US wheat futures fell moderately lower overnight. Bearish data from the US hard red winter wheat crop tour was said to be part of the pressure. The 3 day tour wrapped up with an average Kansas wheat yield estimate...

There are a couple of things at play here, poor weather in Europe and good weather in the US. You may not think that looking at US futures versus Paris futures though. Chicago wheat, corn and soybeans all closed...

Wheat futures at Chicago triggered some technical buy signals overnight, closing above both the 5 & 10 day moving average. The punters are comparing the recent trend higher in wheat values there to the move we saw at the...