Weather in the US is good for row crops thus follow through selling from last week’s USDA report came unchallenged and both Chicago soybean and corn futures moved lower. Wheat is caught up in technical selling at Minneapolis and talk of increasing world wheat stocks. Apart from the foreseeable...

US futures initially rallied a little party due to the fact prices are already low and with the new USDA data showing stocks are now likely to be flat in the mid term there is probably no reason to push prices lower. The other factor being some level of...

The USDA threw a spanner in the works last night and increased US corn and soybean production this is opposed to what the majority of the trade in the US thought the USDA would do and decrease average yields in both grains. The average corn yield is expected to...

It’s all about the WASDE report at the moment. It’s due out tonight and the US punters were not game to move too far either way in last night’s session. The general consensus is that the USDA will reduce corn yield estimates to about 166.2bu/ac (10.43t/ha). Looking at the...

US futures were higher on the back of positioning ahead of this week’s USDA report and disappointing rain across Iowa and Illinois this last week. Looking forward the US weather map shows the northern spring wheat region remaining dry which should see harvest pace increase there while good rainfall...

US markets were mixed in overnight trade, wheat was higher in the protein types but lower in the soft wheat’s and feed. Soybeans closed flat to lower and corn futures closed flat to lower. It was a US session that you may be mistaken for thinking got its lead...

US grain futures were generally a little lower overnight as the weather map continues to look good and weekly export sales were disappointing. We generally see the lowest US futures values some time in August. As harvest picks up in the row crops we may see some more competition...

US soybean futures took a hit last night as the punters walked away from them on the back of improved crop ratings. Chicago futures shed 35c a bushel (-$16) on the nearby contract closing the session at 959.5c/bu. The decline in soybean values had the usual knock on effect...

US soybean futures took a hit last night as the punters walked away from them on the back of improved crop ratings. Chicago futures shed 35c a bushel (-$16) on the nearby contract closing the session at 959.5c/bu. The decline in soybean values had the usual knock on effect...