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Morning Wire
A minor bounce in US ags after yesterdays drubbing, world ags break to follow yesterdays US break, macros benign
Another overnight global ag pasting, simply no bottom in new crop futures apparently.
A slight recovery in wheat overnight, still weak US row crop futures, a cool 6-10 but a dry 8-14. And everyone asking is this bottom or is bottom dollars away.
Row Crops Gap Lower Open Last Night on Cooler Temps Beginning Saturday; Chicago Wheat Trades Down Through the 100-Day MA for First Time Since the Russian Invasion
More rally for US corn futures overnight, more hot and dry forecasts too.
Europe raises rates, AM US weather runs are hot and dry in the southern half of row crop belt
US ag markets consolidating on a breather week, correcting in time awaiting more weather forecasts that take us to the July 4 weekend to see whether it will remain hot and dry or not.
Another quiet night in ags, we continue to argue this week is a sideways chop waiting to see if next weeks 10 day US weather forecasts will remain hot and dry or not.
Beans lower, other ags choppy and slightly higher, US stock markets cratering further and US interest rates rallying. We await this afternoons US crop progress/conditions reports.
A minor bounce in US ags after yesterdays drubbing, world ags break to follow yesterdays US break, macros benign
Another overnight global ag pasting, simply no bottom in new crop futures apparently.
A slight recovery in wheat overnight, still weak US row crop futures, a cool 6-10 but a dry 8-14. And everyone asking is this bottom or is bottom dollars away.
Row Crops Gap Lower Open Last Night on Cooler Temps Beginning Saturday; Chicago Wheat Trades Down Through the 100-Day MA for First Time Since the Russian Invasion
More rally for US corn futures overnight, more hot and dry forecasts too.
Europe raises rates, AM US weather runs are hot and dry in the southern half of row crop belt
US ag markets consolidating on a breather week, correcting in time awaiting more weather forecasts that take us to the July 4 weekend to see whether it will remain hot and dry or not.
Another quiet night in ags, we continue to argue this week is a sideways chop waiting to see if next weeks 10 day US weather forecasts will remain hot and dry or not.
Beans lower, other ags choppy and slightly higher, US stock markets cratering further and US interest rates rallying. We await this afternoons US crop progress/conditions reports.
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