Rumours China were making plans to purchase 10mt of soybeans, 20mt of corn and 1mt of cotton had the US markets firmer from the open. But without any confirmations both corn and soybean futures at Chicago slipped to close just marginally above the sessions lows. Some outside pressure was...

US wheat futures were mixed with US corn and soybean futures falling further while all three US wheat grades pushed higher. Corn and beans continue to be heavily influenced by oil values. CLM20 Oil slipped US$4.60 in the June slot to US$20.43. The Dow got caught up in the...

Eyes are starting to turn towards the European and Black Sea winter wheat crops. Dry weather has seen a number of private analyst reduce their production estimates over the last week. With the French wheat area actually back 8% year on year any major threat to the crop will...

Romania succumb to EU pressure overnight and removed the current export ban for wheat to non-EU ports. This would no doubt make “some of the greedy grain traders” happy but also added a more bearish tone to the US futures market resulting in some slippage in US futures. Interesting...

US futures were lower overnight led by a crashing corn market. The US is in a whole heap of trouble at present when it comes to corn. No one is driving anywhere so ethanol demand is non-existent. There are staffing issues at chook houses and feed lots, in some...

Russia sold 120kt of wheat to Egypt overnight. 60kt was booked at US$249.45 delivered and another 60kt was booked at US$252.50 delivered. Some say Egypt came in as a buyer due to the risk of port lockdowns as the coronavirus becomes more widespread. This appears likely as Egypt are...

Chicago corn futures broke a seven session losing streak and finally found some support from the bargain hunters. Wheat struggled, closing slightly lower in the outer months while US soybean futures were mixed but generally unchanged nearby to higher on the outer months. Canola and rapeseed futures ran their...

US wheat futures initially found weakness from worse than expected US weekly export inspections but then bounced back in later trade to close higher. Support came from outside markets with Wall St sharply higher. There are a few tenders expected to hit the market this week. Saudi Arabia are...

China continue to bargain hunt, picking up 567kt of US corn overnight. Trump will no doubt take the credit after pencilling in such an awesome trade deal. On a more realistic note China are basically filling their WTO obligations and who can argue that now wouldn’t be an opportune...

China continues to take advantage of lower grain prices and weaker currencies by increasing grain purchases. There is talk of China picking up 200kt of Australian barley at US$220 C&F. The results of the anti-dumping case doesn’t seem to be a major concern at present. WA barley continues to...