Hard red wheat futures in the USA are still overbought, will we see a correction tonight prior to the USDA report on Friday our time or is the trade betting that the USDA will confirm that the HRW crop...

And just like that the rally in wheat since last Friday is given back. US wheat futures closed lower across all three contracts last night. The US weather map is unchanged, it’s still predicted to remain mostly dry across...

Sometimes you just look at these USDA reports and think “something isn’t right here”. Last night’s wheat numbers gave me that feeling. World wheat production was increased a little while overall consumptions was reduced a little to give and...