It was a sea of red across global grain futures markets by the close of last night’s session. The US market had a bit of an epiphany and decided they had pushed wheat values too high and were now uncompetitive in the global market. Market wires vary on the...

US markets saw the WASDE come and go without much of a surprise really. Most bearish expectations had already been factored in and the USDA didn’t disappoint so basically it was a case of a quick look over the report and then back to business as usual. In the...

We have a USDA World Ag Supply & Demand report out tonight so the US markets were mainly concerned with positioning and speculation associated with that. At Chicago soybeans were a tad firmer, corn was flat to lower while wheat was lower with HRW slipping further than SRW. Meanwhile...

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...