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Morning Wire
Inside nights for wheats, soybeans bouncing, corn continues to go nowhere. We are awaiting the US interest rate news this afternoon.
Gyrations again in wheat yield a near-unch overnight finish, SK needs to be watched as it is technically weak and needs to hold this AM.
Another rough night for US wheats, stronger world row crops, and plunging crude and US interest rate futures were the overnight features.
Wires full of Putin excitement over cease fire talks, we caution skepticism
90 lower to higher in WK, then finishing 10 lower. We expect huge ranges the balance of this week and probably next week also.
Stabilizing US ag futures? Risk off/profit taking in macros? Either way, we now have the new US crop reports midsession today.
Chicago wheat appears to not be done with its problem, whatever that is, in the front May contract. World ags mainly making new all time highs or close. Buckle up, we arent done yet with volatility.
US ags softened in the AM overnight session, crude futures softened also, WK is the only thing still big limit up. Should be an interesting AM.
Chicago wheat is completely unhinged, Chicago corn is considering going along for the mayhem, beans are quiet at the moment.
Inside nights for wheats, soybeans bouncing, corn continues to go nowhere. We are awaiting the US interest rate news this afternoon.
Gyrations again in wheat yield a near-unch overnight finish, SK needs to be watched as it is technically weak and needs to hold this AM.
Another rough night for US wheats, stronger world row crops, and plunging crude and US interest rate futures were the overnight features.
Wires full of Putin excitement over cease fire talks, we caution skepticism
90 lower to higher in WK, then finishing 10 lower. We expect huge ranges the balance of this week and probably next week also.
Stabilizing US ag futures? Risk off/profit taking in macros? Either way, we now have the new US crop reports midsession today.
Chicago wheat appears to not be done with its problem, whatever that is, in the front May contract. World ags mainly making new all time highs or close. Buckle up, we arent done yet with volatility.
US ags softened in the AM overnight session, crude futures softened also, WK is the only thing still big limit up. Should be an interesting AM.
Chicago wheat is completely unhinged, Chicago corn is considering going along for the mayhem, beans are quiet at the moment.
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