Corn futures at Chicago continued to be pressured by a better weather outlook for the central corn belt. There were reports of strong winds associated with a severe storm that crossed SE Iowa, central Illinois, and southern Indiana, possibly laying large swaths of corn flat. This should be confirmed...

Another ugly night in the world futures markets. Corn futures at Chicago were hit hard for a second session, soybeans followed, back 30c/bu (AUD$16.70) in the new crop and 44c/bu (AUD$24.50) nearby. Wheat was again caught up in the action, dragged lower. Even the HRWW contracts was lower, shedding...

It’s a bit ugly out there in the global grain futures market this morning, no green anywhere. US corn, wheat and soybean futures were sharply lower. Paris milling wheat futures and London feed wheat futures also fell away. The weaker soybean market at Chicago spilled across as losses in...

To tell you the truth I wasn’t sure what to expect after the weekend’s effort. For anyone to think they have half a handle on what is likely to unfold in the Russia / Ukraine war they’d have to be dreaming, maybe a vodka fuelled nightmare would get you...

Chicago corn and soybean futures were sold off last night, dragging wheat lower just as it had dragged wheat higher earlier in the week. The US weather map is looking better, not great, just better, for the central corn belt. The fall in corn futures at Chicago was probably...

Corn futures at Chicago took a breather, soybean futures took it one step further and crawled off to the spare room for a nanny nap, leaving the party to the wheat punters. SRWW continued to chug a little higher, less corn potentially equals more SRWW demand, I guess. At...

It was all happening at Chicago last night, US grain futures closed sharply higher. Corn and soybeans dragged wheat higher, all making significant double digit gains by the close. Corn and soybeans found support from the rapid deterioration of the G/E condition rating in the weekly USDA crop progress...

It’s interesting in the US grain futures at the moment for two reasons. Funds were short futures, very short, up until the recent rally in wheat, corn, and soybeans. Weather condition in the US central corn belt deteriorated quickly. This prompted a bit of a rush for the door,...

The US had another Monday off last night. Looking across the active grain futures markets we see London feed wheat was flat to firmer. Paris milling wheat was higher across the board, new crop Dec 23 putting on E3.00 per tonne. Paris corn was firmer, but we did see...

It’s all about the dry weather in the central US corn belt this morning. The “I” states, Iowa, Illinois and Indiana, account for 40% of the US corn crop and 28% of the US soybean crop, so what happens in these three states is important to the US markets....