Chicago corn and wheat staged a slight recovery after sharp losses on Friday. Soft red winter wheat and hard red winter wheat performed better than the spring wheat contract at the Minneapolis exchange. Spring wheat values are still under some pressure from the better than expected yield estimates gathered...

Canola and rapeseed futures handed back a bunch of value last night. Paris was sharply lower, down €12.75 in the Feb 25 slot, Winnipeg was worse, shedding C$23.40 per tonne in the January slot. Combine these reductions with a slightly firmer AUD, and cash prices in both Canada and...

As much as the lower AUD is helping, it may not be able to counter 100% of the move lower in US, Paris and London wheat futures overnight. All three major grades of wheat in the US pushed lower. Paris milling wheat futures closed €4.00/t lower in the December...

International grain futures markets appear to be consolidating around current values. That is except for canola and rapeseed, which have all but ran their own race over the last week or two. Both canola and rapeseed futures gave back some of the recent gains in last night’s session. Paris...

US wheat futures handed back recent gains and thus continued on their path lower. Chicago corn futures found support from technical trade, and also news of an export sale of 200kt to an unknown buyer. US internal cash bids for corn were mixed, some locations increasing basis while others...

The US markets were generally technical in nature last night. The funds hold a record short in some grains and with harvest starting to wind up in the US there’s potential that managed money may start to take profit and relocate these funds to a more volatile position. Some...

US wheat futures were mixed, generally finding support from short covering in the futures market and a reduction in the G/E rating of the French crop, which is now being harvested. French soft wheat fell from a rating of 57% G/E last week to 52% this week, that’s a...

Paris milling wheat followed Chicago soft red winter wheat futures lower. Hard red winter wheat futures were flat to firmer, while spring wheat futures gained 8.75c/bu (AUD$4.79) in the December slot. Cash bids for 1CWRS13.5 spring wheat across SE Saskatchewan were up roughly C$5.90 for a December lift, closing...

The bottom feeders are active in wheat, physical and futures. Egypt picked up 770kt of milling wheat, mostly Russian but also 50kt of Bulgarian. The value was poor, lower that anticipated, but the volume was more than was expected. Algeria had a 50kt tender filled, Algeria do not make...

Chicago saw some bargain buying, but mainly in corn futures. Wheat, at this stage, remains the red headed stepchild and was again forced into the broom closet for another night. Outside markets helped US corn futures too, the punters pushing the Dow to another record high of 40,880, while...