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Morning Wire
A wicked gap higher off poor US weather forecasts, then a fade all night to half the gains on the close in row crops and even less in world winter wheats.
Another wheat-led bounce overnight, somewhat threatening 6-10 and 8-14 day forecasts for the US GFS model
CBOT Joins Global Ags in a Higher Overnight Trade; Wheat Attempting to Form a Seasonal Bottom
Turnaround “Tuesday” Led by Wheat, Ags Recover Ever so Slightly After the Recent Pounding
USD Breakout to Add Pressure on Ags
A quiet night. Some pointing to dry EU model deferred forecast, other forecasters saying warm and wet through 10 days.
Crop report day. A major mover for spring wheat and row crops historically. Also quarter end MOC
US beans continue bouncing ovenight, the rest of ags were technically unimportant moves. July deliveries this afternoon then crop report and quarter end tomorrow.
Chicago wheat runs 20+cents higher, corn a dime higher, and beans got 15+ cent gains. Egypt tendered. Major US acreage report remains Thursday.
A wicked gap higher off poor US weather forecasts, then a fade all night to half the gains on the close in row crops and even less in world winter wheats.
Another wheat-led bounce overnight, somewhat threatening 6-10 and 8-14 day forecasts for the US GFS model
CBOT Joins Global Ags in a Higher Overnight Trade; Wheat Attempting to Form a Seasonal Bottom
Turnaround “Tuesday” Led by Wheat, Ags Recover Ever so Slightly After the Recent Pounding
USD Breakout to Add Pressure on Ags
A quiet night. Some pointing to dry EU model deferred forecast, other forecasters saying warm and wet through 10 days.
Crop report day. A major mover for spring wheat and row crops historically. Also quarter end MOC
US beans continue bouncing ovenight, the rest of ags were technically unimportant moves. July deliveries this afternoon then crop report and quarter end tomorrow.
Chicago wheat runs 20+cents higher, corn a dime higher, and beans got 15+ cent gains. Egypt tendered. Major US acreage report remains Thursday.
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