The three forecasting models used by World Ag Weather .com all tell a similar story for the US and Canadian spring wheat belt. The Canadian model is particularly pessimistic with next to nothing showing for the parched regions of southern Saskatchewan, including N.Dakota and eastern Montana. The GFS model...

US grain futures are harder to pick than a broken nose these days. The spring wheat futures market at MGEX did perform as expected but probably by about half the value one may have considered given such a sharp drop in the condition index in yesterday’s USDA crop progress...

In the US futures market overnight we see Chicago soybeans again firmer. Chinese demand and thoughts that the previous dry weather may have pruned US yields a little were said to be the key but more than likely we are still seeing a few bargain hunters active and thoughts...

The bottom feeders took the opportunity to buy after the last session in the US crucified soybeans and corn. Was it a bear trap triggered, was it fund liquidation to find greener pastures, maybe the next CFTC report will shed some light on speculative money flow but for now...

It was all about Chicago corn and soybean futures last night. Soybeans were crushed, absolutely smashed, losing 118.75c/bu (AUD$57.78) on the nearby contract. Outer months were also sharply lower, Jan 22 down 89.5c/bu (AUD$43.55). Corn futures were also caught up in what was initially described as a “weather driven...

Chicago soybeans were once again sold off. Technical support is likely to start creeping in soon but the punters live by the saying “the trend is your friend” and at present that trend is down. The weakness spilled into both Paris and Winnipeg oilseeds with canola and rape both...

Pressure came from a better weather outlook in the US and outside markets. The negativity was aided by speculation the US Fed were talking higher interest rates and inflation. One thing I’ve certainly noticed here in retail land is the cost of goods are definitely up. Probably to the...

Big moves lower in both Chicago corn and soybeans weighed on wheat last night. A number of bearish fundamentals attributed to last night’s sell off in the row crops. The sell-off in soybeans did manage to pull the market back to a more neutral position technically. As usual it...

The USDA World Ag Supply & Demand Estimates report was out overnight. It was a bit “smoke and mirrors” when you get into some of the data. Corn seemed to be a winner, I’m not 100% sure why really, the data isn’t that bullish. The only real change to...

In the US we see wheat futures either side of unchanged. Spring wheat futures suffered the most with the weather map showing some moisture potentially giving northern producers another week or so before some very hard decisions will be made. There is already reports of some wheat fields in...