At a glance the February WASDE report isn’t bearish wheat but looking further into the data you tend to realise it’s not that bullish either. At a glance the 1.26mt reduction on world ending stocks looks promising. Drilling down a little into the data reveals that ending stocks from...

We have a USDA World Ag Supply and Demand Estimates report due out tonight. There’s plenty of speculation and positioning in the futures market leading up to the report as usual. Analyst expect to see a reduction in both US corn and soybean carryout and US wheat stocks are...

All major world grain futures markets were softer overnight, bar Winnipeg canola. Not sure what that’s about, maybe they are just happy they are still not part of America. Chicago wheat, corn and soybeans all closed in the red. Wheat handed back a slice of yesterdays sharply higher close...

US and European grain futures were higher overnight. US wheat futures were the clear winner, Chicago HRWW and SRWW futures both seeing double digit gains on the back fund short covering. Minneapolis wasn’t far behind though. Corn and soybeans at Chicago were more subdued, making small gains across nearby...

Wheat and soybean futures at Chicago saw some profit taking after recent moves higher. Chicago corn fumbled around, influenced by weakness in both the bean and wheat pits but managed to close the day a smidge lower nearby but unchanged to a tad higher in the outer months. There...

Trump held off on the implementation of tariffs against Mexico and Canada but implemented tariffs against China. China then confirmed their introduction of tariffs against a raft of US products. This includes a 15% levy on LNG and coal, 10% on oil, farm gear and possibly electric trucks from...

US and EU grain futures staged a slight recovery overnight. Improvement in US soybean values dragged both Paris rapeseed and Winnipeg canola futures higher. Better closing corn futures saw some improvement in FOB values for sorghum out of the Gulf but Chinese values continue to show little desire to...

World grain futures values closed lower overnight. Trump tariff concerns and pressure from lower closes for the US stock market and crude oil all weighed on the grain markets. After a couple of higher closes in wheat there was a degree of profit to be had. All three US...

Soybean and corn futures at Chicago bounced back after the previous session saw some profit taking temper the move higher. Neither product was convincingly higher, soybeans in the May slot closed up 9.5c/bu (AUD$5.55/t). The lent a little support to both Winnipeg canola futures and Paris rapeseed futures, the...

US markets were closed in recognition of Martin Luther King Jnr day. London feed wheat was a little lower, shedding £2.00 / tonne nearby and through to the May contract. Paris milling wheat futures shed €0.25 / tonne nearby and in the May slot. Paris rapeseed futures were higher,...