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Morning Wire
Lower overnights despite threatening north central US weather. KC wheat, new crop soybeans, and Chicago wheat vs corn all testing lows or breaking into new lows.
A technically unimportant rally night for US ags, CN/CZ spread loses ground rather than testing resistance as US precip forecasts are dry for next 10 days.
slightly lower ags overnight, we are at major support points for WN and KWN and SN and held major support areas in CZ and SX this week so far.
Lower again in wheats overnight, steadyish in row crops. But it was all noise with no technical flat price breakouts. We await Memorial Day weekend and the weather forecasts for June 1-10.
Something for everyone overnight??
Lower again in world wheats, higher but inside nights in row crops, light volume, US crop progress and US winter wheat conditions after the close today.
Inside nights all around on a minor ag recovery.
Boom goes the KC wheat.
Messy. Row crops and soyoil get pounded again overnight. Chicago wheat also. KC wheat holding slightly higher but was up 0 at one point and failed there.
Lower overnights despite threatening north central US weather. KC wheat, new crop soybeans, and Chicago wheat vs corn all testing lows or breaking into new lows.
A technically unimportant rally night for US ags, CN/CZ spread loses ground rather than testing resistance as US precip forecasts are dry for next 10 days.
slightly lower ags overnight, we are at major support points for WN and KWN and SN and held major support areas in CZ and SX this week so far.
Lower again in wheats overnight, steadyish in row crops. But it was all noise with no technical flat price breakouts. We await Memorial Day weekend and the weather forecasts for June 1-10.
Something for everyone overnight??
Lower again in world wheats, higher but inside nights in row crops, light volume, US crop progress and US winter wheat conditions after the close today.
Inside nights all around on a minor ag recovery.
Boom goes the KC wheat.
Messy. Row crops and soyoil get pounded again overnight. Chicago wheat also. KC wheat holding slightly higher but was up 0 at one point and failed there.
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