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Morning Wire
Higher world ags overnight on bullish Russia/Ukraine news and weather, but gains were limited which makes us nervous not excited
Russia/Ukraine pact will be signed at 830AM CT, US weather forecasts get cooler and wetter, ag markets break overnight unsurprisingly as a result
A lower night in US row crops on continued better weather forecasts, CZ nearing major support area
More rain in the forecast pressures row crops, wheat up 20……
Overnights reversed marginally. As of press time of this wire, the Egyptian tender offers were very unclear and muddled still.
A healthy but insubstantial US ag bounce overnight, USDX lower but should be monitored, GASC is in on an oddball non-EU or Russian wheat tender.
Ags Chop Around Overnight as the Trade Weighs Threatening US Weather vs Global Recession Worries
Quiet overnight ag markets, continued softness in macros, US weekly export sales were huge for wheat (China) and awful for soybeans.
9.1 on the US CPI renders most of the overnight price action meaningless. Knee jerk on that number is USDX should scream and bye-bye US grain prices.
Higher world ags overnight on bullish Russia/Ukraine news and weather, but gains were limited which makes us nervous not excited
Russia/Ukraine pact will be signed at 830AM CT, US weather forecasts get cooler and wetter, ag markets break overnight unsurprisingly as a result
A lower night in US row crops on continued better weather forecasts, CZ nearing major support area
More rain in the forecast pressures row crops, wheat up 20……
Overnights reversed marginally. As of press time of this wire, the Egyptian tender offers were very unclear and muddled still.
A healthy but insubstantial US ag bounce overnight, USDX lower but should be monitored, GASC is in on an oddball non-EU or Russian wheat tender.
Ags Chop Around Overnight as the Trade Weighs Threatening US Weather vs Global Recession Worries
Quiet overnight ag markets, continued softness in macros, US weekly export sales were huge for wheat (China) and awful for soybeans.
9.1 on the US CPI renders most of the overnight price action meaningless. Knee jerk on that number is USDX should scream and bye-bye US grain prices.
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