Chicago soft red winter wheat struggled to close higher, it done so in the Dec and March slots but outer months were lower. Hard red winter wheat and spring wheat futures in the US managed to closer higher across all months. The move wasn’t as much as what we...

There’s a lot of red on the screen this morning. Wheat futures in the US and Europe were lower. Cash values out of the US Pacific Northwest were lower, hard red winter wheat shed roughly AUD$3.09/t, compared to yesterdays conversions. Cash wheat out of France was also lower. The...

US wheat futures continued to push lower. It’s a hard market to understand at present. The last few months have puzzled many analyst. From the outside looking in it was obvious the initial move was going to be higher once the Azov Sea was blocked and port infrastructure in...

US wheat futures were a smidge firmer overnight, nothing to write home about, but better than the recent trend lower. If the USDA report another good week of US sales it might just draw US values higher. The US product is cheap, much cheaper than alternatives from the EU,...

There were a couple of good news stories about yesterday, they appeared to have more of an impact on the Thursday session in the US than the Friday session last night though. The first was news (or rumour) that China has shown interest in US soft red winter wheat...

International I’ll start by stating the obvious, wheat was hit again last night. All grades of US wheat were lower across all months bar MGEX Dec 2027, but a small gain on the back of just 126 contracts doesn’t shed a lot of light at the end of the...

The screen is mostly red this morning, some upside in Paris corn futures, but otherwise almost every other international grain futures contract is lower. Chicago wheat slipped, dragging FOB offers lower for US product. US product had become expensive, the HRWW product was not competitive into Asia. The punters...

US wheat futures continue to sink under all but ideal autumn weather conditions. Rain and showers are expected to ease across the HRWW belt next week, allowing winter wheat sowing to wind up in many locations. In last Tuesday USDA crop progress report, US winter wheat sowing had progressed...