Canadian ending stock for wheat, although “low” were not as low as the punters expected. The number came in at 6.18mt versus a trade guess of 5.2mt. Canada had taken advantage of the poor Australian season and increased exports...

Australian production estimates proved to be a key driver in global wheat values overnight. ABARES produced a wheat production estimate well under the June prediction but still much high than most optimists are expecting to see. At 19.2mt it...

US grain futures closed higher in overnight trade. The strength was said to be attributed to a drop of 3% in the G/E rating for corn in yesterday’s crop progress report. Technically corn futures at Chicago are very oversold...