US wheat futures surged higher in overnight trade as rumours that Russia is going to limit annual wheat exports to 30mt circulated. This represents a 5mt reduction on the current 18/19 export projection of 35mt which Russian officials are...

The US punters took the rumour based rally of Friday night as a good opportunity to sell, maybe it was simply a matter of someone talking their book in order to profit, how unlike the grain industry. Chicago and...

US and European wheat futures closed lower again overnight. The last two session has seen 32c/bu (AUD$16) peeled off December 2018 CBOT soft wheat futures. Technically this is pushing wheat into a very oversold position. The punters are holding...