Soybeans were the worst performer last night as the USDA planting intentions report showed the US is expected to put plenty in and why not, there’s no money in anything else for the US farmer. This year the US is expected to sow 89.5 million acres of beans, that’s...

US grain futures were generally lower across the board with weakness leaking into the ICE and Paris canola contracts as well as London and Paris wheat. Futures at Chicago are generally oversold and should start to see some technical support as we move into April / May. This will...

In international markets we see Algeria picking up 200kt of durum wheat, the guess at the moment is this sale was made by Canada and the USA, most likely Canada but we should see further data on this May sale as the week unfolds, hopefully with a price and...

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...