With a USDA report due out tonight it was never going to be a huge night of changes at Chicago. The trade wanted to rally on the back of an approaching winter storm in the USA but caution won the day and the punters generally squared up ahead of...

Wheat futures received a helping hand from support in corn and soybean futures at Chicago. The row crops were pushed higher on weather concerns in the USA. A cold snap is expected to bring snow to the north further delaying harvest operations. The larger spring wheat producing states, N.Dakota...

Weekly US wheat sales came in within trade expectations resulting in a flat futures market overnight. Week on week increases saw total export sales come in at 328.5kt. Although the number was better than last week the trade was underwhelmed and low volume technical trade dominated the rest of...

US grain futures lost ground over night with the selling generally attributed to the reality of large global supplies, particularly in the case of wheat, and profit taking after recent gains. There was also a lot of pressure from outside markets with the Dow closing down 483 points on...

US corn futures continued higher after ending stocks were lower than expected on Mondays USDA report. The attention will now switch to the yield number in the October WASDE report due out on the 10th of October, next Thursday. Expect technical trade and positioning to dominate the week leading...

Chicago corn and soybean futures found support from good export sales and US stocks data. Soft and hard wheat futures at Chicago found some spill over support from the row crops while Minneapolis wheat futures actually slipped a little. Fundamentally spring wheat is probably seeing more support from the...

US grain futures were once again under the influence of technical selling ahead of the US grain stocks report due out on Monday. The trade have generally accepted the report will carry higher stocks for corn and soybeans. It appears the terrible wet start to summer crop sowing in...

Wheat futures in the US saw a reversal on what has been happening all week. Last night spring wheat futures fell away while soft and hard red winter wheat futures moved higher. Spread trade & profit taking maybe, technical trade most likely. There’s no new fuel for the fire...

US hard red and soft red winter wheat futures continued to fall as they face stiff competition into the feed market from both US and Canadian spring wheat that has been downgraded in recent weeks and corn production that is a little better than expected. The wet harvest has...

In the USA and Canada spring wheat values continue to climb on quality concerns. In yesterday’s USDA crop condition report the area of harvested spring wheat in the USA did increase from 76% the prior week to 87% in the last week. Normally for this time of year the...