Prices 29/7/16

Just when you think the world wheat crop is big it gets bigger. In the July IGC report they have increased world wheat production 6mtĀ  to 735mt the same as the record crop of 2015. What ever happen to the saying “bad prices fix bad prices”. I’ll pen a...
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Prices 28/7/16

US soybean futures closed higher, some say it’s a corrective rally after recent sharp losses, some say it’s due to some good export sales to China. I’m tending to think the former is the main driver here as the volume into China wasn’t especially great. As with most moves...
Read More: Prices 28/7/16

Prices 27/7/16

And just like that the last three days of higher closes in US soft wheat futures are eroded. It took nothing more than a reality check and a quick look at wheat production around the world. Yes France is going to be much lower than last year, Germany and...
Read More: Prices 27/7/16

Prices 26/7/16

Poland and Germany look likely to be the next victims of the wet weather in Europe. With the French wheat harvest well under way estimates for production continue to fall. Last night did see Paris milling wheat futures close lower but only after a 9% increase over the last...
Read More: Prices 26/7/16

Prices 25/7/16

Friday night saw US soybean values crash on the back of a mild, wet August forecast in the States. Corn closed lower but week on week managed to gain some ground but from the current level of values we need to see more than a few cents a bushel...
Read More: Prices 25/7/16

Prices 20/7/16

It’s going to get hot for a couple of days from about Kansas south but further north across Nebraska and Iowa, the corn belt, temperatures are not expected to get much hotter than the mid 30’s before cooling off again on Sunday. The US forecast also has a few...
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Prices 19/7/16

US grain futures traded higher on their domestic weather forecast yet again. Hot dry weather is predicted for the last week of July. Now to put a shroud of reality over this we should probably have a look at the USDA weekly crop condition report that came out last...
Read More: Prices 19/7/16

Prices 18/7/16

Fund managers appear to be very nervous about current global events. The attack in Nice, France, the developments in Turkey are all leading major funds into a risk off environment and back to the US in general. Grains have there own fundamental bearish issues as well with record crops...
Read More: Prices 18/7/16

Prices 15/7/16

Is it just me or is anyone else starting to think that, a) The punters in the US can’t read a weather map and suffer from short term memory loss or, b) The people building the weather maps are serious futures traders. Soybeans led the US grain futures market...
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Prices 14/7/16

US markets found support from a hotter weak ahead. Temperatures across the corn and soybean belt will warm up early next week. Places like Iowa and Illinois are expected to see high’s in the mid 30’s while further south across Kansas and the HRW belt the mercury is expected...
Read More: Prices 14/7/16