US wheat futures took guidance from The Wheat Quality Council spring wheat crop tour results again last night. The WQC tour continue to stress that the US spring wheat crops they are seeing are very variable in yield. The average yield reported was 29.1bu/ac, 1.95t/ha, the lowest estimate since...

In the US we see the first day results of the spring wheat crop tour having an impact on futures values. The weather outlook also had a major influence, no rain predicted for the Canadian Prairies and the US spring wheat belt for the next two weeks. The fat...

The Germans have tried to quantify crop losses from the recent flooding and have put the total production loss at somewhere between 150kt and 300kt. That’s not a lot in the big picture, but the quantity of wheat that could be downgraded due to the weather events across Romania,...

In the USA we see corn and soybean futures a little higher while profit taking continues in the wheat pits at Chicago and Minneapolis. Corn found support from an array of yield projections. From poor yields in the western corn belt to almost irrigated conditions in parts of the...

Chicago soft and hard red winter wheat futures were lower in overnight trade. Global fundamentals are unchanged with issues in spring wheat crops in the USA, Canada, Russia and harvest delays in the EU offering support. After closing higher for the previous six sessions a round of profit taking...

Zhengzhou in central Henan province China has seen up to 617mm of rain over three days. It’s being labelled a 1 – 1000 year rainfall event and has created serious flooding. The region is a densely populated agricultural region with the Yellow River threading through the northern quarter of...

A quick glance at the December charts for corn and wheat at Chicago shows both contracts are relatively neutral at present. Wheat initially found some selling pressure early in the session which saw the bargain hunters in and support pushed the market back above the open before late session...

The weather is certainly playing it’s hand in crop development this year. Drought and heatwave conditions across the Canadian Prairies and the US spring wheat belt. Floods in parts of Europe. We are about 50mm away from a winter flood in many parts of eastern Australia if not been...

US wheat futures continue to rally as the punters are starting to realise that a 4 week dry spell in the spring wheat belt of the USA and the Canadian Prairies combined with some serious heat is about all they can handle. The punters are starting to call the...

The drought across the US spring wheat belt and Canadian Prairies is now the main driving force in wheat futures, as one might expect. If you are not following my twitter account or joined the Dolbel Consulting Facebook group please do. I’ve been sharing the odd picture from the...