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Morning Wire
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.
US ag markets overnight caught between bullish COT data and risk-off sentiment from a potential global banking crisis.
US CPI for Feb on expectations, Black Sea corridor deal questionably extended?, overnights slightly lower in ags, China buys 600,000 MT+ US corn.
Lower overnights in US ags, US banking and the Black Sea grain deal talks take center stage this week, US western HRW belt forecasts remain dry.
A quiet ag night but macros are heating up
A mixed bag overnight, to us US wheat is getting cheap vs potential problems.
Quiet ag overnights, US crop report today. USDX continues to rally while other world ag currencies fall.
a sleepy overnight with a late AM soft break in ag futures. We await Powell talking today and USDA crop reports tomorrow
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.
US ag markets overnight caught between bullish COT data and risk-off sentiment from a potential global banking crisis.
US CPI for Feb on expectations, Black Sea corridor deal questionably extended?, overnights slightly lower in ags, China buys 600,000 MT+ US corn.
Lower overnights in US ags, US banking and the Black Sea grain deal talks take center stage this week, US western HRW belt forecasts remain dry.
A quiet ag night but macros are heating up
A mixed bag overnight, to us US wheat is getting cheap vs potential problems.
Quiet ag overnights, US crop report today. USDX continues to rally while other world ag currencies fall.
a sleepy overnight with a late AM soft break in ag futures. We await Powell talking today and USDA crop reports tomorrow
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