Corn and wheat futures at Chicago have been overbought for some time now but last night’s “correction” ahead of the USDA report may go some way to seeing a decline in the massive speculative longs built up over the...

Corn and soybeans futures at Chicago dragged wheat higher in overnight trade. The punters are backing a significant decrease in both ending stocks or corn and beans thus the dip in futures on Monday was viewed as a buying...

The USDA World Ag Supply & Demand report dominated last night’s markets. A brief look at the report reveals the following points of interest. Wheat: The USDA’s first stab at the 2021-22 crop is out. Global production is estimated...