It’s official, Bunge and Viterra (Glencore Grain) will merge. Here’s the press release, I’ll leave it to you to read it there instead of boring you with the details here. https://www.glencore.com/media-and-insights/news/viterra-to-merge-with-bunge. In overnight futures Chicago soybeans were the clear winner, dragging both Winnipeg canola and Paris rapeseed futures higher....

Tuesday Morning Comments. A quick look at the weekly USDA crop progress report for the states shows that corn planting is almost complete now, 93% in the ground. The condition rating for corn slipped again, back 3% in the G/E rating, now at 61%. The ten-year average G/E rating,...

US wheat futures bounced back strongly last night. Was it a dead cat bounce or has the fund shorts finally saw the writing on the wall and are deciding to change strategy and get on board with the rest of the fundamental analysis and call this wheat market more...

The June WASDE is out tomorrow night. The sharp move lower in US HRWW and Spring Wheat futures was said in part to be some technical positioning leading into this report. There are also a few punters expecting to see increases in ending stocks and possible increases in world...

I was reading reports on the destruction of the Nova Kakhovka Dam on the lower Dnieper River in the Kerson district of Ukraine. The first report I read said that Ukraine had blown it up to disrupt water supply to Crimea and flood Russian military camps on islands along...

The weather forecast is the key both here and around the world at present. Social media is now showing some pretty average looking corn in the US central corn belt, corn that will need a good fall of rain over the next 14 days or it will be in...

The last 14 days has seen little rain fall across northern Europe. France, Germany, and Poland have seen nothing more than light scattered showers. The seven-day forecast for the same region is also dry. This would make it 3 weeks without a decent fall of rain for the major...

Lots of green across the screen this morning. US wheat, corn and soybean futures all closing higher bar nearby corn. Nearby corn is at a huge premium to the new crop so we might expect to see some convergence in the July slot between now and expiry. Chicago soft...

US wheat futures were mixed but generally took a breather from yesterday’s sharp losses. Soft red winter wheat futures closer a smidge firmer, HRW was also a little firmer on the nearby but crept lower in the outer months. Spring wheat continued lower as did Chicago soybeans. The weaker...

It’s a sea of red out there again today. Technical Tuesday, call it what you will but the sellers were firmly in control last night. Wheat, soybeans, corn, rapeseed and canola, all seeing double digit losses. Chicago soybeans, thus rapeseed and canola, appeared to fare the worst. Soybeans have...