US futures markets turned lower overnight. Funds returned to the market as net sellers after panicking early last week to cover shorts after the weekend snow storm in Kansas. No such luck last weekend though and the crop progress report shows the flooding associated with the storm as it...

There wasn’t a lot of bullish news in the world press to warrant further upside last night but what was out there wasn’t exactly bearish either. Canadian wheat and canola stocks came in well under the local trade estimates. While still fairly high, wheat at 16.6mt and canola at...

US wheat futures were sharply lower in overnight trade. The US Wheat Quality Council crop tour of Kansas really couldn’t have come at a better time to quash speculation over the amount of damage done to the Kansas wheat crop during last weekends snow storm. The tour reported that...

The trade in the USA are growing tired of waiting for nature to reveal the extent of the damage to the Kansas wheat crop after last weekends snow storm. The bulls need feeding everyday is the old saying. The areas around the Oklahoma pan handle seem worse hit due...

The US futures market eased a little last night as reality started to creep back in. Corn, soybeans and soft wheat were all lower while hard wheat managed to hold onto some of yesterday’s gains and remain at values close to where they were in the beginning of March....

Six hundred and seventy two, that’s how many days since Chicago nearby wheat futures last rallied more than 20c / bushel in one session. Yep, back on the 30th of June 2015. We’ve waited a long time. Sure we’ve seen sessions slip by more than 20c between then and...

Canola is interesting this morning, either there was some spread trade between ICE and Paris May futures getting liquidated last night, i.e. buy Paris sell Winnipeg, (or maybe some bargain option punting) or all this chatter about how dry it is in France and how big the Canadian canola...

US wheat futures rallied on the back of reports weekend weather could slip below freezing as far south as Texas. So far this morning I can’t find any actual weather models to back up that media release but hey, let’s just let the punters run with it anyway. Temperatures...

In the USA wheat futures continued to find a little support although in the case of SRW futures at Chicago that support only prevented further losses than the 1c/bu decline in nearby values. Spring wheat futures is where the interest lies. Looking at N.Dakota we see that as of...

The US weather map had a big bearing on Chicago grain futures last night. Heavy to very heavy rainfall is predicted across a large slice of the corn and soybean belt mostly east of the Mississippi this week. The wet weather is likely to create some sowing delays for...