Looking at the charts we may have been a little lucky with a higher close at Chicago last night. The stochastic shows both wheat and corn futures quickly pushing back towards over-bought and soybean futures already well above over-bought. The key to the rally was support from a poorer...

Week on week the US crop progress report shows a decline in the corn rating from 76% G/E back to 72%, that’s a significant week on week decline. Prior to the release of the report the punters were tipping a slight 2% decline, not the 4% handed out. This...

Traders took a last look at the US / Canadian weather map on Friday and realised things ain’t great in the northern plains. Temperatures over the next couple of days are expected to get into the mid to high 30’sC across the Dakotas and into MN. In some locations...

US row crop futures saw some profit taking and fund money moving out of grains and back into stocks on the back of some good employment data in the States. An early session dip in the stock market allowed entry at a good level in the afternoon. Back in...

The next 7 days continues to look dry for much of the US and Canadian durum belt. Russia is expected to see some good falls across much of the winter wheat regions in central and southern Russia. The spring wheat regions around Kazakhstan may also see some very useful...

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...