In the US futures market it appears to be all about positioning ahead of next Tuesday’s USDA World Ag Supply & Demand Estimates report. The punters seem to be falling into line predicting reductions in both corn and soybeans. Technically Chicago corn for the December slot is approaching neutral,...

A better weather outlook in the USA and trade concerns with China were considered the catalyst for those looking to sell futures to do so. Wheat got caught up in the technical selling and also finished lower. News that Egypt picked up 415kt of Black Sea wheat probably didn’t...

US ag futures started the session bearish thanks to the China / US trade saga.  Soybeans will be the biggest loser in the China deal, futures for the oilseed were flat with outer month contracts closing a smidge lower. Corn and wheat futures at Chicago managed to edge higher...

The bargain hunters came out from under their rocks to buy cheap US grain futures overnight. Wheat, corn and soybean futures at Chicago pushed higher against flat to weaker fundamentals. The China deal with the US continues to be a major concern and the weather in the US is...

The US session was never going anywhere thanks to poor export data and a pretty benign weather map and then they had to contend with the “Trump effect”. Talk that the US plan to impose an additional 10% of tariffs on China smashed the last bullish bet out of...

Trump continues to play the victim in trade negotiations with China. US producer support for the trade dispute is falling rapidly in many locations that rely on soybeans. Domestic support programs are viewed as short term and become nothing more than subsidies in the long term further distorting global...

In the US local cash markets generally did not follow futures higher with weaker basis registered for corn and soybeans. Wheat futures found support from thoughts that production in both the EU and Russia may still be a little over stated. This moved against the latest IKAR prediction for...

US markets were struggling to find further bullish news leading into the weekend thus took the path of least resistance and sold off with wheat and corn closing marginally lower by the end of the session. The weaker AUD should counter any losses seen in the US markets. The...

It’s been pretty hot across much of France again over the last couple of days, with temperatures pushing up to 40C across the central districts and towards the NW. Germany has also see pockets of 38C towards the east. Paris milling wheat futures moved a little higher while London...

Technical traders at Chicago jumped on the lower Russian wheat forecast by SovEcon to clear some of the sold slots. The Russian wheat estimate was reduced to 73.7mt. This is a tad lower than the official Russian estimate of 75mt and also a little lower than the current USDA...