As one market wire states this morning, “the bears are in control today”. US futures were softer across the board bar HRWW futures, which appears to be torn between following the rest of the grains lower and the weather forecast. The forecast for the USA still looks a little...

We get the first official USDA weekly crop progress report on the 7th. The current winter wheat crop rating across Kansas improved 1pt this week, the Good / Excellent rating now pegged at 49% G/E. The Oklahoma rating fell sharply to 37% G/E, a week on week change of...

There’s a little more green on the futures boards this morning. Chicago soybeans done a bit of a reversal though, bucking the recent trend higher. The slippage in beans weighed on Paris rapeseed futures and nearby canola futures at Winnipeg, but Winnipeg continues to recover in the outer months...

The oilseeds are the only ray of light in the futures markets this morning. Chicago soybeans closed 6.25c/bu higher nearby and +8c/bu (AUD$4.67/t) in the Sept slot. The strength was across all the oilseeds. Paris rapeseed, Winnipeg canola and palm oil all closed higher. Palm oil impressively so, up...

There’s a lot of red on the screen for international grain futures this morning. Chicago corn, soft red winter wheat closed a smidge lower while the higher protein milling wheat grades were a smidge higher. London feed wheat, Paris milling wheat and Paris corn futures all closed lower. Paris...

Chicago wheat futures continue to push lower, technical trade for end of month, end of quarter reporting appears to be eliminating speculative longs in wheat and corn. Soybeans at Chicago closed either side of unchanged. Winnipeg canola continued the bounce, gaining C$5.70/t in the Jan 26 slot. Paris rapeseed...

There’s not a lot of green in international grain futures this morning. US wheat futures saw all three grades with double digit losses in USc/bu. Nearby soft red winter wheat at Chicago fell the spot rate equivalent of AUD$5.85 / tonne overnight, the slightly firmer AUD compounding the loss,...

International grain futures consolidated last night, US wheat futures were generally flat to a smidge higher while corn and soybeans pushed lower. The move in soybeans weighed on Winnipeg canola, not that Winnipeg canola doesn’t have enough to worry about at the moment. The Jan26 slot for Winnipeg canola...

In global grain futures Chicago corn and soybeans closed a smidge higher. Nearby corn was the better of the mix, moves there rolling across to better cash values FOB for sorghum out of the Gulf too. Sorghum values C&F China, although a little higher, did not follow the move...

The overnight trend in international wheat values is generally lower. French values kicked that trend, closing a couple of dollars higher, but weakness in US futures did roll across to lower cash values out of the Pacific Northwest. Cash values for hard red winter wheat out of the PNW...