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Morning Wire
Higher overnights fade in the AM in ags, while in macros USDX and crude are getting interesting.
A lower night in ags, but not technically important other than Matif wheat making new lows.
A sideways night at the markets have dug deeper now into the USDA crop report. Hints at more rain for Arg a week from now this AM.
Lots of minor news ahead of US crop report day today. CPI number was neutral.
World wheat continues to stagger at lows, world row crops continue to hold. Its either a wheat bottom or theres a dollar more downside. Place your bets, US acreage numbers are tomorrow for winter wheat.
A thorough thrashing of US and world winter wheats overnight, but row crops and macros were quiet.
All but soybeans weakened by the AM close, Arg forecast muddled, USDX screaming lower and crude up 2.25.
Drier Arg forecasts have corn a little higher, otherwise a quiet night in ags and macros.
minor bounces in grains and crude overnight, nothing to get too excited about yet.
Higher overnights fade in the AM in ags, while in macros USDX and crude are getting interesting.
A lower night in ags, but not technically important other than Matif wheat making new lows.
A sideways night at the markets have dug deeper now into the USDA crop report. Hints at more rain for Arg a week from now this AM.
Lots of minor news ahead of US crop report day today. CPI number was neutral.
World wheat continues to stagger at lows, world row crops continue to hold. Its either a wheat bottom or theres a dollar more downside. Place your bets, US acreage numbers are tomorrow for winter wheat.
A thorough thrashing of US and world winter wheats overnight, but row crops and macros were quiet.
All but soybeans weakened by the AM close, Arg forecast muddled, USDX screaming lower and crude up 2.25.
Drier Arg forecasts have corn a little higher, otherwise a quiet night in ags and macros.
minor bounces in grains and crude overnight, nothing to get too excited about yet.
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