US futures were lower as traders look to “square up” a little prior to next week’s WASDE report, continue to take profit and roll December futures contracts. The lower volume and liquidity at Minneapolis lead to significant pressure on both cash and futures for spring wheat. The decline in...

Profit taking in wheat futures at both the US and European exchanges saw futures values for wheat lower in overnight trade. With the December slot closing in on the punters those not looking to be executed would start to liquidate or roll their long position over November. This may...

It appeared to be a sell wheat and corn and buy soybeans at Chicago last night. After a few good rallies in both wheat and corn in recent days there appeared to be some profit taking on the back of a big Australian wheat crop and poor US wheat...

US wheat futures rallied nicely overnight. All three grades putting on double digit gains. Paris milling wheat wasn’t about to be left behind either with the December contract closing E8.00 higher and the March up E5.50 per tonne. Cash prices out of the US Pacific Northwest and across the...

US grain futures at Chicago were relatively stable overnight. Soft and hard wheat generally trending a little lower while corn was a little higher as were soybeans. The biggest mover was MGEX spring wheat futures which put of 14.75c/bu (AUD$7.20) on the Dec21 contract. Minneapolis cash was also sharply...

Saudi Arabia are back in the market for 655kt of 12.5% milling wheat for arrival in Jan > April. If Egypt picked up Black Sea wheat at US$360 C&F yesterday that would have to price Black Sea wheat into Saudi Arabia at something like US$385. For the sake of...

Wheat got a leg up from corn in the Chicago session overnight. Corn found fundamental support from a EIA data showing US ethanol production at a near all-time high, producing 19.93 million barrels (159ltr/barrel) last week. The US cash market for corn was mixed with basis bids anything from...

Poor US and EU weekly export sales appear to have triggered a round of technical profit taking in US wheat futures overnight. The combination of slightly softer futures and the AUD back over 75c is expected to work against local wheat prices here today. Looking at global trade wheat...

All the action was in US wheat futures and Chicago soybeans. Wheat continued to push higher on all three US grades. Moves were a little sedated compared to last Fridays recovery but Minneapolis was a clear leader with double digit gains across all current crop contracts. Spring wheat cash...

Chickpea values in India remain under pressure after last week’s rally, prices into Bikaner this week ranged from a high of about Rs5050/Qtl to  a low on Friday around Rs5000/Qtl. Delhi was priced at Rs5215 after reaching a high of Rs5345/Qtl. Prices remain around 10% lower than the August...