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...

Softer Chicago soybean futures weighed on the grain and oilseed market last night. Paris rapeseed shed value across all months and continued lower after the close and across their cash markets. Chicago beans also weighed on Winnipeg canola values, which slipped CAD$10.90/t in the January slot. The move lower...

Remember the good old days when they wanted to destroy data they’d just fly a plane into it. Not anymore, it’s a new age, now they fly a drone into a data centre and poof, it’s all gone….. Yeah, I’ll peel off the tin foil hat now and get...

The USDA weekly crop progress report has the corn crop 33% harvested, 6pts slower than the 5 year average. The condition rating for corn was up 2pts in the good to excellent range, 44/12- 56% G/E. In 2019 the USDA corn crop reporting closed off with a G/E rating...

Chicago corn and wheat futures closed in the green, a good effort for corn considering the sharp move lower after the WASDE data on Friday night. Wheat data was not that bearish in the report, it is pretty safe to assume wheat was collateral damage. Chicago soybeans did not...

It was USDA World Ag Supply and Demand Estimates report night, last night. So we’ll drill down into the WASDE a little this morning. You might assume that since US wheat futures are sharply lower this morning that the WASDE was bearish wheat. Well, from the outside looking at...