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Morning Wire
New SH2 contract highs on a late surge in prices from lower to +11 finish. Weather forecasts returning to hot and dry for Arg and S Brazil now, not much else for news.
Smaller S American crop expectations on worsening Arg and S Brazil forecasts again, global oilseeds futures continue to push higher overnight as a result.
World soyoil/palmoil markets blowing up, Dalian corn calms down, US soybeans on new highs, the rest of it took a breather. Egypt tendered for wheat again.
Wheats continue their slide, corn unch in US futures despite new highs in Dalian, world and US soyoil and soy feels firmish still.
Lower again for the wheats, back to where we started yesterday. Corn marginally lower, beans a little higher off continued strength in Malaysian palmoil and US soyoil.
US central bank meetings begin today, overnights had wheats still rallying and row crops recovering/following.
A mixed night in global ags and macros as it appears traders are unsure what to make of both the Ukraine/Russia situation and the S American forecasts.
Mixed messages with a lower ag start and a rebound and a crude break that stalled and rebounded also.
A quiet US ag overnight, Dalian corn catches recent US corn gains and posts new daily chart highs.
New SH2 contract highs on a late surge in prices from lower to +11 finish. Weather forecasts returning to hot and dry for Arg and S Brazil now, not much else for news.
Smaller S American crop expectations on worsening Arg and S Brazil forecasts again, global oilseeds futures continue to push higher overnight as a result.
World soyoil/palmoil markets blowing up, Dalian corn calms down, US soybeans on new highs, the rest of it took a breather. Egypt tendered for wheat again.
Wheats continue their slide, corn unch in US futures despite new highs in Dalian, world and US soyoil and soy feels firmish still.
Lower again for the wheats, back to where we started yesterday. Corn marginally lower, beans a little higher off continued strength in Malaysian palmoil and US soyoil.
US central bank meetings begin today, overnights had wheats still rallying and row crops recovering/following.
A mixed night in global ags and macros as it appears traders are unsure what to make of both the Ukraine/Russia situation and the S American forecasts.
Mixed messages with a lower ag start and a rebound and a crude break that stalled and rebounded also.
A quiet US ag overnight, Dalian corn catches recent US corn gains and posts new daily chart highs.
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