It was all about the US quarterly stocks report last night. Corn and soybean area was reduced thus stocks month on month came in much lower than the lower trade estimates prior to the report’s release. The funds, which had been big sellers over the last couple of weeks,...

Corn futures at Chicago found some support around speculation on the up-coming quarterly stocks report. The usual rumour, talk of further Chinese corn purchases, was also pushed about to create more interest. Corn was also aided by increases in the energy market with oil, gasoline and diesel moving higher....

In the USA wheat futures were hit pretty hard overnight. All three grades registered significant losses. Soft red winter wheat and surprisingly spring wheat were hit the hardest. It’s the middle of harvest in the USA, it’s to be expected. On the cash side of their market bids were...