Production issues across the major global wheat producers was said to be the key to increasing US futures values overnight. Wheat, corn and soybean futures at Chicago all closed in the black as did ICE canola futures and Paris rapeseed. The North Dakota Wheat Commission (ND Wheat) weekly crop...

Soybean and wheat futures at Chicago managed to improve in value after a series of lower closes over the last few weeks. Since the beginning of June corn futures in the US are back about AUD$26.50 / tonne. Offers for sorghum out of Texas are also back a little...

US futures saw weakness in the corn and soybeans pits while outer month wheat enjoyed some upside. The outlook for a smaller global crop helped wheat widen the spread over corn but in a strange twist we also see the HRW contract trading at a discount to SRW on...

Buy the rumour sell the fact, that’s what seems to be driving the US markets at present. US tariffs came into effect yesterday, potentially hurting US / China soybean sales, so what happened, well Chicago beans rallied 38c/bu (AUD$18.85). To make the move in US soybean futures even more...

Weather problems around the globe saw the US and European futures markets push wheat contracts higher overnight. Physical prices were not as keen to follow futures higher but there are signs creeping into the physical market confirming things are not as good as some punters might be trying to...

The US celebrated independence day overnight and on Friday they may well be celebrating China trade war day when the first of a number of tariffs are implemented on Chinese imports. The US soybean grower may well remember Friday as the day Donald Trump destroyed the US / China...

US wheat futures gave back all of Fridays gains overnight. A short week, good growing conditions in the US and an overall lack of desire on the part of the speculator to wave his wallet around while the US and China decide who has the smallest…. hands… is stifling...

According to the wires wheat in the US futures market found fundamental strength from weather problems in Australia, Russia, France and the Ukraine. Positioning ahead of the release of the USDA stocks and acreage report was also an active helper of a recovery in wheat futures. As the USDA...

If you need a lesson on convergence have a look at the nearby contract for ICE canola as it rolls off the board. The nearby number was smashed overnight but the fall doesn’t reflect the general market, or does it, that’s the problem with futures markets the buyers go...