With a USDA WASDE report out tonight the markets continued to see long positions liquidated putting pressure on US grain futures overnight. Wheat, corn and soybeans all closed lower. Higher grade wheat was hit hardest as it had been the most heavily speculated in recent months. The weaker futures...

The US futures market continue to “square up” somewhat as we move towards the September USDA WASDE report due out on Friday, US time. The report is not expected to have too many surprises. The Canadian wheat stocks report did scare the market though, much higher than the punters...

Labor day weekend in the US and Canada sees no data from N.America to fuel the market this morning. Further to the comments on low grade French durum wheat yesterday we should also be aware that their milling wheat is not breaking any quality records either. Last year 98%...

In the US futures market we see soft red winter wheat at Chicago relatively flat while the higher grades of wheat were a little firmer by the close. Minneapolis spring wheat lead the way higher gaining 13c/bu (AUD$6.41) in the December contract. Across the border in SE Saskatchewan PDQ...

US corn futures bounced a little on technical trade. There was relatively little to no positive news for US or world corn prices overnight. Sales cancellation for US corn to both Canada and China made for an abysmal weekly US sales report. News China is also cancelling corn from...

China appear to be playing their usual game in the corn market. Cancelling US orders, cancelling Ukraine orders, increasing the volume of unshipped US orders. Simply playing the game China is renowned for playing. The market speculation is starting to lean towards further defaults from China thus the S&D...

The Stats Canada data is out and it going to set the durum price on fire. Canadian durum production now estimated at just 3.99mt. There was a surge in local cash prices across SE Saskatchewan on the back of the data. PDQ report gains of C$64.99 per tonne for...

Cash bids across SE Saskatchewan were generally a little softer overnight. Durum prices continue to show plenty of resilience with cash bids generally slipping no more than a few cents per tonne. Spring wheat values were back C$2.90 for a December lift while canola showed the most downside with...

The early rally in the US dollar opened the gate for profit taking, the US dollar slipped quickly closing the session at a multi week low against a number of currencies. Talk of the US Fed reducing bond purchases later in the year seemed to be the key to...