Big spike in AGs- what news?

Discussion in 'Commodity Futures' started by countryBoy641, Jun 30, 2021.

  1. At 12:02 pm today, some AGs spiked.
    What was the news?
     
    Last edited: Jun 30, 2021
  2. Drought?
     
  3. OK, a drought.
    But was there a big news story about this drought today at 12:03 pm?
     
  4. Overnight

    Overnight

    If memory serves, monthly AG crop reports are dropped on Wednesdays at noon ET. Will keep an eye on the cow folks, they may have something to say about it.
     
  5. BKR88

    BKR88

    Quarterly grain stocks & planted acres report from USDA.
    Mar 31st & Jun 30th (Q1 & Q2) are usually the most volatile days of the year for the grains.
    Supplies are tight so acres below expectations added to the bullish situation. SA dry & now frost too soon.

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    Last edited: Jul 1, 2021
    TraDaToR and countryBoy641 like this.
  6. I don’t know why this happens on Wednesday only. I must read more about this.
     
  7. TraDaToR

    TraDaToR

    Jun 30th and March 31st crop and acreage reports are bigger than monthly WASDEs. Those are the only reports I specially adjust existing positions and anticipate possible other candidates for.
     
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