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Morning Wire
Slightly bullish N plains data for spring wheat and corn held markets slightly higher overnight.
Continued fund profit taking in world wheats? Lower wheats, insignificant row crop price movement overnight. We warn 50 cents in wheat now means little.
A quiet night in everything ag and macro – except spring wheat which jumped another 15 cents on heavier rain forecasts in the AM run in all the wrong places.
Lower US wheat futures again overnight, we will see if that holds this time today. Slightly lower technically irrelevant US row crop futures overnight. US weekly export sales this AM disappoint.
Lower overnights as the Brazil-China corn deal continues to be priced. Some stories about Russia allowing Ukranian grain exports out of the Black Sea, we feel so far, are misleading and presumptive.
Wheats catch a bid off poor US spring wheat planting pace and poor US HRW conditions yesterday afternoon
A minor US ag recovery overnight, macros flat other than currencies, we await the US crop reports this afternoon.
US wheat futures lower but everything else unch or slightly lower only. French wheat ratings decline substantially again.
A higher start and drastically lower finish to US wheat futures, row crops more constrained but CZ technically weak overnight.
Slightly bullish N plains data for spring wheat and corn held markets slightly higher overnight.
Continued fund profit taking in world wheats? Lower wheats, insignificant row crop price movement overnight. We warn 50 cents in wheat now means little.
A quiet night in everything ag and macro – except spring wheat which jumped another 15 cents on heavier rain forecasts in the AM run in all the wrong places.
Lower US wheat futures again overnight, we will see if that holds this time today. Slightly lower technically irrelevant US row crop futures overnight. US weekly export sales this AM disappoint.
Lower overnights as the Brazil-China corn deal continues to be priced. Some stories about Russia allowing Ukranian grain exports out of the Black Sea, we feel so far, are misleading and presumptive.
Wheats catch a bid off poor US spring wheat planting pace and poor US HRW conditions yesterday afternoon
A minor US ag recovery overnight, macros flat other than currencies, we await the US crop reports this afternoon.
US wheat futures lower but everything else unch or slightly lower only. French wheat ratings decline substantially again.
A higher start and drastically lower finish to US wheat futures, row crops more constrained but CZ technically weak overnight.
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