The punters were more concerned with what the USDA might do with corn and bean production in tonight’s USDA report than any physical fundamental news in last night’s markets. More good sales of US soybeans were reported overnight and Germany joined the list  of EU states cutting wheat production....

With a WASDE report due out off the US on Friday the market seems pretty happy to tread water at present. Wheat at Chicago, Kansas and Minny were all trading a very narrow range overnight and corn pushed 3c lower. Soybeans were a little more active but ended the...

Soybeans in the US closed higher on the back of what is shaping up to be a another massive week for US sales. Corn found support from a single sale but continues to struggle as what appears to be a big US corn crop approaches harvest without any major...

US wheat futures closed higher on further short covering and speculation America (not Russia) has a chance to fill the supply void being left by an ever decreasing supply of wheat from France. Overnight French officials reduced expected yields to a 30 year low of 5.57t/ha, the lowest since...

US soybean futures were the only grain that came out of last night unscathed. Over the last seven day the US has sold 2.3mt of soybeans, that’s a lot. During the same seven days the CME soybean contract for Sept has fallen 42c/bu. US wheat futures continue along the...

US wheat futures closed higher after setting ten year lows on Tuesday. Technical buying saw the bottom pickers in buying up cheap contracts and funds covering exposed shorts. Fundamentally nothing has changed and wheat will continue to struggle as the world consumes what is likely to be another record...

The RBA just can’t take a trick can they. They cut interest rates 0.25%, the AUD/USD drops almost immediately, job done, no not quiet. The Japanese come out and ruin it all. The USD ended the session much weaker against all currencies benchmarked against it. The consensus is that...

Outside markets, lower crude values, a good US weather map and a stronger USD all had grain futures struggling to stay in the black. Soybeans were hit worse, the lower oil values didn’t help but the main killer there was the better weather outlook. Both the US corn crop...

A sharply lower US dollar and good weekly US export sales of soybeans saw beans drag corn and wheat higher in overnight futures trade. Canola futures at the ICE saw gains but not of the magnitude in the soybean pit. Paris rapeseed was mixed with futures closing either side...