We have a USDA World Ag Supply and Demand Estimates report due out tomorrow night, US Sept 11th. This will probably result in speculative liquidation and positioning leading up to the report. Wheat has seen a significant amount of volatility over the last couple of weeks as the punters...

The Black Sea issues have dominated the markets for a long time. Recent escalation has seen port infrastructure for both Russia and Ukraine destroyed and both sides have sunk ships transporting goods. The weather doesn’t make great headlines unless it can confirm climate change, or a possible natural disaster...

International news is a little thin this morning with the USA having a public holiday. EU grain and oilseed futures all closed in the green. London feed wheat was up £2.00/t in the January slot, Paris milling wheat was up €3.25/t in the December slot, Paris corn up €0.50/t...

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...