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...

US wheat futures found limited support from news on further subsidies to help combat the impact of the trade war with China. Technical buying was also a feature in wheat and corn while the soybean market was sold lower. In France the combination of Co-Ops InVivo, Axereal and NatUp,...

US temperatures will be ideal for crop progress across the eastern and central corn belt while the western corn belt will continue to see relatively warm to hot conditions for the week ahead. The higher temps across the HRW belt should allow harvest to wind up quickly. In the...

Week on week we see US corn and wheat futures lower. Corn rallied last night to regain some of the lost ground but a week on week comparison shows a loss 23.5c/bu (AUD$13.13) in the December 19 contract. Soft red wheat futures at Chicago saw a decline of AUD$11.20...

The one thing that always amazes me about US futures markets is their focus on the future. The ability of the US futures market to brush off a current issue to focus on a synthetic or possible issue is something to behold. This week’s heatwave for instance, it’s just...

The weaker soybean futures at Chicago put pressure on wheat values thus we see lower settlement values for soybeans, SRW, HRW and DNS wheat. Only corn futures closed higher but only by the thinnest of margins. Corn is finding some support from the high temperatures creeping north across the...

The prospect of good follow up rainfall across N.Dakota and Minnesota and across the top of the central corn belt was viewed as beneficial to spring wheat and soybeans. Wheat futures generally managed to avoid the technical selling this triggered in corn and soybean futures at Chicago. Corn values...