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Morning Wire
Terrible US monthly HRW conditions ratings causes an overnight bounce off near term technical downside lows. World ag markets slightly higher.
US row crop futures post overnight gains on continued dryness in S American production area forecasts
Happy New Years eve, markets were quiet almost all around overnight in ags and macros.
Some rain potentially in S Brazil, soybeans lower and the rest of world ags and macros pretty quiet. Tomorrow is year end.
A moderate break overnight in US wheats despite another Egypt wheat tender, but a continued break in US row crop futures after more rain forecast for S Brazil and Argentina than previously.forecast
Overnights started higher but faded for unknown reasons this AM. Macros a positive note with crude oil up again.
US soybean futures lead the way higher overnight on poor S American forecasts, this comes with caveats as US soybean futures spreads are crashing in the front end.
Another quiet night session in ags as traders wrap up for the year basically. Happy holidays everyone.
US ag futures continue their climb on poor S American weather forecasts and screaming US HRW basis due to logistics
Terrible US monthly HRW conditions ratings causes an overnight bounce off near term technical downside lows. World ag markets slightly higher.
US row crop futures post overnight gains on continued dryness in S American production area forecasts
Happy New Years eve, markets were quiet almost all around overnight in ags and macros.
Some rain potentially in S Brazil, soybeans lower and the rest of world ags and macros pretty quiet. Tomorrow is year end.
A moderate break overnight in US wheats despite another Egypt wheat tender, but a continued break in US row crop futures after more rain forecast for S Brazil and Argentina than previously.forecast
Overnights started higher but faded for unknown reasons this AM. Macros a positive note with crude oil up again.
US soybean futures lead the way higher overnight on poor S American forecasts, this comes with caveats as US soybean futures spreads are crashing in the front end.
Another quiet night session in ags as traders wrap up for the year basically. Happy holidays everyone.
US ag futures continue their climb on poor S American weather forecasts and screaming US HRW basis due to logistics
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