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overnight forecasts added a large rain to central US in the 9-10 day out window, row crop futures snap lower overnight as a result.
Wheats lower, row crops higher, Poland whining, none of it matters as the crop report is today.
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.
overnight forecasts added a large rain to central US in the 9-10 day out window, row crop futures snap lower overnight as a result.
Wheats lower, row crops higher, Poland whining, none of it matters as the crop report is today.
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.
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