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...

Currency is back down at 69.25USc this morning, the last time we were down hear was January 2016. With world grain values at historically low values this isn’t hurting us one little bit. I mean no one wore any machinery out last year that needs replacing did they. Concerns...

It was all about planting delays in the US session last night. Corn and soybean futures lead wheat higher after the USDA weekly crop progress report pegged slower than expected progress had been made in the central US corn belt. Major producing states Iowa and Illinois were significantly off...

In the USA soft and hard wheat futures found some much needed upside at Chicago. The trigger was US export data but the futures market was also due for some technical buying. Combine those two things with the bargain hunters opening their purses and the market saw healthy gains....

In the US the USDA report was considered mostly bearish as the report confirmed what much of the trade had already factored into prices leading up to the report. Hard red wheat futures were the exception and fell away sharply as higher than expected US production estimates for the...

US futures were lower overnight, soybeans at Chicago set a ten year low and corn and wheat futures there also saw significant downside prior to tonight’s USDA report. It brings the cynical thought to the front of my mind, will this be a sell the rumour buy the fact...

Overnight saw some limited downside for wheat at London, Paris and American grain futures markets. We have May closing out and a USDA report due out on Friday. Cash markets were generally flat to lower with Black Sea wheat offered at US$204 FOB against a bid of US$198 FOB....