At Chicago both corn and soybean futures managed to claw back some of the recent losses while wheat continued lower. The path for US wheat futures in the short term, at least until we get through the next couple of days, is probably sideways. Wheat futures are torn between...

Futures markets in the US were down overnight. Corn and soybeans were sharply lower while wheat was caught up in the selling / profit taking resulting in a lower close on all three US grades of wheat. Some punters are arguing that the USDA data did not reflect the...

Looking at the USDA WASDE report this morning shows a nice reduction in world wheat ending stocks, from 313.19mt in January to 304.22mt. Interesting to see that the world production estimate was actually increased 800kt to 773.44mt. A 9.78mt increase in domestic use seems to be the key to...

A winter storms has seen cold weather push across the northern mid-west of the USA covering Montana, North and South Dakota, Minnesota and parts of Iowa and Illinois. The mercury dropped to as low as -35C across Minnesota. Further south in the HRW belt of Kansas and Oklahoma overnight...

All the wires are still rambling on about the weekly US corn sales to China, a new record weekly sales volume. Looking at it on a chart it is indeed an impressive spike. It does reveal a number of different things that need to be considered when dealing with...