In the USA corn futures at Chicago moved lower on technical trade. The trade was unimpressed with US export data. Cash markets were mixed with weather delays seeing some locations increasing basis while supply at others elevators saw basis weaken. Wheat futures became a follower and drifted lower. Weekly...

In the USA the punters saw the downside from the USDA report as a buying opportunity ahead of a weather ravaged weekend. With a severe storm predicted to cut across the Upper Midwest of the USA the punters stepped in as buyers of wheat and corn and to a...

Corn futures lead the US markets lower after the USDA monthly World Ag Supply and Demand Estimates report disappointed the punters. US corn production was reduced a little but not as much as what the trade had expected to see. This does leave the door open for further adjustments...

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...