30/5/23 Prices

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No US data this morning as Monday was a public holiday in the States. ICE and MATIF futures markets operated, while London joined the US in a day off. The Paris corn market was generally lower bar some movement either side of unchanged in the new crop futures. Milling...
Read More: 30/5/23 Prices

29/5/23 Prices

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US and European grain futures were firmer in overnight trade. Chicago SRWW played catch up to the HRW and spring wheat markets. Both CME corn and soybeans were also higher. It was good to see both Winnipeg canola and Paris rapeseed futures closing higher. The move in Paris rapeseed...
Read More: 29/5/23 Prices

26/5/23 Prices

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Viterra (Glencore) and Bunge are in talks, considering merging. Reuters report that their information confirms the talks are in early stages and are not yet predicting that this is a done deal. Bunge is valued at US$13.4Bn. Recent years have offered grain trading company huge profits, many seeing year...
Read More: 26/5/23 Prices

25/5/23 Prices

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Paris rapeseed futures traded higher overnight, new, and old crop futures, making some good ground against the trend in Chicago soybeans. Winnipeg canola futures were softer. Some good rain in parts of Alberta were viewed as favourable for the Canadian crop. Local, new and old crop markets, have generally...
Read More: 25/5/23 Prices

24/5/23 Prices

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It’s hard to talk the wheat market up at present, this time last year we had the Russian invasion of Ukraine blocking Ukraine exports out of the Black Sea and the “world was going to starve”, India was going to save the day, that went pear shaped. Then the...
Read More: 24/5/23 Prices

23/5/23 Prices

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US wheat found both bearish and bullish news overnight. Weekly US wheat export inspections were better than expected at 407.6kt. The sharp decline in values last week is more likely to show up in weekly sales data than shipping data for a week or two. The shipping data may...
Read More: 23/5/23 Prices

22/5/23 Prices

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There are mixed signals in the US corn market. Chinese cancellations this week may not have been as simple as China washing out to buy S.American corn. Some reports overnight appear to be blaming the lack of ability to supply US corn at the time of loading. Some analysts...
Read More: 22/5/23 Prices

19/5/23 Prices

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Hard red winter wheat futures at Chicago took a beating last night. From the outside the move appears to fly in the face of the data coming out of the crop tour of Kansas. The market is doing its thing though. US millers are looking for alternatives and finding...
Read More: 19/5/23 Prices

18/5/23 Prices

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There it is, the news that everyone expected but futures markets never factored in…apparently… The headlines sum it up, “Grain Futures Sink On Black Sea Grain Deal”, yes ladies and gentlemen, the extension of the Black Sea grain corridor came as a surprise to the futures market…..seriously…. Was it...
Read More: 18/5/23 Prices

17/5/23 Prices

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The Kansas wheat tour is under way this week. The easiest way to follow it is on Twitter #wheattour23. As expected, NE Kansas is seeing some of the better crops but there are a few crops showing frost damage there. Yields are estimated as the go from field to...
Read More: 17/5/23 Prices