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...

Volume on the Chicago December soft red winter wheat contract was up as the punters were net sellers of some 9500 contracts, roughly 1.3mt. Total volume for the December slot was just under 8 million tonnes. The charts say wheat is over-sold, not massively over sold but over sold....

World markets were generally flat to softer overnight. Let’s start with the grains that closed on the higher side of flat. US soybean futures found support from another large reported sale of 243kt to an unknown destination, probably China. There was a holiday in Canada so there’s no ICE...

The US continues to struggle with a few things, the main one is probably the coronavirus at present. With 68.5 thousand new cases reported on July 30th the numbers are simply staggering compared to somewhere like Australia. The mortality rate is also increasing, pushing above 3% in some locations....

Cash bids for both spring wheat and durum in SW Saskatchewan were a little firmer overnight. Durum would best be described as sideways though with a Dec 20 lift bid at about C$260.63. Basis to FOB varies a little from location to location at the farm and port end...

The first hint that things maybe a little worse in Argentina than what the market is factoring in may well be the amount of interest Brazil is showing in US HRW. Brazil usually buys its import requirements from their close neighbour but with drought becoming an issue across much...

Good demand for US soybeans from Mexico and China continue to support oilseed futures at Chicago. The sentiment in soybeans did roll across to ICE canola futures which closed up a C$1.00 on the nearby and C$1.20 for the Jan21 slot. Across the Atlantic in Paris, rapeseed futures were...