Better production prospects and improved logistics and weather in South America continued to influence fund liquidation in the soybean pit. Thoughts that beans will also win out in the battle for area in the USA had a negative impact. Once technical resistance barriers were breached it didn’t matter what...

The weather map for the US wheat belt looks good for east of the Mississippi and north of Kansas but for a large slice of the hard red wheat belt the map isn’t as promising as some market wires might lead you to believe. Initially wheat futures in the...

Markets were a little side tracked with the London news but generally slipped lower on the back of weaker crude and a general fund liquidation of longs across the board. Technically we do see wheat slipping into oversold territory. Generally when the stochastic is at this level we typically...

Outside markets and a better weather outlook for the US hard red wheat belt pressured futures markets in overnight trade. US bank shares had rallied around 22% since the Trump victory in the US, some say yesterday’s adjustment was simply profit taking or a step back into the real...

There’s three types of market wires in the morning, there’s the factual one, it tells you what happened, no spin, no bias just straight up data. There’s the commentary from the floor, these guys are wired, they are full of caffeine, they know stuff, the media loves them and...

Generally speaking US and European grain futures were pretty quiet last night with two sided trade dominating the US session. The weaker USD prevented any further downside in grains while large world stocks of wheat prevented any upside in wheat. One interesting thing to come out of the US...

Weather forecasts in the US saw futures markets recover somewhat on Thursday night. The hard red wheat belt is looking to continue its current dry spell through to at least the middle of next week when light showers are expected  to cross SE Oklahoma but conditions will remain mostly...

Well the US Feb spoiled the show last night after doing exactly what the world had expected. Market analyst had factored in an increase of 25 points and that’s exactly what they gave them. The US Fed also suggested two or three more rate hikes of 25 points throughout...

In the US wheat and corn futures were generally mixed without a lot of variation one way or the other. Soybeans slipped 6 to 9c / bu, with the larger moves nearby. We also see ICE canola and Paris rapeseed weaker this morning, the stronger AUD against both the...

The market wires this morning are using the US weather map as a means to explain the sudden down turn in US wheat futures prices overnight. The SRW belt is looking to see a bit of rain this week but a closer look shows the HRW belt is not....