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Morning Wire
A quiet ag overnight, macros slightly reversing moves of last week (but only slightly), G20 meeting this week.
Light bounces in ags except US beans erase all of yesterdays losses, UN/Russian grain corridor talks ongoing with no results yet
US Oct CPI at 7.7% has macros screaming, expectations are we may have peaked inflation. Some possible changes to ag prices today as a result
corn making new short term lows overnight, Chicago wheat threatening lows, Matif wheat on new lows. Crop report at 11AM CT today
We await Wednesdays crop report. Not much going on in world ags or macros overnight. Big US export sales reported this AM.
Lower overnights tempered to only slightly lower after a AM small rally. Not much in macros either. US HRW conditions this afternoon and USDA crop report Wednesday.
light gains for ags overnight, macros quiet except good gains for crude. We wait and see what the day session brings.
US wheat is right back where it started, some weakness in beans but an inside night so far.
Russia changes mind (again), wheat crashes at 5:10AM CT.
A quiet ag overnight, macros slightly reversing moves of last week (but only slightly), G20 meeting this week.
Light bounces in ags except US beans erase all of yesterdays losses, UN/Russian grain corridor talks ongoing with no results yet
US Oct CPI at 7.7% has macros screaming, expectations are we may have peaked inflation. Some possible changes to ag prices today as a result
corn making new short term lows overnight, Chicago wheat threatening lows, Matif wheat on new lows. Crop report at 11AM CT today
We await Wednesdays crop report. Not much going on in world ags or macros overnight. Big US export sales reported this AM.
Lower overnights tempered to only slightly lower after a AM small rally. Not much in macros either. US HRW conditions this afternoon and USDA crop report Wednesday.
light gains for ags overnight, macros quiet except good gains for crude. We wait and see what the day session brings.
US wheat is right back where it started, some weakness in beans but an inside night so far.
Russia changes mind (again), wheat crashes at 5:10AM CT.
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