It appeared to be all about US wheat futures last night. Lately the futures market seems to be responding more like a “past” market than a “futures” market. The USDA will release some slightly bullish data, say good export numbers, on the day the market will fall, only to...

Another cold snap is forecast for the US over the next few days. Overnight minimums crept as low as -30C in Minnesota. Across the hard red winter wheat belt temperatures were as low as -17C in parts of north central Kansas. Unlike the last freeze this time around much...

Chicago corn futures were the only futures contract in the US and EU markets that had some upside last night. Weaker Chicago soybeans dragged both Paris rapeseed futures and Winnipeg canola futures lower. The oilseed complex ignored the gains in palm oil futures, instead taking the lead from WTI...

At a glance the February WASDE report isn’t bearish wheat but looking further into the data you tend to realise it’s not that bullish either. At a glance the 1.26mt reduction on world ending stocks looks promising. Drilling down a little into the data reveals that ending stocks from...

We have a USDA World Ag Supply and Demand Estimates report due out tonight. There’s plenty of speculation and positioning in the futures market leading up to the report as usual. Analyst expect to see a reduction in both US corn and soybean carryout and US wheat stocks are...

All major world grain futures markets were softer overnight, bar Winnipeg canola. Not sure what that’s about, maybe they are just happy they are still not part of America. Chicago wheat, corn and soybeans all closed in the red. Wheat handed back a slice of yesterdays sharply higher close...

US and European grain futures were higher overnight. US wheat futures were the clear winner, Chicago HRWW and SRWW futures both seeing double digit gains on the back fund short covering. Minneapolis wasn’t far behind though. Corn and soybeans at Chicago were more subdued, making small gains across nearby...

Wheat and soybean futures at Chicago saw some profit taking after recent moves higher. Chicago corn fumbled around, influenced by weakness in both the bean and wheat pits but managed to close the day a smidge lower nearby but unchanged to a tad higher in the outer months. There...

Trump held off on the implementation of tariffs against Mexico and Canada but implemented tariffs against China. China then confirmed their introduction of tariffs against a raft of US products. This includes a 15% levy on LNG and coal, 10% on oil, farm gear and possibly electric trucks from...

US and EU grain futures staged a slight recovery overnight. Improvement in US soybean values dragged both Paris rapeseed and Winnipeg canola futures higher. Better closing corn futures saw some improvement in FOB values for sorghum out of the Gulf but Chinese values continue to show little desire to...