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Morning Wire
Technically soft WN2 and canola price action overnight, otherwise nothing happened on a light volume night session globally.
More corn and soybean strength off either US weather or Ukraine corn export potential dimming, or the very strong US domestic row crop basis levels.
A quiet night with corn oddly higher despite the excellent first US crop ratings report yesterday.
Fund ag futures selloff appears concluded due to a small host of questionable items and the worsening of the Russia/Ukraine war. Expect extreme volatility in ags through the summer months.
A quiet overnight. Mondays US crop progress/conditions will include corn and spring wheat conditions.
A quiet small recovery night in world ags, coiling charts and making for questions as to whether the steep break is now concluded or just pausing.
Slightly bullish N plains data for spring wheat and corn held markets slightly higher overnight.
Continued fund profit taking in world wheats? Lower wheats, insignificant row crop price movement overnight. We warn 50 cents in wheat now means little.
A quiet night in everything ag and macro – except spring wheat which jumped another 15 cents on heavier rain forecasts in the AM run in all the wrong places.
Technically soft WN2 and canola price action overnight, otherwise nothing happened on a light volume night session globally.
More corn and soybean strength off either US weather or Ukraine corn export potential dimming, or the very strong US domestic row crop basis levels.
A quiet night with corn oddly higher despite the excellent first US crop ratings report yesterday.
Fund ag futures selloff appears concluded due to a small host of questionable items and the worsening of the Russia/Ukraine war. Expect extreme volatility in ags through the summer months.
A quiet overnight. Mondays US crop progress/conditions will include corn and spring wheat conditions.
A quiet small recovery night in world ags, coiling charts and making for questions as to whether the steep break is now concluded or just pausing.
Slightly bullish N plains data for spring wheat and corn held markets slightly higher overnight.
Continued fund profit taking in world wheats? Lower wheats, insignificant row crop price movement overnight. We warn 50 cents in wheat now means little.
A quiet night in everything ag and macro – except spring wheat which jumped another 15 cents on heavier rain forecasts in the AM run in all the wrong places.
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