. USDX lower again. Only tariff war news is bad news as US-Japan is fighting over rice
Mixed and choppy overnight session, first intentions day for July futures on the close today. StatsCan was out this AM.
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