Nearby spring wheat futures at the Minneapolis Grain Exchange closed above US$8.00/bu for the first time since the 25th of June 2013. The US weather forecast calls for a continuation of the hot, dry weather across the northern plains exacerbating the current drought conditions on spring sown crops. With...

A mixture of USDA data and a bleak looking weather map for the Dakotas and the Canadian Prairies made for an interesting night for US futures traders. Even corn got in on the action. When the USDA Acreage and Stocks report came out showing greater corn acres than expected...

In the US spring wheat was the standout yet again. After fending off spill over selling from a sharply lower soybean market which also saw corn values slip away spring wheat futures managed to gain 7 1/2c/bu on the nearby while HRW futures were roughly flat. The soybean market...

US wheat futures retreated a little last night after spring wheat set a new high in the overnight session. This is basically a technical correction allowing for some profit taking after the recent weeks. Fundamentally you would have to say that weather maps around the world are all tending...

Spring wheat was clearly the standout performer in the US grains complex last night. Corn and soybeans closed lower as updated weather maps show good rainfall likely this week for the US corn and soybean belt while indicating it is going to remain dry across the durum belt of...

Corn futures at Chicago were always going to struggle to continue to follow wheat higher. The corn belt in the US, apart from a little heat last week, is basically having a pretty good run with some parts a little too wet if anything. Soybeans are in the same...

US wheat futures lead the rest of the grains higher in overnight trade. It’s more of the same, dry weather in the US spring wheat belt, dry weather in Australia and dry weather in some parts of Europe. I’m not sold that Europe is about to have a failure,...

You know some day’s I just sit here and scratch my head and wonder where the authors of some of these market wires live. The first thing I read this morning is how hot, dry conditions in parts of Europe and the Black Sea are leading the wheat market...

Spring wheat futures in the US managed to hold onto recent gains but heavy selling towards the close saw the market settle back 3/4c/bu. Rainfall across the spring wheat belt seems to be heaviest across NE S.Dakota, the driest parts in NW N.Dakota and NE Montana remain very dry....

It was all about spring wheat in the USA again last night. As touched on yesterday, the crop condition rating had fallen sharply in the weekly USDA report released after the close of the day session in the states. The rally in spring wheat futures managed to drag soft...