The USDA report was considered as bearish wheat, or even more bearish than some of the punters had anticipated. World ending stocks were jacked up to 270.5mt an increase of 3mt. The biggest hit came from an increase in US ending stocks thanks to slow exports, an increase of...

US soft and hard red winter wheat futures at the CME were hit hard again in overnight trade. The SRWW move when reflecting the USD / AUD exchange rate will come in close to $5.00 lower if reflected in new crop wheat values here. The recent sharp decline has...

CME soft red wheat futures in the USA set a 13 month low in overnight trade. The funds were not as completed with their massacre of wheat futures as what the analysts had expected and managed to crush nearby wheat another 2.5% last night. The pessimism is generally US...

In the USA wheat and corn futures were generally higher on technical buying. China trade talks continue to be the driver but in all honesty if they came to an agreement on anything in the next 12 months it might be considered a win. A fundamental trader would be...

US wheat futures were generally flat to softer. Talk of bigger US spring wheat acres to be sown took the edge off the HRS wheat contract at the MGEX, HRS was the only grade to find some upside in recent days. There is talk of increased durum acres in...

The US futures markets generally followed the path of least resistance. Soft wheat futures slipped further while spring wheat actually made a few gains across the board. The HRW contract saw some upside nearby but slipped in the outer months. Corn and soybeans were both softer. Beans lead both...

It appeared to be a consolidation of some description at the CME futures market in the USA. Soybeans found some steam and then lost it after trade representatives warned that the negotiations with China could go on for much longer than they expected. Corn succumb to further technical selling...

The US futures markets were lower again in overnight trade. The punters are looking for confirmation of Chinese orders before they pencil their demand into the books, talk is cheap. Weather in the US is generally benign with another winter storm expected to drop more snow and rain in...

From the outside the US wheat futures market appears to have some kind of disconnect with reality. Why I’m surprised I have no idea, it’s not like it’s a reflection of the actual wheat market on a daily basis these days is it. So fundamentally we saw export loading...

Some more regurgitated USDA data and some “good progress” in the USA / China trade debate couldn’t make a mark in US futures last night. The only product that really showed a pulse was spring wheat futures. The MGEX nearby contract rallied about $4.60 / tonne. Outer months for...