US grain markets struggled against the bearish influences of better weather and poor progress with China on a trade deal. China introduced additional duties on corn, soybeans and ethanol as part of a US$75Bn retaliation package to the USA. An additional 5% import tax will be placed on soybeans...

In the US corn basis was generally flat as futures moved higher on better weekly export data. Mexico again featured heavily on the sales list with total sales adding up to roughly 420kt. In the Chicago wheat pit futures for soft and hard wheat were a little firmer while...

After recent losses across most US grain futures last night saw a few bargain hunters out and technical trade support values. The weather outlook remains generally favourable for US corn and soybean production but the slow development of both crops in some locations affected by flooding that delayed sowing...

Hard red wheat futures in the USA continue to reflect the plight of the trade finding it hard to market a low protein crop. The normal consumer for HRW is looking for a product about 12.5% protein but the soft finish this year has seen protein’s average in the...

US grain futures closed in the red yet again, led lower by soybeans. The short term heat in the US is expected to give way to ideal conditions for filling summer crops next week. This paved the way for technical selling. Currency traders seem transfixed with the inversion in...

Although wheat futures in the USA staged some kind of recovery after the demise in corn futures dragged values lower earlier in the week it was not enough to stop a week on week decline in values. Although SRW and HRW futures are now basically at the value they...

Generally Russian wheat offers were flat to lower in overnight business. Egypt did pick up 295kt of Black Sea wheat at US$201.07 FOB and US$217.48 CFR which was a little less than their last purchase. The lower sales value in Ukraine and Russian wheat rippled through US wheat futures...

At Chicago corn futures tried to bounce early in the session but gave way to further selling late in the day to close lower. This see’s corn futures for December shed 47.5c/bu since Friday, just under AUD$28 a tonne in three sessions. Talk of recession in the US created...

All eyes remain on corn futures at Chicago as the selloff continued overnight. The demise in corn prices wasn’t isolated to futures values in the US with cash basis also slipping between 1 – 10c/bu. The move in cash does tend to indicate that the cash market is not...

The USDA delivered a hard blow to those punting corn futures higher. The latest WASDE report that came out in the States overnight was bearish corn. Corn futures at Chicago were limit down after the USDA only reduced sown acres by 1.7million bringing the total US crop sown to...