Wheat futures at Chicago triggered some technical buy signals overnight, closing above both the 5 & 10 day moving average. The punters are comparing the recent trend higher in wheat values there to the move we saw at the beginning of April. I tend to think that the move...

There are a couple of things at play here, poor weather in Europe and good weather in the US. You may not think that looking at US futures versus Paris futures though. Chicago wheat, corn and soybeans all closed in the green last night. Paris milling wheat was back...

US wheat futures fell moderately lower overnight. Bearish data from the US hard red winter wheat crop tour was said to be part of the pressure. The 3 day tour wrapped up with an average Kansas wheat yield estimate of 53bu/ac, 3.56t/ha, not huge, but it’s actually a 4...

Canola and rapeseed got caught up in the sell off in Chicago soybeans last night. Winnipeg canola was hit the hardest, shedding C$27.04 for nearby pickup ex farm SE Saskatchewan according to price reporting platform PDQ. Canadian new crop canola was also hit, a Sept lift shedding C$23.60 /...

With US internal wheat values as low as they are we are starting to see a few more punters backing higher demand for wheat in feed rations unless corn values in the US fall further. The major importers are also taking up US wheat. US export sales and loadings...

The USDA weekly crop progress report was out after the close. This weeks report has corn pegged at 62% sown, 6pts above the average. Soybeans 48% sown, 5pts above the average. Sorghum at 26% sown, bang on the average, and spring wheat at 66% sown, well above the average...

The Canadian spring program is progressing nicely, as of May 5th data confirming the state off to a good start . Across SW Saskatchewan, prime durum country, sowing is ahead of schedule with around 44% of the projected acres now sown. Saskatchewan durum is estimated at 33% sown across...

A stronger US dollar, and better crop ratings for the US winter wheat crop continued to hurt their futures market. The weaker AUD went some way to buffering the decline in futures, but may not cover it all. Further technical selling leading into next weeks USDA WASDE report was...

The question today, and probably for a while now is, is US wheat cheap? The answer is probably yes, but to have a closer look and confirm this we may need to know the feed grain ration calculations for both US feed grain consumers and export feed grain consumers....

The nearby moves on both Paris rapeseed and Minneapolis wheat futures were good examples of being on the wrong side of things as the nearby contract moves close to expiry. Nearby May Paris rapeseed had been much higher than the next slot, August, and failing to converge for some...