The USDA weekly crop progress report was out after the close. This weeks report has corn pegged at 62% sown, 6pts above the average. Soybeans 48% sown, 5pts above the average. Sorghum at 26% sown, bang on the average, and spring wheat at 66% sown, well above the average...

The Canadian spring program is progressing nicely, as of May 5th data confirming the state off to a good start . Across SW Saskatchewan, prime durum country, sowing is ahead of schedule with around 44% of the projected acres now sown. Saskatchewan durum is estimated at 33% sown across...

A stronger US dollar, and better crop ratings for the US winter wheat crop continued to hurt their futures market. The weaker AUD went some way to buffering the decline in futures, but may not cover it all. Further technical selling leading into next weeks USDA WASDE report was...

The question today, and probably for a while now is, is US wheat cheap? The answer is probably yes, but to have a closer look and confirm this we may need to know the feed grain ration calculations for both US feed grain consumers and export feed grain consumers....

The nearby moves on both Paris rapeseed and Minneapolis wheat futures were good examples of being on the wrong side of things as the nearby contract moves close to expiry. Nearby May Paris rapeseed had been much higher than the next slot, August, and failing to converge for some...

The weekly US crop progress report is out. The numbers are good, soybean and corn sowing is progressing very quickly, beans 18% in, and corn 24% sown. 15% of the cotton crop is also in the ground. Sorghum sowing is estimated at 21% complete just ahead of the 5...

International futures and cash markets were generally sideways to a little firmer overnight. Outer month Chicago corn futures closed in the red, the consensus there being that US acres are more likely to increase than decrease. Rainfall over the last 7 days in the US has been good across...

International wheat futures were sold lower overnight. US and EU futures markets shed value, the EU markets were sharply lower. Paris milling wheat shed €2.75 / t nearby and €4.00 / t in the December slot. One of the harder hit contracts was London feed wheat, back £5.40 /...

The Aussie dollar is mixed, stronger against the US dollar but weaker against a raft of other currencies including the Euro, CAD and Yen. The strength in the AUD against an imploding US currency has a few of the punters perplexed. At the end of the day the AUD...

As one market wire states this morning, “the bears are in control today”. US futures were softer across the board bar HRWW futures, which appears to be torn between following the rest of the grains lower and the weather forecast. The forecast for the USA still looks a little...