It was all happening at Chicago last night, US grain futures closed sharply higher. Corn and soybeans dragged wheat higher, all making significant double digit gains by the close. Corn and soybeans found support from the rapid deterioration of the G/E condition rating in the weekly USDA crop progress...

It’s interesting in the US grain futures at the moment for two reasons. Funds were short futures, very short, up until the recent rally in wheat, corn, and soybeans. Weather condition in the US central corn belt deteriorated quickly. This prompted a bit of a rush for the door,...

The US had another Monday off last night. Looking across the active grain futures markets we see London feed wheat was flat to firmer. Paris milling wheat was higher across the board, new crop Dec 23 putting on E3.00 per tonne. Paris corn was firmer, but we did see...

It’s all about the dry weather in the central US corn belt this morning. The “I” states, Iowa, Illinois and Indiana, account for 40% of the US corn crop and 28% of the US soybean crop, so what happens in these three states is important to the US markets....

Someone pulled out the defibrillator at Chicago last night. Wheat, corn, and soybeans were all sharply higher. Social media had photos of a bunch of half dead corn in Illinois, and 25cm high spring wheat going to head in Minnesota posted last night. Is the rally a response to...

There’s not a lot of green on the futures board this morning. US wheat and corn were lower, soybeans were mixed. Both Paris rapeseed and Winnipeg canola were lower, Paris sharply so. The move in Paris when taking the move in the AUD / Euro into account is worth...

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...