Corn futures at Chicago couldn’t do it but wheat managed to close in the green. One would think given the current weather conditions in the US that the fear would lay in the corn crop. Granted that a lot of the corn crop is still standing in relatively moist...

It was pretty hot in parts of the US spring wheat belt yesterday. I bet there are not too many people living in Montana that had seen a 46C day there before. The SE corner of Montana and western parts of the Dakotas experienced what the Nevada folk experience...

US wheat futures closed in the green making good gains across all grades of red wheat. Weekly US export sales were a bit rubbish, 313kt, but the trade wasn’t exactly punting on a big number, guessing 250k-600kt prior to the release. There’s a USDA World Ag Supply and Demand...

US futures went through a round of technical selling over night after week on week gains. Profit taking resulted in declines for soybeans, wheat and corn futures at Chicago. The decline in futures were reflected in cash values for wheat out of the US Pacific Northwest. The HRWW day...

The news is that China has bought at least five cargoes of US soybeans, around 300kt for Sept / Nov delivery. There’s been no official confirmation of the deal, and there is also trade speculation that the sale could have been as large as 600kt. The news pushed Chicago...

The French wheat crop rating is starting to reflect reality now. Weeks of below average rainfall and then a heatwave, moved southern fields into harvest quickly and clipped the yield potential of wheat in the north. Week on week the condition rating for French soft wheat fell 6pts to...

US weekly wheat export sales were poor. At 300kt it was at the low end of trade estimates, 300-600kt, leading up to the release of report. Soybean numbers were abysmal while corn fared a little better, but not great. The old saying is “the bulls need feeding every day”...

The screen has a lot of green on it this morning. US wheat, corn and soybeans at Chicago are all higher. There are gains in EU milling wheat and London feed wheat. Paris corn futures were either side of unchanged, and Paris rapeseed closed up €4.00 in the February...

Winnipeg canola and Paris rapeseed futures rejected the recovery process going on in the Chicago wheat, corn and soybean pits. Instead plotting its own course lower. Winnipeg canola futures shed CAD$8.80/t in the January 2027 slot while Paris rapeseed fell €6.00/t in the February 2027 slot. WTI crude oil...

The US weekly crop progress report was out overnight. Not that anything in that report was likely to change the direction of the US futures market. A sea of red is on the screen this morning. Wheat, corn, soybeans, US grains all sharply lower. End of month positioning, probably....