The clear winner in last nights futures markets was veggie oils. Canola and rapeseed futures took back any weakness shown on Thursday and Friday and some. The Chicago soybean contract was also higher, closing up 16.75c/bu on the nearby. Canadian canola cash bids ex farm SE Saskatchewan jumped in...

Chicago soybean futures stumbled last night, putting pressure on both Paris rapeseed and Winnipeg canola. The weaker AUD countered the move at Paris but couldn’t counter all the weakness at Winnipeg. Indicating a day to day decline, in AUD / tonne when taking the move in the AUD into...

Looks like some profit taking in Winnipeg canola and Paris rapeseed overnight. Nearby contracts at both exchanges slipped away from recent highs. Taking the movement of the AUD against both the Euro and the CAD into account the nearby moves are equivalent to roughly -AUD$8.10 at Paris and -AUD$7.32...

Algeria picked up some durum wheat yesterday. Just to keep the speculation high, Algeria do not make public their tender results, so the following is a guess by some industry participants of what has been booked or is still transpiring. The tonnage is expected to be between 150kt –...

US wheat futures continued higher on technical trading, short covering. Fundamental support was said to be garnered from the recent Russian attacks of Ukraine port facilities. Values out of the Pacific Northwest of the USA followed the futures markets higher, hard red winter wheat and spring wheat values, both...

US wheat futures closed higher on the back of news that Russia had attacked grain infrastructure in Odessa and Mykolaiv ports. The lower volume in the days trade for nearby SRWW at Chicago was also seen as a factor to the increased volatility. Open interest remains exceptionally high. After...

Rainfall across the corn and sorghum regions of Argentina has generally been good over the last 30 days. Heavy general rain has been reported over the last week which will go a long way to helping crops recover from some late heat stress in the north. The crop rating...

US wheat futures were lower. The Chinese cancellation announcements appeared to be the major influence but there was also technical selling in the wheat pit. Fundamentally the impact the Chinese cancellation of US and Australian wheat will have longer term on the market will depend on if they re-enter...

There’s an increasing amount of speculation that the bottom for wheat might be in, for futures at least. The funds appear to be covering their short position at both Chicago and Paris. To date this has been done in a relatively orderly fashion, although the volatility in HRWW futures...

I don’t think I’ve ever seen the 5 nearby corn contracts at Chicago all close unchanged before. It’s not like there was a lack of volume in the May contract either. Approximately 121,994 contracts changed hands, that’s 15.24mt, in a range of just 7c/bu. Some reports assume that without...