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Morning Wire
lower technically irrelevant overnight ags, whopping big EU inflation for Aug at 9.1%, lower crude, possible new Chinese covid lockdown situation.
Turnaround Tuesday for wheats and corn (to some degree), continued weakness in soybeans almost to a major support point in SX2. Balance of today for Nov beans will be interesting.
New highs since June in corn, a seesaw night for wheats finally ending marginally higher, beans lower on good US weekend rains in northern soy areas.
A calm cool quiet night session, macros also quiet but Powell speaks today, India threatening rice export curbs of some degree.
Weak ags and quiet macros overnight – except corn which cannot decide if it has priced in the ProFarmer yield loss yet or not.
Corn and soybeans higher to major retracement levels overnight. It will be an interesting day to see whether even more rally is perceived as needed or not.
US corn screams higher overnight on poor conditions reports and poor SD ProFarmer tour results. This despite a USDX testing contract highs.
a quiet night, US forecasts mainly good but EU/Ukraine/Russian spring crop forecasts questionable to poor. Crop progress/conditions and finally the FSA plantings numbers this afternoon.
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.
lower technically irrelevant overnight ags, whopping big EU inflation for Aug at 9.1%, lower crude, possible new Chinese covid lockdown situation.
Turnaround Tuesday for wheats and corn (to some degree), continued weakness in soybeans almost to a major support point in SX2. Balance of today for Nov beans will be interesting.
New highs since June in corn, a seesaw night for wheats finally ending marginally higher, beans lower on good US weekend rains in northern soy areas.
A calm cool quiet night session, macros also quiet but Powell speaks today, India threatening rice export curbs of some degree.
Weak ags and quiet macros overnight – except corn which cannot decide if it has priced in the ProFarmer yield loss yet or not.
Corn and soybeans higher to major retracement levels overnight. It will be an interesting day to see whether even more rally is perceived as needed or not.
US corn screams higher overnight on poor conditions reports and poor SD ProFarmer tour results. This despite a USDX testing contract highs.
a quiet night, US forecasts mainly good but EU/Ukraine/Russian spring crop forecasts questionable to poor. Crop progress/conditions and finally the FSA plantings numbers this afternoon.
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.
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