US spring wheat futures lead the market higher in overnight trade. The crop condition report that I touched on briefly yesterday was the catalyst for the move. Technical trade, short covering, ramped up during the session and then further gains were fuelled by a less than ideal weather map...

The slightly stronger Aussie dollar will probably cap any movement in local new crop values today. US and European futures markets were generally flat with Chicago wheat and corn futures close to unchanged. Hard red wheat futures in the US were softer which is going against what those in...

Spring wheat futures in the USA were the star performer last night. We are not talking about a market moving higher in leaps and bounds here. Four cents a bushel ($2/t) isn’t exactly a huge rally is it but it is finding its strength from slow emergence in the...

Spring wheat futures in the USA were the star performer last night. We are not talking about a market moving higher in leaps and bounds here. Four cents a bushel ($2/t) isn’t exactly a huge rally is it but it is finding its strength from slow emergence in the...

The US corn crop is 91% in the ground, just 2% below the 5 year average, 73% has actually emerged and according to the first crop rating of the season it’s pegged at 65% good to excellent. When this good to excellent rating is translated into trade speak it...

With the Memorial Day holiday in the US giving the majority of the speculative community the day off we do not get any direction from the US futures markets today. Instead we have to look to Europe for guidance who are also down a player as England also took...

US soybean futures hit a 13 month low overnight weighing heavily on global oilseed prices. Canola futures at the ICE could not crawl out from under the weight of soybeans even with projections of an exceptionally 2018 tight global balance sheet developing for canola and rapeseed. The nearby ICE...

Lower oil prices appeared to have had a negative impact on US grain futures overnight. Worst hit was Chicago soybean futures which slipped to their lowest level since April. As usual the weaker soybean market rippled across commodities to produce lower closes for both ICE canola futures and Paris...

International grain futures remained relatively stable overnight with slight moves higher in US wheat and corn futures while Chicago soybeans were unchanged to a tad weaker. The canola market saw the ICE contract slip a little on the back of a better CAD value while the Euro and Paris...

The weekly USDA crop progress report has corn, soybeans and cotton all bang on the 5 year average for this time of year. This sent a slightly bearish tone through the market as some punters had expected to see a lower number in this weeks report due to continued...