The Chicago grain futures market was very yawn worthy last night with settlements either side of unchanged for most grains. With little fresh news to trade off the punters pawed over the latest USDA weekly crop progress report and came to the conclusion that rain delays in corn planting...

US wheat futures were either side of unchanged overnight, corn futures were flat to firmer while soybeans found a pulse and closed with double digit gains in the July > January contracts at Chicago. Soybeans were a buy early in the session but also found support from a sale...

With the US markets closed it feels like the coffee shop is closed. No longer able to get the stimulus to kick start the day the market simply grinds to a halt or follows the path of least resistance, lower. In the case of ICE canola and Paris rapeseed...

The US Wheat Quality Council done their annual crop tour of Kansas this week with 75 scouts walking through fields in an attempt to come up with a Kansas wheat production number. Average yields were pegged at 47.2 bushels / acre, 3.17t/ha to you and me. This may sound...

Soybean futures at Chicago saw double digit losses on the back of increased tension between US and China over the coronavirus. Technically Chicago soybeans are now neutral to maybe a little oversold, so potentially a repeat of this week next week. Weekly sales volume out of the states were...

Short covering was a key feature of the Chicago wheat pit in overnight trade. Triggered by reports of dry weather in both the US and Russia the initial rally triggered orders and the session closed with some nice gains. Proofing the report of dry weather shows that parts of...

The pulse industry claimed another large scalp last week. Indian company Phoenix Commodities went under to the tune of about US$400m, not bad for a company valued at US$1.1Bn as recently as January and claimed a US$43.5m profit last year. Banks in the UAE seem to have been hit...

US wheat futures continued to push lower as the world moves out of the N.Hemisphere spring mostly unscathed. India is reporting they will harvest a record or near record wheat crop. Russian has seen 25-50mm of rain across most of their wheat country in the last couple of weeks....

It’s not only the Australian barley market that is looking less than exciting at the moment. Recent reports out of the UK are also advising producers to be ready for an extended period of low prices for barley. The N.African feed market may be the key with pockets of...

World grain futures were generally either side of unchanged. In the US corn and soybeans were a tad softer, HRW and spring wheat were softer while nearby soft red wheat was a smidge higher. No market moved in a convincing manner up or down, as technical trade dominated the...