There’s a few stories keeping the wheat market on the defensive. Head scab in the HRW crop in the US, dry hot weather across much of the Volga Valley in Russia and east into the spring wheat regions of Kazakhstan. There’s a heatwave expected across much of France, Poland...

It seems to have been a night of profit taking in the USA. With grains lower across the board. There are some weather models predicting warmer weather across parts of the US corn belt next week. This should assist what is in the ground to start to recover from...

Delays in US corn and soybeans lead the markets higher. Soft red wheat and hard red wheat futures followed but spring wheat futures were softer. US spring wheat condition is pretty good apart for some dryness creeping into NW – N.Dakota and some parts of Montana. The seven day...

The prospects of better weather in the US was one of the reasons markets were lower overnight, well according to one or two market wires they are suggesting that’s the case. I’m not sure what these analyst do other than imagining things while blowing the froth off their morning...

Profit taking across the board in US futures, except soybeans, the late plant has the bean market on edge still. The big question with the US corn progress report is the base numbers. It’s safe to assume that the current crop planting progress is based off the recently amended...

Soybean futures lead US row crop futures higher. The major concerns for corn are now becoming the major concerns for soybeans. Wheat has managed to avoid most of the major issues thus far but disease may play a major role as the headers start. Back to soybeans, further rainfall...

Cash basis along the Mississippi continues to climb as barge delays are expected to last for at least another week. Corn was offered for sale from the producer at US$168 ex farm Nebraska. This signals a basis of around 28c/bu under nearby. Corn futures at Chicago closed out a...

US corn futures shrugged off poor weekly export sales data to close higher. The prospect of more rain in an already saturated eastern corn belt has the punters thinking what corn is in the ground is what they’re going to end up with. The key to it all now...

The forecast in the USA has turned wet again. With Tuesday’s crop progress report suggesting just 60% of US soybeans had been sown up to the end of the week prior. This leaves soybeans exposed to acreage cuts similar to what we have seen in US corn acres. The...

The USDA report: Projected US corn acres sown has been reduced by just 3mt to 89.8mt. The big move was in the projected yield. Last month the USDA had pegged an average yield of 4.47t/ac, this month we see the yield estimate lowered to 4.22t/ac. The final production estimate...