The Morning Vibe

Posted by Nogger - a legend in his own mind at 09:46 | Categorized as

06/02/12 -- The overnight grains are narrowly mixed with beans 1-2 cents firmer and wheat & corn 1-2 cents lower. Crude is down more than a dollar.

London wheat has yet to trade, but Paris wheat is looking to extend it's winning run with front month March currently up EUR1.75/tonne tot EUR219.00/tonne.

It's all talk and no action from Athens after weekend meetings between Greece and it's creditors yet again failed to reach an accord. The euro is weaker on the back of that news which may help Paris wheat today.

Bristol seem to have the right idea, they're printing their own money, according to this report on the BBC: The Bristol Pound

Russia poured cold water on suggestions that grain export restrictions are on the cards this season late on Friday, they also increased the size of the 2011 harvest to 93.9 MMT.

We could be in for a quiet few days ahead of Thursday's Feb WASDE report from the USDA. Perhaps we will see some light profit-taking on Chicago ahead of that?

Crops in central Ukraine are protected from frigid cold there by 50 cm of snow, according to Agritel. Closer to the Black Sea frost may have damaged some rapeseed and barley, but it's too early to tell the extent of any such damage, they add.

We had around 4 inches of snow here in North Yorks on Saturday, which started falling bang on cue at around 1.30pm and lasted until around 10pm. Nogger's dog loves snow.