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Morning Wire
A sell the fact drop overnight in ag futures, but wheats held at gaps and bounced a little while row crops were fairly quiet insignificant nights technically. US KS wheat tour begins today.
India bans wheat exports (sort of), wheat futures go crazy to the upside but not limit. World and US weather questionable in N hemisphere.
A quiet ags and macros overnight as traders digest yesterdays USDA data. MGE wheat on all time highs except for 2008.
A rangebound night other than Matif wheat making new daily chart contract highs. US macros are starting to come unglued however. USDA crop report today.
MGE wheat overnight almost back to Mondays post-2008 highs, the rest of US and world ags slightly higher awaiting tomorrows crop reports.
Marginally higher US ags overnight, world ags mixed, minor macro recovery. All a big nothing, next big thing is Thursdays USDA crop reports.
World wheat futures higher on poor EU/US wheat weather, world row crop futures generally lower on poor world macros and better US central plains weather expectations for planting.
Ag futures early break, late rally. US weather now favors row crop plantings after a drydown occurs but continues to put heavy rain into N American spring wheat areas
Macro risk on and wheat led rallies off the Feds expected action and disturbing thoughts about Indian wheat production.
A sell the fact drop overnight in ag futures, but wheats held at gaps and bounced a little while row crops were fairly quiet insignificant nights technically. US KS wheat tour begins today.
India bans wheat exports (sort of), wheat futures go crazy to the upside but not limit. World and US weather questionable in N hemisphere.
A quiet ags and macros overnight as traders digest yesterdays USDA data. MGE wheat on all time highs except for 2008.
A rangebound night other than Matif wheat making new daily chart contract highs. US macros are starting to come unglued however. USDA crop report today.
MGE wheat overnight almost back to Mondays post-2008 highs, the rest of US and world ags slightly higher awaiting tomorrows crop reports.
Marginally higher US ags overnight, world ags mixed, minor macro recovery. All a big nothing, next big thing is Thursdays USDA crop reports.
World wheat futures higher on poor EU/US wheat weather, world row crop futures generally lower on poor world macros and better US central plains weather expectations for planting.
Ag futures early break, late rally. US weather now favors row crop plantings after a drydown occurs but continues to put heavy rain into N American spring wheat areas
Macro risk on and wheat led rallies off the Feds expected action and disturbing thoughts about Indian wheat production.
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