The sharp surge in US wheat futures in the previous session triggered a little profit taking overnight, pushing futures lower. Technical positioning prior to the release of this week’s monthly USDA World Ag Supply and Demand Estimates was also evident. Fundamental weakness for wheat was found from talk that...

What a market, you can be 100% bearish in the morning and then 100% bullish by the afternoon, and you don’t even need to be wrong to have that change in sentiment. Whenever politics is in control of something you can bet on one thing, volatility. The markets took...

Bargain hunters were in the mix last night, picking up corn and soybean futures at Chicago thus lending a hand to the wheat market. The main three US  wheat grades were higher by the close, not jumping up and running away but firmer. The value of the rally in...

The strength in the US dollar triggered a round of technical selling in US grain futures. Wheat, corn, and soybeans futures at Chicago all closing lower. The weaker soybean market spilt over into both Winnipeg canola futures and Paris rapeseed, both closing lower. Paris for the Feb slot was...

US futures markets were generally flat to firmer, bar soybeans which slipped 13c/bu on the January contract. It is harvest time for US summer crops and the level of competition the US is facing from both Brazil and Argentina in regards to corn and soybean sales is hurting the...

Algeria picked up 300kt of wheat on Friday, the majority being Russian. Approximately 180kt of the tender is Russian wheat from the Black Sea. Other supply destinations included Bulgaria, France and Ukraine with 30kt each. Algeria is also in the market for 50kt of durum wheat, this tender closing...

US wheat and corn futures pushed higher on Friday night after the USDA quarterly stocks report through up some interesting numbers. Corn stocks were lower than expected pushing corn futures. Wheat saw a good rally in futures but this wasn’t on the back of stocks being vastly different to...