Paris rapeseed futures were hit hard last night. The nearby contract closed E19.50 lower, the Feb 24 slot was also lower, shedding E19.00 per tonne by the close. The weakness in the European market was felt in the Canadian market to a lesser extent. Canadian prices were pressured from...

US wheat futures pushed sharply higher again overnight. Hard red wheat and spring wheat led the way, dragging both soft red winter wheat and to a degree corn futures at Chicago higher.  HRWW was the leader, production issues in Kansas and delays in the spring wheat crop the catalyst...

Weekly US wheat export sales were up near the higher end of trade estimates combined with continued tension between Russia and Ukraine potentially jeopardising the continuation of the Black Sea Grain Corridor, to keep US wheat futures firmer. Although weekly US wheat export shipments were lower week on week,...

The wheat market is going to take a little digesting today. The response in US futures was excellent, maybe a little over cooked but time will tell us if that is so, I guess. Let’s have a look at the major influences that pushed wheat futures higher. I’ve covered...

Yesterday’s Egyptian wheat tender was interesting. It helped to discover price, but it also helped to discover what was not acceptable. Russian wheat was said to have been the cheapest at US$260 FOB. Ukraine wheat was offered at US$255.50 but had the proviso against the offer that it was...

Russian rockets raining down on Ukraine, more and more punters expecting to see the Black Sea Grain Corridor deal abandoned, much of western Kansas and eastern Nebraska still in terrible drought, the Canadian prairies and US spring wheat belt seeing big sowing delays. What do US wheat futures do,...

With the May futures contracts for wheat, corn, soybean, rapeseed, and canola all approaching first notice day, volume in the nearby contract is low thus we are seeing an increase in volatility related to fewer transactions having a larger impact on price. Look to the July or outer months...

US wheat futures and cash prices out of the Pacific Northwest continue to slide lower. I’ve attached a chart converting the PNW values for wheat back to a rough ex farm LPP price using China / Japan as a consumer base. The chart incorporates daily fluctuations in the value...

Local APW wheat basis to US wheat futures, (the difference between our cash price and the underlying futures contract for wheat at Chicago), continued to improve yesterday. Locally basis to the ASX was poor as local futures and local cash price slide lower in unison. The increase in basis...

I can find 5 market reports talking the price of grain higher, and I can find five reports talking the price of grain lower this morning. This just confirms this market is and will continue to be harder to pick than a broken nose in the short to mid-term....