Soft red winter wheat futures at Chicago were sharply higher in overnight trade making this market officially harder to pick than a broken nose. Soft wheat put on about AUD$9.00 per tonne taking the weekly move to just 7c/bu (AUD$3.70) from last Friday. During that time we’ve seen a...

The US weather map, well for the US upper midwest at least, turned a little drier looking for the next 7 days. Missouri is still likely to see some 2″ to 3″ of rain but Kansas and the central and western corn belt will most likely see just a...

As expected the improved crop condition report killed the rally in US wheat futures. Corn and soybean futures continue to see support from slow planting and wet weather delays in the States. A quick look at the 7 day forecast for the US and it looks like SE Kansas,...

Wheat futures were the big gainer in US futures markets overnight. The punters were sure that the USDA would reduce crop condition ratings in the weekly crop progress report due out after the close. Looking through the report as I write shows they were wrong. Winter wheat rated good...

It’s hard to know which way to look at the moment. You have weather in the US causing floods, you have dry weather in parts of the Canadian prairies and the Volga Valley in SE Russia. Increasing yield prospects for winter wheat in the EU. Drought continuing in both...

The situation in the USA is going from bad to worse as wet weather hampers planting progress for corn and flooding takes out fields that have already been sown. Existing infrastructure that is capable of alleviating the impact of moderate to major floods is struggling with what some areas...

In the US overnight session corn futures rallied to contract highs only to see profit taking, spread trade and technical selling stop another higher close in the day session. Wheat futures at Chicago also took a breather as the punters took a day out to re-evaluate their position and...

USDA crop progress report pegs corn sowing in the states at 58%, an increase of just 9% week on week. The 5 year average is about 90%. Illinois and Indiana still have a few hurdles with just 35% and 22% sown respectively.  Ohio and S.Dakota are also in a...

With the US markets closed for a public holiday there’s nothing but the weather to talk about out of the USA. It’s getting very wet in places, Kansas being one state suffering. Storms continue to create havoc dropping huge amounts of rain in a short amount of time. Some...

It’s now definitely a weather market in the US with the forecast predicting a continuation of the wet weather into next week. There’s a very real chance that large acres of corn will be left unsown even with the current price and subsidy package on offer. Next week’s crop...