Hard red wheat futures in the USA continue to reflect the plight of the trade finding it hard to market a low protein crop. The normal consumer for HRW is looking for a product about 12.5% protein but the soft finish this year has seen protein’s average in the...

US grain futures closed in the red yet again, led lower by soybeans. The short term heat in the US is expected to give way to ideal conditions for filling summer crops next week. This paved the way for technical selling. Currency traders seem transfixed with the inversion in...

Although wheat futures in the USA staged some kind of recovery after the demise in corn futures dragged values lower earlier in the week it was not enough to stop a week on week decline in values. Although SRW and HRW futures are now basically at the value they...

Generally Russian wheat offers were flat to lower in overnight business. Egypt did pick up 295kt of Black Sea wheat at US$201.07 FOB and US$217.48 CFR which was a little less than their last purchase. The lower sales value in Ukraine and Russian wheat rippled through US wheat futures...

At Chicago corn futures tried to bounce early in the session but gave way to further selling late in the day to close lower. This see’s corn futures for December shed 47.5c/bu since Friday, just under AUD$28 a tonne in three sessions. Talk of recession in the US created...

All eyes remain on corn futures at Chicago as the selloff continued overnight. The demise in corn prices wasn’t isolated to futures values in the US with cash basis also slipping between 1 – 10c/bu. The move in cash does tend to indicate that the cash market is not...

The USDA delivered a hard blow to those punting corn futures higher. The latest WASDE report that came out in the States overnight was bearish corn. Corn futures at Chicago were limit down after the USDA only reduced sown acres by 1.7million bringing the total US crop sown to...

With the USDA report out on Monday morning US time it was basically the last chance for the punters to get their ducks in line. Most grains had a pretty ho hum session but soybeans did manage to find a little upside putting on 8.75c/bu, just under AUD$5 /...

According to the guru’s the ENSO is now neutral and is expected to stay that way through the next 6 months. Condition in Argentina have begun to dry with parts of Buenos Aires becoming dry enough to get a mention in the international wires. Argentina had expected to harvest...

In the US futures market it appears to be all about positioning ahead of next Tuesday’s USDA World Ag Supply & Demand Estimates report. The punters seem to be falling into line predicting reductions in both corn and soybeans. Technically Chicago corn for the December slot is approaching neutral,...