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Morning Wire
Dalian corn rallied a little more, all other world ags and macros were benign overnight other than USD near highs and Euro near lows. Its about the day session today, the index roll beginning this afternoon, and the crop report Tuesday.
Crude recovers, USD not breaking, Dalian corn rallying, a recovery somewhat in US wheats, Malaysian palmoil hovering near highs, Index rolls begin Friday, USDA crop report next Tuesday.
Sideways/lower ags may be signalling the end of the latest round of fund buying in wheats and corn, we suggest ag futures are out ahead of cash to the upside.
Everything but soybeans and meal continue to scream into the ether. Overnight was a lack of macro bullishness and a lack of news, and wheats and corn still rallied globally.
Wheats screaming globally on the heels of Saudi buying 1.2+ MMT and Egypt tendering again, corn out of its months long triangle pattern, but beans sitting there.
A light overnight of trade, corn and wheat futures globally still firm but soybeans starting to show some cracks.
No macro movement, no US ag movement, no world ag movement, no fresh news other than a fresh Saudi wheat tender
A quiet night in US ags, world ags, and macros. First intentions day for SX1 is tomorrows close.
A lower overnight but not yet major losses in anything globally ag futures. Dalian corn runs higher for second day in a row.
Dalian corn rallied a little more, all other world ags and macros were benign overnight other than USD near highs and Euro near lows. Its about the day session today, the index roll beginning this afternoon, and the crop report Tuesday.
Crude recovers, USD not breaking, Dalian corn rallying, a recovery somewhat in US wheats, Malaysian palmoil hovering near highs, Index rolls begin Friday, USDA crop report next Tuesday.
Sideways/lower ags may be signalling the end of the latest round of fund buying in wheats and corn, we suggest ag futures are out ahead of cash to the upside.
Everything but soybeans and meal continue to scream into the ether. Overnight was a lack of macro bullishness and a lack of news, and wheats and corn still rallied globally.
Wheats screaming globally on the heels of Saudi buying 1.2+ MMT and Egypt tendering again, corn out of its months long triangle pattern, but beans sitting there.
A light overnight of trade, corn and wheat futures globally still firm but soybeans starting to show some cracks.
No macro movement, no US ag movement, no world ag movement, no fresh news other than a fresh Saudi wheat tender
A quiet night in US ags, world ags, and macros. First intentions day for SX1 is tomorrows close.
A lower overnight but not yet major losses in anything globally ag futures. Dalian corn runs higher for second day in a row.
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