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Morning Wire
Corn lower again after yesterdays huge Brazilian safrinha crop estimate, wheats a follower but also lower in winter wheats as harvest progresses
Lower overnight in US ags. New crop corn on new daily chart contract lows. US winter wheats within a few cents of lowest ma lines after testing highest just a couple days ago.
Good US weather beats war footing and US ag futures slip overnight. CZ nearly testing contract lows. Another week of excellent HRW harvest weather other than a narrow band of C KS to follow along with great US row crop weather also.
mixed choppy trade overnight. Israel/Iran conflict continues. US eastern half to expect extreme heat now. Whether its accompanied by rains or not will be important heading into quarter end and the July 4 closure.
A quiet flat price US row crop overnight session but with continued old crop-new crop cal spread weakness, wheats showing signs of more fund short risk-off price action
Slightly higher in ags overnight, CN/CZ loses ground again but wheat cal spreads unch and quiet. First intentions day for July futures a week from Friday.
Crude lower despite the Israel/Iran war. US ags lower on excellent forecasts. July options expire this Friday.
Israel attacks Iran. Crude screamed but already all macros are tempering overnight moves. Ags higher but off overnight highs other than corn which was slightly lower somehow.
US ag overnights end higher. Oddly spring wheat led. US weekly ag export sales report were OK for corn and wheat and shoddy again for soybeans. USDX on contract lows.
Corn lower again after yesterdays huge Brazilian safrinha crop estimate, wheats a follower but also lower in winter wheats as harvest progresses
Lower overnight in US ags. New crop corn on new daily chart contract lows. US winter wheats within a few cents of lowest ma lines after testing highest just a couple days ago.
Good US weather beats war footing and US ag futures slip overnight. CZ nearly testing contract lows. Another week of excellent HRW harvest weather other than a narrow band of C KS to follow along with great US row crop weather also.
mixed choppy trade overnight. Israel/Iran conflict continues. US eastern half to expect extreme heat now. Whether its accompanied by rains or not will be important heading into quarter end and the July 4 closure.
A quiet flat price US row crop overnight session but with continued old crop-new crop cal spread weakness, wheats showing signs of more fund short risk-off price action
Slightly higher in ags overnight, CN/CZ loses ground again but wheat cal spreads unch and quiet. First intentions day for July futures a week from Friday.
Crude lower despite the Israel/Iran war. US ags lower on excellent forecasts. July options expire this Friday.
Israel attacks Iran. Crude screamed but already all macros are tempering overnight moves. Ags higher but off overnight highs other than corn which was slightly lower somehow.
US ag overnights end higher. Oddly spring wheat led. US weekly ag export sales report were OK for corn and wheat and shoddy again for soybeans. USDX on contract lows.
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