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Morning Wire
A mighty bounce of 20% of yesterdays losses in US wheats overnight, corn unch, and beans slightly lower. Nothing happened but something probably will in the day session.
Chicago wheat and Matif wheat break July/Sep support, other world ags pretty quiet, some concerns regarding Chinese corn and weather surface there.
A very quiet night in news, ags, and macros.
Ags lower overnight, SX2 testing last support before 13.00 at the 13.97 200 day ma.
US and EU weather both are more bearish, Chinese production data comes out bearish, US ags break overnight but only soybeans drop through technical support
A quiet night awaiting the crop report today, raining in SE MN this AM but mainly missing IA
Moderately higher overnights, CZ back to 200 day ma resistance and SX back to 50% retrace resistance. Crop report tomorrow. US weather unstable and questionable.
US CPI below avg guess, US weather unsettled, US soymeal and Dalian corn and Dalian soymeal rallying overnight. USDA crop report is Friday.
Something for everyone. US corn to China reported this AM, US corn and spring wheat ratings slipped last week, but US weather is questionable moving forward
A mighty bounce of 20% of yesterdays losses in US wheats overnight, corn unch, and beans slightly lower. Nothing happened but something probably will in the day session.
Chicago wheat and Matif wheat break July/Sep support, other world ags pretty quiet, some concerns regarding Chinese corn and weather surface there.
A very quiet night in news, ags, and macros.
Ags lower overnight, SX2 testing last support before 13.00 at the 13.97 200 day ma.
US and EU weather both are more bearish, Chinese production data comes out bearish, US ags break overnight but only soybeans drop through technical support
A quiet night awaiting the crop report today, raining in SE MN this AM but mainly missing IA
Moderately higher overnights, CZ back to 200 day ma resistance and SX back to 50% retrace resistance. Crop report tomorrow. US weather unstable and questionable.
US CPI below avg guess, US weather unsettled, US soymeal and Dalian corn and Dalian soymeal rallying overnight. USDA crop report is Friday.
Something for everyone. US corn to China reported this AM, US corn and spring wheat ratings slipped last week, but US weather is questionable moving forward
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