Not exactly a volatile Chicago market for corn and soft red winter wheat, both making relatively small moves either side of unchanged. Hard red winter wheat at Chicago and out of the Pacific Northwest kicked the trend in SRWW and corn, and managed to push higher. Soybean at Chicago...

US grain markets were a bit of a non event last night. Wheat and corn futures remained generally flat, while soybeans were 10-11c/bu higher by the close. The stronger close in soybeans at Chicago rolled across to a better close for Winnipeg canola futures, up C$8.00 on the nearby...

USA weekly net sales for the week January 5th to 11th for sorghum were 201,800 tonnes for the 2023-24 marketing period, up 52% from the previous week. China picked up 199,200 tonnes of that. Weekly export volume for US sorghum set a marketing year high of 354,100 tonnes, China...

Chinese imports for the year January 2023 to December 2023 are interesting. Wheat imports were estimated at 12.1mt, +22% year on year. Corn imports were up 32% year on year to 27.13mt, that’s interesting given the massive feed wheat crop they harvested. Barley imports were also much higher year...

US wheat futures were flat to softer. The weakness in HRWW and spring wheat futures were not reflected in cash values out of the Pacific Northwest. In fact when converting PNW values to AUD per tonne prices there are roughly AUD$3.00 to AUD$5.00 higher apart from white wheat, which...

The US market was open again after a long weekend. The punters took the path of least analysis and pressure was again exerted on the market from the WASDE report last week, and prices were generally softer across the board. The one real surprise, to me anyway, was Chicago...

With the US markets closed for Martin Luther King Jr day there’s not much to read out of the USA this morning. The weather in the US has been pretty harsh over the last few days, blizzards closing highways as far south as Kansas. In Montana temperatures are currently...

The WASDE was out last night and as expected the biggest losers were corn and soybeans. World ending stocks for corn, wheat and soybeans were all higher than trade estimates prior to the release of the WASDE. Corn was by far the biggest surprise. The avg trade estimate for...

Another poor session for US wheat futures. Corn was pressured by lower wheat and a better outlook from the S.American corn crop. Chicago soybeans closed flat to a smidge firmer. The fact the soybean market didn’t fall further was all the Paris rapeseed and Winnipeg canola market needed to...

It was very much a pre WASDE report type market across US futures last night. The USDA will present their first World Ag Supply and Demand Estimates report for 2024 on Friday night our time. I’ll have a dig into it on the Saturday morning comments. No one is...