In the USA wheat futures were hit pretty hard overnight. All three grades registered significant losses. Soft red winter wheat and surprisingly spring wheat were hit the hardest. It’s the middle of harvest in the USA, it’s to be expected. On the cash side of their market bids were...

Corn was sold hard in overnight trade in the US. The Chicago market shed 7c/bu on the nearby contract closing at just 317c/bu. It has been lower than this a number of times during April and May this year but prior to 2020 you need to look back to...

The US futures markets behaved a little more predictably last night, corn, soybeans and winter wheat was lower while spring wheat futures picked up a little. Reports that may influence prices for next week include this week’s US export volumes and sales and next week’s quarterly stocks report from...

US crop condition ratings saw corn up 1% to 72% Good / Excellent, soybeans were back 2% to 70% G/E, cotton slipped 3% to 40% G/E, the sorghum rating slipped from 48% G/E to 47% and spring wheat slipped from 81% to 75% rated good to excellent. Winter wheat...

In the USA corn and soybean futures found some weakness from better growing weather while winter wheat futures for both hard and soft varieties were a tad firmer. Spring wheat futures at Minneapolis were also softer on the weather, although little rain has fallen across the driest parts of...

Technically wheat futures at Chicago continue to look very oversold, as they have for a week now, but it made little difference with another session closing lower. The only day with a higher close this week was Monday. In Aussie dollar terms Chicago soft red winter wheat futures for...

Soft red winter wheat futures at Chicago continued to fall lower defying technical signals indicating the market is already over sold. Closing at a fresh 267 day low of 483.5c/bu, a number not seen lower since late September last year. The lower close takes the weekly fall to just...

US futures are showing further downside on the winter wheat products. Winter wheat is in the middle of being harvested. Spring wheat futures contracts are finding a little strength from dry weather in the west. In N.Dakota around 93% of the spring wheat crop and 94% of the expected...

US soft wheat futures closed under 500c/bu last night. That’s the 3rd time since mid-May and only the 4th time this year. The last couple of times the move under 500 seems to have triggered some buying in the nearby contract which soon rallied. Technically nearby soft wheat at...

In the USA corn futures were flat to lower, soybeans found some support from talk of increased business to China and closed a few cents higher, wheat was generally flat to firmer at Chicago with both the soft and hard red winter wheat contracts closing in the black while...