Soft red winter wheat futures at Chicago suffered under a session of profit taking and technical selling after a jump above 500c/bu on Tuesday. 500c continues to look like the level of resistance in the short to mid-term, triggering selling when breached. The December wheat contract was pretty much...

The rally in US grain futures overnight was said to be fuelled by technical buying and a return to hotter, drier weather across the US Mid-West over the next week or so. Fund money continues to search for the most volatile parking lots. The funds have the ability to...

Corn futures at Chicago succumb to profit taking overnight after some good gains in the prior session. Talk of 5-10mt of corn getting taken out of the production side in the US saw futures higher Thursday. Looking at the size of the US crop, 388mt, 5-10mt represents less than...

They are staring to quantify the damage in Iowa from storms earlier this week. The system is being described as an inland hurricane. Social media is awash with pictures of corn laid flat as far as the eye can see. Many think that the USDA average yield of 181.8bu/ac...

Sorghum harvest is underway in China’s Jiangjin district. Over the last 30 days the region has seen rainfall in excess of 150mm with up to double that in some locations. The region has mostly small farms with some harvesting taking place by hand. Sorghum there is produced for the...

The US markets were finding it difficult to quantify corn losses after storms across the central corn belt laid some crops flat on the ground. There is speculation some crops may stand back up while others will not thus a wait and see approach was taken by many. The...

Cash bids in SW Saskatchewan were softer for spring wheat and flat to softer for durum. Canola also saw nearby prices slip away. Canadian canola is interesting, the dynamics changed dramatically when China placed trade bans on Canadian product. The market reacted by reducing acres but also finding alternative...

Another lower close across the US wheat, corn and soybean futures market overnight. The prospect of some big yields for corn and soybeans in next week’s USDA report have a lot of punters on edge. Fundamentally the market isn’t doing too bad, especially soybeans, as export orders continue to...

Data for US weekly grain sales and export data for last week hit the market and done nothing to stop process falling further at Chicago. Net sales out of the States weren’t too bad at 605.5kt, just above the 4 week average. Asian buyers featured heavily on the customer...

US wheat and corn futures were generally flat to firmer overnight. Corn found support from increased interest on the buy side while wheat and to some extent corn, found support from technical trade, both being over sold on the charts. Soybeans fell lower on technical trade even as a...