Chicago corn futures smashed through the 700c mark last night closing at 740c/bu (AUD$378). That’s a 200.75c/bu (AUD$102) increase since this time last month. Our local sorghum value, a product traditionally hedged using US corn futures, as Chicago corn...

As Chicago futures are fundamentally supposed to converge with cash values as they near expiry we have seen some decline in values overnight. Futures may well be a little over cooked when compared to cash prices and the May...

US grain futures were back to double digit gains overnight, wheat, corn, soybeans and canola futures were all higher. Reductions to the late corn crop in Brazil appear to be the key to the rally in US corn futures...