It’s harvest time in the US hard red winter wheat belt. Progress is a bit stop start due to rain. The dry weather throughout winter and spring has yields very variable. Reports show yields from as low as 1.00t/ha to as high as 4.00t/ha. Protein is coming in average,...

US soybean futures were the big loser overnight, shedding over 30c/bu across the board through to the Jan23 contract. Internally the US domestic cash market pre-empted the move, local basis there generally falling early in the day, this was a little regional specific though, those areas that are still...

Severe storms were not just isolated to Nebraska and Texas over the last week, central France also saw its fair share of storms. The south-central region of Vichy saw up to a months’ worth of rain over a four-hour period. The storm also included large hail stones that destroyed...

US markets were a bit of a yawn fest overnight, no big limit up or down moves, I mean seriously, how is a caffeinated fund manager expected to retire in Florida at 35 with poultry 5 or 10c/bu variations. Anyone would think there’s a USDA WASDE report due out...

Chicago corn and soybeans futures pushed higher, while winter wheat in the US, hard and soft, both pushed lower, following the recent trend lower. Across the border in Canada ICE canola futures were C$1.00 lower in the January 23 slot. New crop rapeseed at Paris was also lower shedding...

Stronger wheat futures at Chicago spilled into the day session. One of the lead stories being the attack on June 4th by Russian forces on an up river grain loading and storage facility at Mykolaiv. The port is located between the Black Sea ports of Kherson and Odessa. The...

FranceAgriMer continue to reduce the crop condition rating of winter and spring crops. Soft wheat rated good to excellent declined another 2% week on week to 67% G/E. This represents a reduction in the G/E rating of 20% since May. There was further talk of drought despite some decent...

Dead cat bounce, bear trap, technical trade, call it what you will. US wheat futures found buying interest overnight reversing the downward trend of the last few sessions. Up until last night’s session the nearby SRWW contract at Chicago had shed over 236c/u since May 17th. That’s just under...

Interesting to see a boat load of durum wheat from India to Turkey has been rejected on phytosanitary concerns. This raises the point of what the quality of Indian wheat is. India also had issues with a shipment of milling wheat into Asia early last month. There are boats...

Crushed, hammered, beaten, it doesn’t matter what word you use the US futures market got a little ugly last night. All three wheat grades, corn, soybeans, even cotton was lower by the close. Wheat was hardest hit, the CME nearby soft red winter wheat contract shedding AUD$35.83 per tonne....