Russia picked up the Egyptian tender earlier this week with 415kt of milling wheat being booked at an average price of US$264.91 CFR for Feb / March. Some punters were expecting to see US or even EU wheat get a look in on this tender but Russia continues to...

US wheat futures were helped higher by large weekly international tenders. The general sentiment was the need to see a USDA report to gain further direction but in the absence of the monthly reports the market looked at increasing global demand as a reason to push prices slightly higher....

Wheat futures traded a narrow range to closed mostly flat to lower for the session. There was some technical trade but let’s just call in buy the rumour sell the fact for now. The technical guys are punting around the USDA WASDE report. I think a more exciting punt...

As expected weekly US wheat export inspections were poor. It did have a negative impact on wheat values but it wasn’t as big a deal as those looking to sell were making it out to be. At just 260kt it is indeed well below the weekly volume required to...

Technical buying continues to assist US wheat futures higher. The punters are trying to underpin this rally with thoughts of increasing US exports as Black Sea volume declines over the next couple of months. Without the USDA reports coming out of the States to back up this assumption the...