US wheat futures, and cash values out of the Pacific Northwest, continued to push higher overnight. Short covering in all grains was a feature as the funds continue to liquidate some of the massive sold positions they have built over the long term. Fundamental support came from a flurry...

A number of international events went towards a recovery in US wheat futures overnight. There’s both fundamental and political influences at play now. There was a degree of technical buying, managed money shorts finding some coverage. If global events suddenly turn bullish grain, the funds may find themselves having...

The Labour Day holiday in both the US and Canada has left the international markets a little thin on information this morning. The Paris and London markets were active but the movement in most grains was subdued. London feed wheat gained £0.50/t in the Jan 25 slot, Paris milling...

US wheat futures were higher overnight, that is a week of higher closes for HRWW futures at Chicago. The nearby contract put on 32.5c/bu this week. At today’s exchange rate that is worth about AUD$17.65 / tonne. Compared to last Friday’s close, week on week, new crop H2 NTP...

Chicago SRWW saw steady gains in overnight trade, HRWW and Spring Wheat were more subdued, HRW moving just 0.75c/bu higher on the nearby. Good weekly US export sales were the key driving force behind the move. At 532kt is the highest weekly US sales total in six weeks. Asian...

Argentina is still contending with less than ideal conditions for its wheat crop. Looking at rainfall data from WorldAgWeather.com shows that heavy falls over the last 2 weeks had generally missed much of the western wheat regions of Cordoba and Santa Fe. Falls were light across the state of...

US and Paris wheat futures closed in the green last night. The first higher close day to day that we’ve seen in nearby Chicago SRWW futures since this time last week. Call it technical Tuesday, bottom feeding, turnaround Tuesday, call it what you will, but fundamental changes to world...

US wheat futures were generally lower, HRWW futures did kick the trend nearby though, the Sept and Dec contracts closed in the green. Paris milling wheat followed the generic market lower, shedding €5.00 nearby and €3.50 in the December slot. Cash bids ex farm SE Saskatchewan were also lower,...

It was all about 2 things last night. The US dollar and soybeans, the rest, well they generally continued on the same path lower that’s been set by the funds for weeks now. The FED confirmed their intention to start to lower US interest rates. It’s about 3 weeks...

There’s not many green markers on the board this morning. London feed wheat £3.30 lower in the Jan25 slot, Paris milling wheat €2.25 lower in the Dec24 slot. All three US traded grades of wheat futures are lower, Minneapolis spring wheat leading the way. As if that’s not depressing...