With the Americans lighting fire crackers and drinking beer last night’s US markets were closed. Looking around the world there is plenty to see though. Japan picked up 124kt of wheat in their weekly tender, 24kt of that being ASW and 13kt being white wheat out of the USA....

Technical trade triggered by the prospect of more wet weather in the central US corn belt pushed corn futures higher overnight. Wheat and soybeans were caught up in the rally. Wheat was due for some upside according to the charts and further planting delays to the last of the...

Chicago wheat futures have slipped again overnight. Reports of better than expected yields across much of Kansas and an increase in grower selling is weighing on the market. With much of the US hard red wheat belt expected to remain dry this week harvest should move along nicely as...

Lower corn futures weighed on wheat values at Chicago. Corn traders are still standing there a little stunned after last week’s USDA acreage report hit them in the face like a piece of 4×2. Argue as they may that the USDA is out there with the pixies the report...

The market was a little taken back by the USDA acreage report out overnight. The punters had expected to see much less corn area than the report produced. The area, 91.7mac, is 3% larger than the 2018 area, the harvested area is pegged at 83.6mac. To be honest the...

Technical trade dominated the Chicago futures market last night with most punters squaring up prior to the USDA acreage report due out tonight. Support for wheat came from StatsCanada reducing wheat area across the prairies. Downward pressure in wheat came from the latest IGC S&D report that increased world...

In the US futures values for corn and soybeans were both lower on the back of some much needed dry weather being predicted for parts of the south central and western corn belt. Kansas and Nebraska should also see some drier weather allowing wheat harvest to move along. The...

Canola futures at the ICE were crushed in overnight trade. The November contract was off C$9.00 / tonne by the close, January was back C$8.70. This recent fall puts the downside in canola futures at C$21.70 or 4.54% over the last 3 months. The November contract is still C$10.20...

There’s a few stories keeping the wheat market on the defensive. Head scab in the HRW crop in the US, dry hot weather across much of the Volga Valley in Russia and east into the spring wheat regions of Kazakhstan. There’s a heatwave expected across much of France, Poland...

It seems to have been a night of profit taking in the USA. With grains lower across the board. There are some weather models predicting warmer weather across parts of the US corn belt next week. This should assist what is in the ground to start to recover from...