Overnight Markets

[shtferbrains]

This could be a wild market…:





Bloomberg) -- Economist Nouriel Roubini said the US is facing a deep recession as interest rates rise and the economy is burdened by high debt loads, calling those expecting a shallow downturn “delusional.”
“There are many reasons why we are going to have a severe recession and a severe debt and financial crisis,” the chairman and chief executive officer of Roubini Macro Associates said on Bloomberg TV Monday. “The idea that this is going to be short and shallow is totally delusional.”

Lots of Volitility today.

The big bucks are made and lost on the volitility. Both ways.

With to mid-terms coming soon the Biden administration is trying to spin the recession as short term minimum impact. Maybe not even a recession, just a minor downturn.

[furrowtickler]

Latest Drought Map for US

Lol I’ll trust Snodgrass before Craig Barnsley
Did you watch the video ??

[TOM4CWB]

Lol I’ll trust Snodgrass before Craig Barnsley
Did you watch the video ??

The first week of August could be the drought maker for the US mid-west… which would be nasty for soybeans especially…

The red areas are short of moisture:





This is seven days out to August 8



This looks generally positive for western Canada…

Blessings and Salutations

[furrowtickler]

The first week of August could be the drought maker for the US mid-west… which would be nasty for soybeans especially…

The red areas are short of moisture:





This is seven days out to August 8



This looks generally positive for western Canada…

Blessings and Salutations

Yup but watch video
Don’t get too bullish , heat is separating to Pacific NW and back into Texas

There is a split in jet stream due to the shift in the Pacific Ocean

[helmach]

nice bump this am wheat in the green... starting to recognize the bombs now finally

[TOM4CWB]

Yup but watch video
Don’t get too bullish , heat is separating to Pacific NW and back into Texas

There is a split in jet stream due to the shift in the Pacific Ocean

These forecasts are not helpful to Soybeans especially…

[TOM4CWB]

Spring wheat today,
I heard that corn and wheat were trading at virtually the same price in France- $9/bu

The ‘fun has just begun’! I

[TOM4CWB]

Spring wheat today,
I heard that corn and wheat were trading at virtually the same price in France- $9/bu

The ‘fun has just begun’! I

[helmach]

down up down up like a yo yo ... and not small dips either. Not for the faint of heart