It was all about US wheat, corn and soybeans stocks last night. The USDA released their quarterly stocks report and it took the market by surprise. In the corn pit at Chicago futures rallied 4%. Domestic US basis stayed flat, prices on the board and at the elevator finished...

In the US corn, wheat and soybean futures all closed lower overnight. Interesting to note that the Platts APW FOB wheat contract at Chicago closed in the black with the Feb 21 slot us US$0.75 /t at US$251.75. This would roughly equate to about AUD$278 ex farm LPP for...

In the US wheat futures at Chicago were a touch firmer while spring wheat futures at Minneapolis were a little softer. Reports of better than average quality and yields out of Canada will weigh on prime grade wheat values in the short to mid-term. Transposing that statement we may...

A flat session for the US row crop futures overnight while all three wheat contracts slipped further. The firmer nature of US soybeans lent support to both ICE canola and Paris rapeseed with both contracts closing higher. With the higher close to canola and the weaker AUD combining there’s...