Lower corn futures weighed on wheat values at Chicago. Corn traders are still standing there a little stunned after last week’s USDA acreage report hit them in the face like a piece of 4×2. Argue as they may that the USDA is out there with the pixies the report...

The market was a little taken back by the USDA acreage report out overnight. The punters had expected to see much less corn area than the report produced. The area, 91.7mac, is 3% larger than the 2018 area, the harvested area is pegged at 83.6mac. To be honest the...

Technical trade dominated the Chicago futures market last night with most punters squaring up prior to the USDA acreage report due out tonight. Support for wheat came from StatsCanada reducing wheat area across the prairies. Downward pressure in wheat came from the latest IGC S&D report that increased world...

In the US futures values for corn and soybeans were both lower on the back of some much needed dry weather being predicted for parts of the south central and western corn belt. Kansas and Nebraska should also see some drier weather allowing wheat harvest to move along. The...

Canola futures at the ICE were crushed in overnight trade. The November contract was off C$9.00 / tonne by the close, January was back C$8.70. This recent fall puts the downside in canola futures at C$21.70 or 4.54% over the last 3 months. The November contract is still C$10.20...

There’s a few stories keeping the wheat market on the defensive. Head scab in the HRW crop in the US, dry hot weather across much of the Volga Valley in Russia and east into the spring wheat regions of Kazakhstan. There’s a heatwave expected across much of France, Poland...

It seems to have been a night of profit taking in the USA. With grains lower across the board. There are some weather models predicting warmer weather across parts of the US corn belt next week. This should assist what is in the ground to start to recover from...

Delays in US corn and soybeans lead the markets higher. Soft red wheat and hard red wheat futures followed but spring wheat futures were softer. US spring wheat condition is pretty good apart for some dryness creeping into NW – N.Dakota and some parts of Montana. The seven day...

The prospects of better weather in the US was one of the reasons markets were lower overnight, well according to one or two market wires they are suggesting that’s the case. I’m not sure what these analyst do other than imagining things while blowing the froth off their morning...

Profit taking across the board in US futures, except soybeans, the late plant has the bean market on edge still. The big question with the US corn progress report is the base numbers. It’s safe to assume that the current crop planting progress is based off the recently amended...