The technical side of the US futures market ruled the night yet again as many punters continued to clear short positions in the wheat pits. All three US wheat contracts closed higher dragging corn along for the ride. Soybeans...

Fundamentals across the USA wheat belt remain favourable for wheat production, warmer weather east of the Rockies and good soil moisture is likely to see the winter wheat come out of the freeze in almost ideal condition. Very early...

With ABARE increasing the Aussie wheat estimate to 35.13mt we did see a little pressure on US futures overnight. It goes to show that rain makes grain. The previous record of 29.91mt in 2011 was well and truly smashed...