Lots of green across the screen this morning. US wheat, corn and soybean futures all closing higher bar nearby corn. Nearby corn is at a huge premium to the new crop so we might expect to see some convergence in the July slot between now and expiry. Chicago soft...

US wheat futures were mixed but generally took a breather from yesterday’s sharp losses. Soft red winter wheat futures closer a smidge firmer, HRW was also a little firmer on the nearby but crept lower in the outer months. Spring wheat continued lower as did Chicago soybeans. The weaker...

It’s a sea of red out there again today. Technical Tuesday, call it what you will but the sellers were firmly in control last night. Wheat, soybeans, corn, rapeseed and canola, all seeing double digit losses. Chicago soybeans, thus rapeseed and canola, appeared to fare the worst. Soybeans have...

No US data this morning as Monday was a public holiday in the States. ICE and MATIF futures markets operated, while London joined the US in a day off. The Paris corn market was generally lower bar some movement either side of unchanged in the new crop futures. Milling...

US and European grain futures were firmer in overnight trade. Chicago SRWW played catch up to the HRW and spring wheat markets. Both CME corn and soybeans were also higher. It was good to see both Winnipeg canola and Paris rapeseed futures closing higher. The move in Paris rapeseed...

Viterra (Glencore) and Bunge are in talks, considering merging. Reuters report that their information confirms the talks are in early stages and are not yet predicting that this is a done deal. Bunge is valued at US$13.4Bn. Recent years have offered grain trading company huge profits, many seeing year...

Paris rapeseed futures traded higher overnight, new, and old crop futures, making some good ground against the trend in Chicago soybeans. Winnipeg canola futures were softer. Some good rain in parts of Alberta were viewed as favourable for the Canadian crop. Local, new and old crop markets, have generally...

It’s hard to talk the wheat market up at present, this time last year we had the Russian invasion of Ukraine blocking Ukraine exports out of the Black Sea and the “world was going to starve”, India was going to save the day, that went pear shaped. Then the...

US wheat found both bearish and bullish news overnight. Weekly US wheat export inspections were better than expected at 407.6kt. The sharp decline in values last week is more likely to show up in weekly sales data than shipping data for a week or two. The shipping data may...

There are mixed signals in the US corn market. Chinese cancellations this week may not have been as simple as China washing out to buy S.American corn. Some reports overnight appear to be blaming the lack of ability to supply US corn at the time of loading. Some analysts...