US grain export sales remain modest. Soybeans came in over the higher end of expectation, 1.034mt is a good effort. Much better than wheat at 289kt and corn at 536kt. Sales don’t equate to loadings though, so the market generally takes less notice of the sales number than it...

The US markets fell away on US centric data last night. It’s a little hard to see how this data wasn’t predictable given the reporting system in the US, but hey, the bulls need feeding every day right. Corn futures fell sharply, weighing on all grains at Chicago. The...

The CME sorghum basis futures contract is up and running, volume is minimal at this stage, just a few trades per day at present. The product is simple, a basis to the corn contract. It’s a 5000bu contract, in USc/bu, the code is MILO and it’s deliverable. It settled...

Black Sea wheat exports, Russian and Ukraine, remain half of what they were this time last year. This is the key to wheat at present, any change to this and it could have a big impact on values. The 50% pace is actually better than some analyst were projecting....

The Xi / Trump meeting produced little news for the US farmer to be bullish about. There’s the usual “it was a great meeting” rhetoric but there’s nothing out there for the media or the trade to sink their teeth into just yet. The market took the “no news”...