With the March contracts rolling off the board don’t take a lot of notice of the nearby futures numbers. It is encouraging to see the May 19 contract for SRW at Chicago up US5.5c/bu (AUD$2.88) but the guys growing HRW must be starting to wonder why they are bothering....

The marketing term  “dead cat bounce” comes to mind this morning. It’s doesn’t matter from what height the cat is thrown, if it’s dead it may still bounce but it ain’t going to get up and run away. That sums up the US wheat futures market pretty nicely at...

Remember when a 20c/bu rally in wheat was a frost event, widespread rain at harvest, a critical data correction in a USDA report, a huge export order from a buyer like China. Well welcome to the world of 20c rallies in wheat due to technical buying. Yep, the wires...

Wheat, corn, soybeans, they are all lower at Chicago this morning. Wheat was hit hard again taking another dive with both CME products slipping over 10c/bu (AUD$5.50/t). Minneapolis spring wheat futures fell around 3c/bu on the May contract. Weakness in soybeans rolled through to a softer close in ICE...

The USDA report was considered as bearish wheat, or even more bearish than some of the punters had anticipated. World ending stocks were jacked up to 270.5mt an increase of 3mt. The biggest hit came from an increase in US ending stocks thanks to slow exports, an increase of...

US soft and hard red winter wheat futures at the CME were hit hard again in overnight trade. The SRWW move when reflecting the USD / AUD exchange rate will come in close to $5.00 lower if reflected in new crop wheat values here. The recent sharp decline has...

CME soft red wheat futures in the USA set a 13 month low in overnight trade. The funds were not as completed with their massacre of wheat futures as what the analysts had expected and managed to crush nearby wheat another 2.5% last night. The pessimism is generally US...

In the USA wheat and corn futures were generally higher on technical buying. China trade talks continue to be the driver but in all honesty if they came to an agreement on anything in the next 12 months it might be considered a win. A fundamental trader would be...

US wheat futures were generally flat to softer. Talk of bigger US spring wheat acres to be sown took the edge off the HRS wheat contract at the MGEX, HRS was the only grade to find some upside in recent days. There is talk of increased durum acres in...

The US futures markets generally followed the path of least resistance. Soft wheat futures slipped further while spring wheat actually made a few gains across the board. The HRW contract saw some upside nearby but slipped in the outer months. Corn and soybeans were both softer. Beans lead both...