The punters are starting to take a stab at US corn and soybean acres for 2021. The numbers so far seem to represent an increase in area for both grains. If trendline yields are achieved it would also see close to, if not, record production of both corn and...

The Aussie dollar is sharply lower against the Asian currencies and back a little on the USD, Sterling and Euro. The AUD found pressure from a number of outside influences. The decision by NZ to remove tax incentives for real estate investment was a major influence, obviously more so...

Canadian and US cash grain values were mixed overnight. US soybeans basis was flat to firmer with cash bids out of the Gulf around US$540 per tonne FOB. Cash bids out of mid Arkansas for old crop #2 soybeans was around US$527, with a discount of US$72 for the...

An optimistic weather outlook in the US had wheat back on the chopping block while corn and soybeans found support from the bargain hunters after yesterday’s sharp drop in CME futures. With US energy markets closing in the green the spill over support for both corn and soybeans was...

US and EU grain futures were all lower in overnight trade. The US grains fell under the pressure of a collapsing soybean contract. Soybeans were weaker on the back of the better weather in Argentina and the falling energy market. A 7.5% reduction in crude oil futures due to...

US futures were again mixed but generally trading lower. Wheat and soybeans in the nearby and outer months were lower while corn found support nearby but struggled to carry that momentum into the outer months. The weather forecast in the US remains good and crop ratings are not atrocious....

Generally international grain futures in the US and Europe were flat, +/- a little depending on the grain. The market moved in a non-convincing manner in either direction for most grains. US corn was about the only grain that showed a pulse to measure closing up AUD$2.16 per tonne....

Cash bids in SW Saskatchewan were steady with spring wheat bids following futures markets higher. Durum was flat while canola bids ex farm SW Saskatchewan were also flat to slightly softer. Mid-grade spring wheat was firm, gaining C$8.85/t for an April lift. New crop durum out of the Prairies...

A nothing night in US grain futures. Further technical selling in wheat, corn and soybeans resulting in a flat to softer close. Technically the US wheat futures markets continues to look more like a buy than a sell. March 21 will roll off the board tonight and volume will...

Chicago wheat failed to follow corn or soybeans higher overnight, instead closing not far off the sessions low. The stochastic for May21 SRWW at Chicago continues to indicate a very oversold market. This kind of chart often signals some buying and a price recovery is just around the corner....