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A quiet slightly lower night lacking much fresh news
Light bounces in ags except US beans erase all of yesterdays losses, UN/Russian grain corridor talks ongoing with no results yet
US Oct CPI at 7.7% has macros screaming, expectations are we may have peaked inflation. Some possible changes to ag prices today as a result
Beans soft, wheat and corn still in uptrend channels but just barely now for corn. Macros quiet.
A mighty bounce of 20% of yesterdays losses in US wheats overnight, corn unch, and beans slightly lower. Nothing happened but something probably will in the day session.
Chicago wheat and Matif wheat break July/Sep support, other world ags pretty quiet, some concerns regarding Chinese corn and weather surface there.
A quiet overnight. Mondays US crop progress/conditions will include corn and spring wheat conditions.
Inside nights for wheats, soybeans bouncing, corn continues to go nowhere. We are awaiting the US interest rate news this afternoon.
Extreme Volatility Hits CBOT as Russian Military Invades Ukraine; Matif Wheat Trades an All-Time High
A quiet slightly lower night lacking much fresh news
Light bounces in ags except US beans erase all of yesterdays losses, UN/Russian grain corridor talks ongoing with no results yet
US Oct CPI at 7.7% has macros screaming, expectations are we may have peaked inflation. Some possible changes to ag prices today as a result
Beans soft, wheat and corn still in uptrend channels but just barely now for corn. Macros quiet.
A mighty bounce of 20% of yesterdays losses in US wheats overnight, corn unch, and beans slightly lower. Nothing happened but something probably will in the day session.
Chicago wheat and Matif wheat break July/Sep support, other world ags pretty quiet, some concerns regarding Chinese corn and weather surface there.
A quiet overnight. Mondays US crop progress/conditions will include corn and spring wheat conditions.
Inside nights for wheats, soybeans bouncing, corn continues to go nowhere. We are awaiting the US interest rate news this afternoon.
Extreme Volatility Hits CBOT as Russian Military Invades Ukraine; Matif Wheat Trades an All-Time High
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