The main driver in US wheat futures continues to be the lack of supply from Russia and Ukraine. Over night there were analyst reports that stated that if the fighting continued through to at least the end of the year, and current port and shipping issues continued, it could...

Chicago corn, wheat and soybean futures rallied sharply last night. Corn is said to be the major influence here, it has the best underlying fundamentals but wheat fundamentals, well, will we call it political fundamentals, could not be ignored. Lower US corn production, good weekly US export sales, drought...

The variability of the US corn crop, and declining crop condition ratings for US corn, triggered technical trade at Chicago, allowing the punters to take advantage of some fundamental news and push the Dec corn contract to 523.5c/bu, up 8c/bu, prior to first notice day on the September contract....

The weekly USDA US crop progress report was out last night. It’s all about corn at the moment. Last weeks ProFarmer crop tour yield estimates came in a bunch lower than the current USDA national yield estimate. The USDA already livened the corn market up with lower than expected...

Both Winnipeg canola and Paris rapeseed futures saw significant losses overnight. Winnipeg justifiably so, it had made some massive gains over the last couple of weeks on the back of outside markets. Paris rapeseed, although heavily influenced by some significant fundamentals like record drought, did see losses across all...

No one really thinks of Brazil as being a mover or shaker in world of wheat. They produce roughly 6mt of wheat annually but they consumer around 12.3mt. This makes them a significant importer of wheat, around 7.5mt is projected for the 2026-27 season. The bulk of imports traditionally...

Chicago soft red winter wheat December futures briefly broke through the 700c/bu barrier overnight before retreating to close at 697.5c/bu. Volume in the December slot was good, 87,440 contracts, resulting in open interest of 243,592 contracts (33.12mt). Not bad considering US all wheat production, HRWW, SRWW, spring wheat, white...

Some technical weakness in the US wheat futures market, HRWW and SRWW, as we near the first notice day for the September contract. Volume in the SRWW Sept slot was not bad for this time of the month. Dec is the major month now though. The move may appear...

Corn futures at Chicago continued to push higher. The trade continue to point out just how tight the world corn stocks to use ratio is becoming. Supply has not kept up with demand over the last couple of years and the drought in Europe is reducing the global stocks...

International grain and oilseed futures were mostly higher overnight. Chicago wheat, corn and soybean futures all seeing many months with double digit gains. Kansas HRWW futures were the standout, closing just under the session high of 769.5c/bu. Better futures dragged the US Pacific Northwest FOB offers higher. Hard red...