The screen has a lot of green on it this morning. US wheat, corn and soybeans at Chicago are all higher. There are gains in EU milling wheat and London feed wheat. Paris corn futures were either side of unchanged, and Paris rapeseed closed up €4.00 in the February...

Winnipeg canola and Paris rapeseed futures rejected the recovery process going on in the Chicago wheat, corn and soybean pits. Instead plotting its own course lower. Winnipeg canola futures shed CAD$8.80/t in the January 2027 slot while Paris rapeseed fell €6.00/t in the February 2027 slot. WTI crude oil...

The US weekly crop progress report was out overnight. Not that anything in that report was likely to change the direction of the US futures market. A sea of red is on the screen this morning. Wheat, corn, soybeans, US grains all sharply lower. End of month positioning, probably....

US wheat futures pushed lower. There doesn’t appear to be enough punters happy to stand in front of a fund manager with a sell order and argue about fundamental support just yet. Will talk of higher interest rates in the US bring buyers back to grains, the traditional hedge...