Wheat, corn, soybeans, they are all lower at Chicago this morning. Wheat was hit hard again taking another dive with both CME products slipping over 10c/bu (AUD$5.50/t). Minneapolis spring wheat futures fell around 3c/bu on the May contract. Weakness...

Remember when a 20c/bu rally in wheat was a frost event, widespread rain at harvest, a critical data correction in a USDA report, a huge export order from a buyer like China. Well welcome to the world of 20c...

The marketing term  “dead cat bounce” comes to mind this morning. It’s doesn’t matter from what height the cat is thrown, if it’s dead it may still bounce but it ain’t going to get up and run away. That...