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...

It’s more of the same on the US weather map. The spring wheat belt is expected to remain hot and dry as harvest starts there while the lower Midwest and the hard red winter wheat states see cooler conditions and some good rain in the week ahead. This lack...

US futures values although slightly lower for the week do appear to be consolidating around these numbers. Technically the December soft red wheat and hard red wheat contracts at Chicago are looking a little oversold so we may see some support creep back into wheat in the new month....

There was a good mix of reports out last night, let’s look at the juicy bits. IGC, the EU equivalent to the USDA basically, came out with their monthly report that showed world wheat production at a four year low of 732mt. This is back 3mt on last month’s...