Bangladesh picked up 50kt of wheat overnight from Agrocorp International in Singapore at roughly $461 US C&F. This is believed not to be part of the 200kt of Russian wheat also being negotiated by Bangladesh. Russia continues to claim they have wheat sale issues to some destinations due to...

US wheat futures were flat to lower in overnight trade. Further north PDQ registered the average cash prices for grains ex farm SE Saskatchewan were all lower, spring wheat, durum, barley and canola values all fell. 1CWAD13 durum for a December lift average a price of C$459.55 per tonne,...

US wheat and soybean futures saw substantial gains in overnight trade. The strength in soybeans spilling over into the ICE canola market which also closed higher. Paris rapeseed did close in the black but not as decisively as the US and Canadian oilseeds. Corn futures were drawn higher by...

The US Fed continues to look like that 6 year old at the soccer field, you know the one, about 20m behind the crowd of 20 kids jostling for a little kick. We’ll call those kids the fund managers and bankers today, they are having a hell of game....

The July futures contract at Chicago rolled of the board in a similar fashion to how it spent most of its existence, volatile. July corn shed 45c, soybeans were up 22c and wheat, well it bucked the trend, flat to back 4c. Looking at the December contract wheat was...

The bargain hunters were in the mix last night picking up “cheap” corn and soybeans at Chicago. Wheat found support but still struggled and closed a little lower in all three grades. Talk of potential weather damage to the wheat crops in the Baltic region assisted the bulls. A...

It was WASDE night last night and it appears to have flushed out the bears. Wheat, corn, and soybean futures in the US were all sharply lower. Let’s have a look at the wheat side of the report and see what the USDA have thrown in the pot. First...

Wheat futures in the US turned around last night, shedding AUD$19.37 per tonne in the nearby contract at Chicago. The decline in the September and December SRWW and HRWW futures were not that dissimilar. Drier weather in the lower HRW states is helping to clean up harvest there but...

We have a USDA World Ag Supply & Demand report due out on the 12th, mid next week. Some analysts are explaining away this week’s volatility as positioning prior to the report release. Technically Dec22 SRWW at Chicago is overbought, but we could see another day or two of...

Looks like the “bargain” hunters were active in US futures last night. Not the only hunters active, looks like someone cleaned out the UK parliament with a shot gun too. Rat’s fleeing a sinking ship, something more sinister in the near future, who knows, but it is certainly one...