The US wheat market appears torn between harvest pressure and the impact that recent flooding will have on both supply and quality. Wheat futures were having none of it, harvest supply pressure the main influence, and generally winning out. It’s crazy to see flooded US spring wheat fields on...

Chicago wheat and corn futures continued to push lower. Soybeans closed in the green, dragging ICE canola futures at Winnipeg higher. The move higher in Winnipeg canola and Chicago beans was not reflected in Paris rapeseed futures which closed flat to lower. Both London feed wheat and Paris milling...

US grain futures were lower again overnight, wheat, corn and soybeans all having double digit losses. The AUD shed 0.24%, helpful yes, but hardly enough to make a mark in the conversion of these losses to AUD per tonne. For nearby SRWW at Chicago the loss in futures is...

A public holiday in the US leaves us with little direction from the N.American market this morning. Futures and cash values out of the US are unchanged from yesterday. Canadian cash values XF SE Sask were generally flat for milling and durum wheat. Canola values, both ex farm and...

US wheat futures continue to drift lower, the funds continue to build a sizable net short position with the aid of harvest pressure. Values at Chicago and Minneapolis closed lower, as did cash values out of the Pacific Northwest. White wheat values out of the PNW were lower by...

US wheat futures were hit pretty hard overnight. The AUD done nothing so we don’t have that as a buffer today. Yesterday saw a slight increase in old crop APW basis Chicago SRWW, but I can’t see local basis jumping to +60c this morning to cover the downside. I’ll...

US wheat, corn and soybean futures all pushed lower in overnight trade. The weaker soybean market spilling over into the ICE canola contract at Winnipeg, values there closing the session sharply lower. In AUD terms nearby canola futures were back AUD$20.99 / tonne. Moves in the Jan25 contract were...

Chickpea values at the Delhi market made a slight recovery overnight, taking back a slice, but not all, of the current week on week losses. An 88Rs/Q jump in price is roughly equivalent to AUD$20.42 / tonne when taking the daily move between the Rs and AUD into account....

I may have jumped on the wheat bull wagon a little early yesterday. The technical Tuesday recovery now appears to have been nothing more than a dead cat bounce. US and Paris wheat futures both shedding value overnight. The biggest thorn in our side today will be the jump...

The sharp move lower in US wheat futures on Monday was not repeated last night. There were a lot of analyst wondering why US futures were falling as Russian wheat productions estimates were only getting lower. To see wheat cheaper on the back of that kind of fundamental news...