The weekly USDA crop progress report was out after the close of business at Chicago. The publication shows corn planting is just 3% against the average of 2%, very early days as yet. Most of that action is happening south of Nebraska, with Iowa and Indiana yet to plant....

The punters appeared most active in soft red winter wheat futures at Chicago, the nearby May contract making some good gains by the close. Higher grade hard red winter wheat and spring wheat saw less volatility. Fundamental strength was said to have came from rising tension in the Black...

Paris rapeseed futures were hit pretty hard last night. After gaining over ten euros in the last couple of sessions that and a little more taken back last night. The nearby May contract shed E11.25 / tonne. Taking the move higher in the AUD unto account the fall in...

US wheat, corn and soybean futures were back in the black last night. Hard red winter wheat futures at Chicago the clear winner. As a turn around from the last few session HRWW futures managed to close 17.25c/bu higher (AUD$9.65/t). A mixture of short covering and fundamentals pushed the...

At Chicago, wheat, corn and soybeans all closed lower. The wheat rally from last week now a distant memory. The improved outlook for the HRWW belt saw Kansas futures shed more in value than either the soft red winter wheat contract or the spring wheat contract at Minneapolis. Cash...

April sees the first of the USDA weekly crop progress reports hit the email. Being the first it’s not massively interesting as the trade generally track week on week variances, but it does give us an insight into their crops as we move through their spring. With little summer...

The slight rally in US wheat futures was not generally reflected across the Paris milling wheat contract. The move in US wheat wasn’t anything to write home about but the fact it broke away from pressure from a lower corn and bean market at Chicago can’t be viewed as...

Winnipeg canola futures and Paris rapeseed futures took a break from the trend higher of the last few days and pushed sharply lower last night. Taking the AUD / Euro move into account the fall in nearby Paris rapeseed futures is worth roughly -AUD$8.16 / tonne this morning. With...

The clear winner in last nights futures markets was veggie oils. Canola and rapeseed futures took back any weakness shown on Thursday and Friday and some. The Chicago soybean contract was also higher, closing up 16.75c/bu on the nearby. Canadian canola cash bids ex farm SE Saskatchewan jumped in...

Chicago soybean futures stumbled last night, putting pressure on both Paris rapeseed and Winnipeg canola. The weaker AUD countered the move at Paris but couldn’t counter all the weakness at Winnipeg. Indicating a day to day decline, in AUD / tonne when taking the move in the AUD into...