The USDA weekly US crop progress report was out overnight. One interesting number is the percentage of the corn crop rated good to excellent. At 76% it’s the second best June 1st rating in the last ten years. The corn crop is also 95% sown, 7% ahead of the...

Memorial Day holiday in the USA saw the markets there closed overnight. Looking at futures markets that were open we see Paris milling wheat was up €2.50 on the nearby to €213.75 per tonne while the December 21 contract was up €2.75 to close at €212.50 per tonne. Still...

Spring wheat futures at Minneapolis closed in the black, unlike both soft red and hard red winter wheat at Chicago. The dry weather across the US spring wheat belt and Canadian prairies is helping to provide strength in the higher grade wheats and potentially the durum. Cash bids across...

Corn lead the US grain futures market higher overnight. Corn was over-sold, it was due for a technical correction anyway and the size of US weekly sales were just the catalyst required. During the week reported the US sold 556kt of old crop corn and a massive 5.69mt of...

At Chicago corn found support from the bargain hunters while soybeans and wheat continued lower. Some nice follow up rainfall is predicted across the US Mid-West over the next 7 days. Totals up to 75mm across the western corn belt and central soybeans districts will go a long way...

Algeria are looking for offers to buy at least 50kt of durum today. The long term storage capability of durum has made it a firm favourite during lockdown for many EU families. This has seen an increase in demand across Europe and the USA. Italy alone saw an increase...

A better outlook for US spring wheat and row crops put some weight on prices last night. The last seven days has seen useful falls along the Mississippi valley and east of the Rockies across western Kansas, Nebraska and the Dakotas. The central corn belt and southern soybean regions...

There are a few things at play in the international feed barley market that may help drag Aussie values higher over the next couple of months. The main one being the pace of Aussie exports. To date around 6mt of barley has been booked for export. With around 12.7mt...

Cash bids across SW Saskatchewan were generally lower yesterday. Durum finding the most support of the grains, now showing a premium over spring wheat in both the new crop and old crop. The average ex farm bid across SW Sask was C$293 for a Dec21 lift. On the back...

Wheat and soybean futures at Chicago were down sharply overnight. Corn faired a little better with minimal losses. The selling in the Dec21 wheat contract has continued into the overnight session there. Looking at the charts wheat for the Dec slot is now very much over sold. A stark...