Helping US wheat futures rebound were reports of higher Russian wheat offers out of the Black Sea and confirmation that Russian wheat stocks are at the lowest level since 2013-14. Weekly Russian wheat exports have been falling away over the last 28 days, with last week the slowest week...

Egypt picked up 120kt of wheat, the lowest being of Ukraine origin at US$210 FOB. Freight to Egypt is pencilled in at US$10.40 per tonne making it a delivered port price of roughly US$220.40. In order to compete into that market US wheat would need to be offered at...

China picked up a couple of cargos of US soybeans overnight, this saw a round of buy beans / sell wheat at Chicago. The USDA weekly crop progress report was out after the close. Corn planting is at 93% and emergence at 78%. The corn crop condition rating improved...

Another session of sell soybeans and buy wheat at Chicago. Soybean futures found no love as USA and Chinese relations continue to sour. Corn futures were also weaker by the close. Wheat futures for SRW, HRW and HRSW were all higher by the close. Dry weather across Saskatchewan, the...

With the closure of the Chinese market for Australian barley exporters will need to look at other markets like the EU, Asia and the Middle East / N.Africa. The flip side for other exporters is a simple question of whether or not China will look to continue to import...

The Chicago grain futures market was very yawn worthy last night with settlements either side of unchanged for most grains. With little fresh news to trade off the punters pawed over the latest USDA weekly crop progress report and came to the conclusion that rain delays in corn planting...

US wheat futures were either side of unchanged overnight, corn futures were flat to firmer while soybeans found a pulse and closed with double digit gains in the July > January contracts at Chicago. Soybeans were a buy early in the session but also found support from a sale...

With the US markets closed it feels like the coffee shop is closed. No longer able to get the stimulus to kick start the day the market simply grinds to a halt or follows the path of least resistance, lower. In the case of ICE canola and Paris rapeseed...

The US Wheat Quality Council done their annual crop tour of Kansas this week with 75 scouts walking through fields in an attempt to come up with a Kansas wheat production number. Average yields were pegged at 47.2 bushels / acre, 3.17t/ha to you and me. This may sound...

Soybean futures at Chicago saw double digit losses on the back of increased tension between US and China over the coronavirus. Technically Chicago soybeans are now neutral to maybe a little oversold, so potentially a repeat of this week next week. Weekly sales volume out of the states were...