US grain futures pushed lower with nearby spring wheat at Minneapolis slipping below 500c/bu for the first time since late November. In 2019 MGEX nearby wheat spent a few weeks under 500c dropping to a low of 466c/bu on the 3rd of September. Looking back at 2019, 2018, 2107...

A quick look at the USDA WASDE report that came out last night. Projected world wheat ending stocks were reduced a tad from 288.03mt to 287.14mt. They reduced Aussie production from 15.6 to 15.2mt and also reduced exports from Australia by 200kt, thus ending stocks slipped to 4.01mt, still...

We have a USDA report due out tonight but one can’t help but think it may be overlooked somewhat considering the commotion in outside financial and energy markets. US weekly wheat export inspections were back week on week but cumulative sales are still keeping ahead of the required pace...

Corn futures at Chicago were hit hard last night but still managed to close the week a few cents higher than where they started. Wheat futures were soft to flat with SRWW at the Chicago losing the most of the three main US grades. Soybeans followed corn lower as...

US weekly wheat export sales came in within the higher side of the trade expectations. At 542kt the number found a little support at Chicago with SRWW futures flattening out but little could be done to stem the losses in the HRWW contract. This all appears a little ironic...

US futures found support in the row crops while wheat was generally a little lower after recent gains triggered some profit taking. Corn in the US has been considered cheap for a while now and recent gains in corn and losses in wheat are starting to narrow the spread....

ABARES has pegged the 2020-21 Aussie wheat crop at 21.352mt, that’s a fairly rubbery number considering that there wouldn’t be too many seeds in the ground for another month or two. Domestic consumption is expected to slip back from 8.6mt to 8.45mt while exports increase resulting in a net...

Weekly USA wheat export inspections were better than expected and underpinned moves in Chicago futures overnight. Wheat was pegged at 654kt, well above the average trade guess and 217kt better than last week. Corn and soybeans came in at about the trade estimate, 896kt and 670kt respectfully. Interesting to...

Paris rapeseed was hit pretty hard in overnight trade, the May 20 contract was back E7.00 per tonne. Outer months were also sharply lower with the Feb 21 slot shedding E3.75 and the May 21 E6.00. Canadian canola at the ICE fended a little better limiting losses in the...

Weekly US wheat sales were less than inspiring and the market reacted accordingly. At 382kt of old crop wheat sales it was lower than trade estimates prior to the release of the report. Even combined with new crop sales of 68kt the final figure still came in below expectations....