The market wires this morning are using the US weather map as a means to explain the sudden down turn in US wheat futures prices overnight. The SRW belt is looking to see a bit of rain this week...

In the US wheat and corn futures were generally mixed without a lot of variation one way or the other. Soybeans slipped 6 to 9c / bu, with the larger moves nearby. We also see ICE canola and Paris...

Well the US Feb spoiled the show last night after doing exactly what the world had expected. Market analyst had factored in an increase of 25 points and that’s exactly what they gave them. The US Fed also suggested...