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Morning Wire
Big cal spread gains and flat price gains in MW and KW futures after KC receipts cancelled and MW cash trade moves to MWH.
A quiet night in macros and world ags, exception was the big gain to 2011 peak then reversal in palmoil. Good US soybean export sales and a new corn sale to Mexico this AM.
US soybeans were up overnight, but its world oils that are more impressive with palmoil and canola on contract highs.
Slightly higher overnight ags, but no major technical moves anywhere in ags. Macros are getting very interesting on charts.
Quiet overnight in ags worldwide and in the US, crude continues its massive climb overnight.
MGE and matif wheat on new contract highs, China announces it is starting wheat gov’t stocks sales early.
A quiet consolidating overnight session in world ags while crude and currencies start to take center stage at the moment.
A quiet US ags night with wheats and corn slipping a little while beans held above yesterdays big drop lows. Malaysian palmoil is on fresh contract highs and Matif wheat while lower overnight is close to highs.
Report day is upon us. Nothing happened overnight in macros or ags other than continued strength in MGE wheat.
Big cal spread gains and flat price gains in MW and KW futures after KC receipts cancelled and MW cash trade moves to MWH.
A quiet night in macros and world ags, exception was the big gain to 2011 peak then reversal in palmoil. Good US soybean export sales and a new corn sale to Mexico this AM.
US soybeans were up overnight, but its world oils that are more impressive with palmoil and canola on contract highs.
Slightly higher overnight ags, but no major technical moves anywhere in ags. Macros are getting very interesting on charts.
Quiet overnight in ags worldwide and in the US, crude continues its massive climb overnight.
MGE and matif wheat on new contract highs, China announces it is starting wheat gov’t stocks sales early.
A quiet consolidating overnight session in world ags while crude and currencies start to take center stage at the moment.
A quiet US ags night with wheats and corn slipping a little while beans held above yesterdays big drop lows. Malaysian palmoil is on fresh contract highs and Matif wheat while lower overnight is close to highs.
Report day is upon us. Nothing happened overnight in macros or ags other than continued strength in MGE wheat.
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