US futures found support initially from a hot, dry forecast for the week ahead. This saw the punters cover a few more shorts and trade around a couple of good sales reported earlier in the day. The weekly export inspections report came out late and was a little disappointing...

Dry weather has seen a slight reduction in predicted wheat acres across Cordoba in western Argentina. So far around 71% of an estimated 6.7 million hectares has been sown, if realised a planted area of this size will be a new record area. The drier weather currently being experienced,...

Profit taking dominated the US futures session with corn and wheat sliding substantially. Soybeans found some support from export sales over 860kt, China making up about 593kt of the total. ICE canola and Paris rapeseed futures were mixed. ICE canola was generally lower for the old crop but either...

Happy Canada Day, Canada. No ICE canola numbers this morning. PDQ notes some cash prices for SW Saskatchewan though. Spring wheat was a little softer in line with losses on the Minneapolis contract in the states, I’m still struggling to understand why that contract is falling and not moving...

It was all about the US quarterly stocks report last night. Corn and soybean area was reduced thus stocks month on month came in much lower than the lower trade estimates prior to the report’s release. The funds, which had been big sellers over the last couple of weeks,...

Corn futures at Chicago found some support around speculation on the up-coming quarterly stocks report. The usual rumour, talk of further Chinese corn purchases, was also pushed about to create more interest. Corn was also aided by increases in the energy market with oil, gasoline and diesel moving higher....

In the USA wheat futures were hit pretty hard overnight. All three grades registered significant losses. Soft red winter wheat and surprisingly spring wheat were hit the hardest. It’s the middle of harvest in the USA, it’s to be expected. On the cash side of their market bids were...

Corn was sold hard in overnight trade in the US. The Chicago market shed 7c/bu on the nearby contract closing at just 317c/bu. It has been lower than this a number of times during April and May this year but prior to 2020 you need to look back to...

The US futures markets behaved a little more predictably last night, corn, soybeans and winter wheat was lower while spring wheat futures picked up a little. Reports that may influence prices for next week include this week’s US export volumes and sales and next week’s quarterly stocks report from...

US crop condition ratings saw corn up 1% to 72% Good / Excellent, soybeans were back 2% to 70% G/E, cotton slipped 3% to 40% G/E, the sorghum rating slipped from 48% G/E to 47% and spring wheat slipped from 81% to 75% rated good to excellent. Winter wheat...