Double digit losses in Chicago soybean futures weighed on the market last night. The weaker close was attributed to profit taking. The weekly export data out of the states was fundamentally supportive but whose to stand between a fund manager and some end of month profit taking. Weekly US...

US grain futures were lower across the board last night. All three wheat grades, corn and soybeans all slipped lower by the close. The row crops were generally lower on the back of technical selling while US wheat values appear to be having a reality check. Soft red winter...

In the US corn futures at Chicago were lower. Soybeans and wheat were smashed with Dec20 SRW futures slipping 20.25c/bu (AUD$10.30/t). What goes up must go down. Soft red winter wheat at Chicago put on 44c a bushel last week (AUD$22) on the back of fairly fragile fundamentals and...

Wheat and soybeans ruled the roost at Chicago overnight both closing with double digit gains. US traders reported another 210kt corn sale to China. As pig numbers in China begin to build back to pre ASF numbers demand for feed grain will continue to increase. The season hasn’t exactly...

US grain futures were higher overnight. Chicago soybeans lead the way but wheat wasn’t far behind. Corn struggled to keep up but did manage to close in the black. Currency is flat as a tack. Strength in US soybean futures came from good US sales volume and continued weather...

If 2020 wasn’t strange enough we see 60kt of Polish wheat featuring in the latest Egyptian tender. With recent increases in Black Sea values some EU ports are now competitive into the Middle East. Offer values on this tender vary greatly with Glencore offering Russian wheat at US$244.10 FOB,...

In the US futures market it was basically a session of technical trade centred around taking profit from a rally which basically started around mid-August. The fundamentals were not bearish, export data out of the states isn’t poor, it was simply profit taking time. A few punters in the...

US grain futures were generally firmer apart from some technical selling in nearby corn and spring wheat futures as the Sept contract nears expiry. The Platts APW FOB Aussie wheat contract was weaker in the Jan 21 slot (still untraded though) closing at US$243 / tonne. This would equate...

It was a USDA World Ag Supply and Demand Report night last night. Soybeans were the big winner with the report lending a helping hand to a market that was already steaming ahead on lower US yields and increased sales volume. Soybean futures at Chicago pushed above US$10/bu for...

According to the wires the discovery of swine flu in a wild boar in east Germany may lead to increased demand for US pork, thus higher feed usage as hog stocks increase to fill the additional import demand. Futures markets are fuelled by speculation are they not. Cash bids...