US wheat futures responded positively to the USDA weekly crop progress report. The decline in quality for winter wheat was expected but still managed to put the brakes on the decline in SRWW and HRWW from the previous session. The report held the first condition estimate for both corn...

The USDA weekly crop progress report was out after the close of the day session in the US last night. Corn sowing continues to progress well in spite of some heavy rain in some locations. Corn is now estimated at 87% sown versus 85% for 5 year average. The...

The international markets remains focused on dry conditions across the north of France, hot dry conditions in the major winter wheat producing region of China, recent flooding and water logged fields in Argentina, and drought conditions across SE Australia. France has seen little rain across the northern half of...

The US dollar fell sharply on Friday after Trump again threatened to place steep tariffs on European imports to America. Trump floated the idea of a 50% tariff on EU goods as he remains unhappy with the current pace of negotiations with the EU. The move lower in the...

Buenos Aires Grain Exchange announced they are expecting to see Argentine soybean production estimates reduced a little after flooding hit northern Buenos Aires late last week. A quick look at WorldAgWeather.com shows falls of 100-125mm in the region over the last 7 days. Rainfall was generally restricted to BA...

Rain across southern Italy has damaged durum fields across Sicily and Apulia. Harvest was just getting going in the far south, this rain has come at a very bad time. The heaviest falls laid durum crops flat. The forecast is for showers to clear, allowing those who can harvest...

Wheat futures at Chicago triggered some technical buy signals overnight, closing above both the 5 & 10 day moving average. The punters are comparing the recent trend higher in wheat values there to the move we saw at the beginning of April. I tend to think that the move...

There are a couple of things at play here, poor weather in Europe and good weather in the US. You may not think that looking at US futures versus Paris futures though. Chicago wheat, corn and soybeans all closed in the green last night. Paris milling wheat was back...

US wheat futures fell moderately lower overnight. Bearish data from the US hard red winter wheat crop tour was said to be part of the pressure. The 3 day tour wrapped up with an average Kansas wheat yield estimate of 53bu/ac, 3.56t/ha, not huge, but it’s actually a 4...

Canola and rapeseed got caught up in the sell off in Chicago soybeans last night. Winnipeg canola was hit the hardest, shedding C$27.04 for nearby pickup ex farm SE Saskatchewan according to price reporting platform PDQ. Canadian new crop canola was also hit, a Sept lift shedding C$23.60 /...