Overnight markets chop as a corrective trade sets in. Its only a calm before the storm though, Shanghai markets wont reopen until Sunday
Bearish pre-report action was bought as corn sits 10 , wheat 8, beans 8 and cotton 20 ticks off lows. Bullish action on neutral data…
KC wheat looks toppy here, down 5 from the close yesterday. Oilseeds remain quiet while corn spreads back off.
Corn falls further behind, beans are only slightly off pace. Cotton is ahead of last years harvest pace. Wheat conditions are downgraded.
Progress reports saw corn miss,beans were on expectations and cotton was ahead. Are harvest worries for corn enough to cause a turn around?
Markets pulling back from a green overnight trade. Another ASF case was found in South Korea. Fears of feed grain demand losses mount
Row crop markets are mixed in the overnight, as the USD trades unchanged amidst an evening of low volume. All 4 markets I cover for you come into this morning facing weekly losses although no real technical damage has been done in any market with the exception of KC Wheat.
US row crop markets are higher across the board this morning as high level talks take place between the US and China per China’s commerce department. Soybeans are leading the way higher on this news as January beans make a run at 900.