The scouts are starting to pick up the level of frost damage across Oklahoma and Kansas, this is rolling into some underlying strength in HRW futures. The prospect of further frost damage this weekend also helped the wheat markets close higher. I’m not sure about this weekend though, most...

World grain futures were generally flat to firmer in overnight trade. Bullish factors were the increasing value in oil and fuel in the US, this obviously helps corn demand in the ethanol market. France confirmed its 4th hottest April on record, it was also a little dry, this has...

In the US we see wheat futures generally flat to lower. Across the Atlantic Paris milling wheat and UK feed wheat were a little firmer but no one market is jumping out of its skin at the moment. The weaker AUD saw export offers off the west coast of...

It was a bit of a nothing session in US grain futures overnight. Wheat was generally flat to firmer, corn flat to firmer while soybeans were firmer in the nearby and softer in the outer months. The markets were fighting with good weekly US export data from last week...

US export volume for wheat and corn was up a little last week with both wheat and corn beating the previous week’s volume. Corn saw loadings at 1.217mt and wheat 535,691 tonnes. Interesting to note sorghum exports were also solid at 140,458 tonnes but about half of the previous...

Well, who thought that the Chinese wouldn’t honour their side of the Phase 1 trade deal with the USA, hands up, OK, everyone can put their hands down now. Not only was it predictable but the last minute inclusion of an out clause in the case a pandemic breaking...

Good weekly export data out of the USDA helped US corn futures claw back some of the previous sessions losses. Better weather in the short to midterm kept a lid on any possible rally getting away. Technically we see July SRW futures at Chicago significantly over sold which should...

With the weekly US crop progress report out the market took a closer look at sowing pace for the row crops and wheat condition. Corn is going in the ground above the 5 year average pace with about 27% of the projected area in the US now sown. Illinois...

Canadian cash durum wheat values moved sharply higher during the week. In SW Saskatchewan ex farm values are sitting around C$287 for nearby pickup and C$264 for Nov / Dec pickup. For the December slot this represents a rally of C$21.09. Canadian durum was one of the few commodities...

Rumours China were making plans to purchase 10mt of soybeans, 20mt of corn and 1mt of cotton had the US markets firmer from the open. But without any confirmations both corn and soybean futures at Chicago slipped to close just marginally above the sessions lows. Some outside pressure was...