US grain futures were generally weaker overnight with corn and soybeans holding on a little better than wheat. The trade saw the US weekly sales data as poor and pruned prices accordingly. Weekly US wheat sales were down 34% week on week at 262kt. Corn saw weekly US sales...

US row crop futures were generally sideways with soybeans and corn finding technical support, more so for corn. Soybeans remain moderately overbought but have recently found support from increased fund money from China which is leading one to think that the US and China may be closer to a...

Saudi Arabia picked up 605kt of wheat in Fridays tender. The average price was said to be US$242.51 per tonne. Quality was asked at 12.5% milling wheat with a March / April ETA. Participants produced offers from the USA, EU, Black Sea, Argentina and Australia with the option of...

US markets were quiet on Friday with most punters happy to work with spread trade and positioning around the usual market news such as the US / China trade discussions and the impact of last week’s weather on the standing crops. The later preventing prices from slipping to far....

Between the Brexit deals and the US / China trade negotiations it’s hard to keep focused on things that have a fundamental impact on trade, things like production or you know, good old fashion supply and demand. I remember when I was first learning about futures and world markets...

A fairly uneventful night at Chicago as the trade try to make something out of the USDA crop progress report. Wheat did find support on technical trade and fundamental support from higher values into Egypt. Technically though wheat may struggle to push much higher at Chicago. The December contract...

In the USA corn futures at Chicago moved lower on technical trade. The trade was unimpressed with US export data. Cash markets were mixed with weather delays seeing some locations increasing basis while supply at others elevators saw basis weaken. Wheat futures became a follower and drifted lower. Weekly...

In the USA the punters saw the downside from the USDA report as a buying opportunity ahead of a weather ravaged weekend. With a severe storm predicted to cut across the Upper Midwest of the USA the punters stepped in as buyers of wheat and corn and to a...

Corn futures lead the US markets lower after the USDA monthly World Ag Supply and Demand Estimates report disappointed the punters. US corn production was reduced a little but not as much as what the trade had expected to see. This does leave the door open for further adjustments...

With a USDA report due out tonight it was never going to be a huge night of changes at Chicago. The trade wanted to rally on the back of an approaching winter storm in the USA but caution won the day and the punters generally squared up ahead of...