The US weekly crop progress report was out after the close. A quick look through the data reveals the corn condition rating is back week on week with 60% of the crop rated at G/E, last week 62%. Early fields in the central corn belt are just starting to...

Cash bids for durum out of SE Saskatchewan still amaze me. There’s none of those pussy $10 or $20 dollar moves, they’ll leave those incremental moves for other grains like spring wheat or canola. No durum likes the big moves. Last night 1CWAD13 cash bids out of SE Saskatchewan...

US soybean futures sold off overnight. Oilseeds were caught up in a general commodity sell off associated with the increase in value of the US dollar more than any fundamental reason. Globally most major analyst continue to see support for not only oilseeds but grains in general going forward....

Wheat purchases from both Egypt and Algeria confirm that importers will need to pay more for wheat. Egypt picked up 180kt of Black Sea wheat. 120kt from Romania and 60kt from Ukraine. Values were said to be some US$38 higher than their last tender. Algeria was thought to have...

Technical Tuesday, call it what you will. After a fairly bullish few days the Chicago wheat pit gave back 26c/bu on the nearby contract last night. This leaves the “rally” from the recent USDA report at just 7.5c/bu (AUD$3.79) hardly worth the fanfare was it. Fundamentally the market remains...

US grain futures took half a breather overnight, bar soybeans which continued to move higher. The big mover continues to be canola / rapeseed. ICE futures for Canadian canola pushed through C$900 to close the session C$18.10 higher on the nearby at C$912.40. Paris rapeseed futures were also sharply...

US wheat futures found continued support from Thursday’s USDA WASDE report. Lower world and US wheat ending stocks encouraged speculators to build longs in wheat futures. Reductions in Russian wheat output were larger than many had expected to see and is key to the mid-term support for wheat values....

USDA WASDE report was out last night. It was a good one for producers. A quick look reveals reductions in wheat, world carry in stock were lowered 1.35mt to 288.83mt, world productions was lowered 15.49mt (less than a few had expected) to 776.91mt. Demand shrunk with reduction in imports...

Spring wheat futures in the US were a little weaker overnight, Minneapolis shed 1.75c/bu (AUD$0.90) as the punters continue to “square up” ahead of tonight’s WASDE report. North of the US border we see cash bids for spring wheat in SE Saskatchewan were reflecting the move in futures with...

Cash prices for spring wheat and durum across SE Saskatchewan rallied again overnight. Spring wheat was a little more subdued than durum only increasing the average cash bid by C$3.11 to C$372.13 per tonne for a December pick up ex farm. 1CWAD13 durum was up C$19.57 per tonne for...