In the US overnight session corn futures rallied to contract highs only to see profit taking, spread trade and technical selling stop another higher close in the day session. Wheat futures at Chicago also took a breather as the punters took a day out to re-evaluate their position and...

USDA crop progress report pegs corn sowing in the states at 58%, an increase of just 9% week on week. The 5 year average is about 90%. Illinois and Indiana still have a few hurdles with just 35% and 22% sown respectively.  Ohio and S.Dakota are also in a...

With the US markets closed for a public holiday there’s nothing but the weather to talk about out of the USA. It’s getting very wet in places, Kansas being one state suffering. Storms continue to create havoc dropping huge amounts of rain in a short amount of time. Some...

It’s now definitely a weather market in the US with the forecast predicting a continuation of the wet weather into next week. There’s a very real chance that large acres of corn will be left unsown even with the current price and subsidy package on offer. Next week’s crop...

US grain futures were lower overnight, the main reason seems to be the announcement of an additional $14.5bn in farm aid for US farmers. The message this sent to the trade was that the China / USA trade dispute is likely to be much longer than initially expected. The...

It’s snowing in western Nebraska and as of last Tuesday there was still 47 million acres (total 92.8 forecast) of corn to be sown in the USA. 2019 is shaping up to be one of the latest corn plants on record. Now with the soybean rebate, subsidy, anti tariff...

When politics play in commodity markets they tend to get murky pretty quickly. Last night we saw US soybeans cop a double whammy thanks to the US trade problems with China. Bloomberg said leaked documents had suggested that the government is about to introduce a US$2.00/bu subsidy to farmers...

The big stories overnight were planting delays in the USA and rising canola stocks in Canada. The planting delays for US summer crops comes at a time when winter wheat is coming into head and flowering. Although the crop is late this year and there is less wheat in...

In the USA grain futures struggle to hold ground as soybean futures slipped away sharply. Corn found support from further sowing delays in Iowa and Illinois while wheat found support from delays in sowing but more importantly the threat of disease in the winter wheat crop. With more than...

In the USA corn futures lead the grains higher at Chicago. The strength in corn triggered short covering in the wheat pits with soft, hard and spring wheat futures all posting double digit gains by the close. It’s mainly about corn though with the short term rainfall forecast calling...