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higher wheats, lower US row crops after better rains forcast for Argentina. But before getting too bearish, crude is higher and S Brazil forecasts are hot and dry for 10 more days…
Lower again in world wheats, slightly higher in US row crops, macros benign, above normal precip now forecast for N Argentina the next two weeks.
Lower overnight ags despite a lower US Dollar as forecasts lean wetter in Arg and S Brazil in new forecasts. Iraq buys only 150,000 MT Australian wheat, and US weekly export sales were stinky other than soybeans.
Report day today, overnights were inconsequential in ags and macros other than crude continuing to rally
Conab numbers came out today with unsurprisingly smaller cuts than reality, US crop reports tomorrow. Its a buckle up and wait day in ag futures.
US and world ag markets still coiling awaiting the Conab and USDA montly crop reports this week. Macros not doing anything technically significant either.
Continued pasting of US wheat futures paced by MGE HRS, continued sideways trade most row crops. Canola makes a new contract high overnight as an independent outlier. S American 11-14 day rains forecast now said to be the reason for overnight breaks.
Continued US hard wheat fades below support areas, macro gyrations off the Central Bank minutes. Most other world ags pretty quiet and Chicago wheat held support overnight.
US row crops held yesterdays gains overnight, world oilseeds products are firm, US wheats give back almost all of yesterdays gains, macros quiet.
higher wheats, lower US row crops after better rains forcast for Argentina. But before getting too bearish, crude is higher and S Brazil forecasts are hot and dry for 10 more days…
Lower again in world wheats, slightly higher in US row crops, macros benign, above normal precip now forecast for N Argentina the next two weeks.
Lower overnight ags despite a lower US Dollar as forecasts lean wetter in Arg and S Brazil in new forecasts. Iraq buys only 150,000 MT Australian wheat, and US weekly export sales were stinky other than soybeans.
Report day today, overnights were inconsequential in ags and macros other than crude continuing to rally
Conab numbers came out today with unsurprisingly smaller cuts than reality, US crop reports tomorrow. Its a buckle up and wait day in ag futures.
US and world ag markets still coiling awaiting the Conab and USDA montly crop reports this week. Macros not doing anything technically significant either.
Continued pasting of US wheat futures paced by MGE HRS, continued sideways trade most row crops. Canola makes a new contract high overnight as an independent outlier. S American 11-14 day rains forecast now said to be the reason for overnight breaks.
Continued US hard wheat fades below support areas, macro gyrations off the Central Bank minutes. Most other world ags pretty quiet and Chicago wheat held support overnight.
US row crops held yesterdays gains overnight, world oilseeds products are firm, US wheats give back almost all of yesterdays gains, macros quiet.
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