The jump in US wheat futures overnight was attributed to both poor crop ratings in the US along with a slow harvest pace, as well as developments in the Russia / Ukraine war. With just 37% of the US winter wheat crop in the bin it is starting to...

Algeria picked up durum this week. Algeria don’t make their tender results public. The trade tend to speculate on both price and tonnage which are later confirmed by sellers in one way or another. The price is being assumed to be around US$386 CiF. The seller/s are expected to...

The only green on the board this morning is again in the oilseeds. Chicago soybean futures managed to keep the momentum going and closed 24.75c/bu (AUD$13.63) higher in the Sept 23 slot, and again lending a hand to Paris rapeseed. The Winnipeg market was closed due to the Canada...

US grain futures again suffered through another volatile session. Data from the USDA acreage and stocks report set the tone for the session. Wheat was lower, SRWW futures at Chicago shedding AUD$9.24, while HRWW was mixed. Spring wheat futures at Minneapolis were a tad weaker while values out the...

Corn futures at Chicago continued to be pressured by a better weather outlook for the central corn belt. There were reports of strong winds associated with a severe storm that crossed SE Iowa, central Illinois, and southern Indiana, possibly laying large swaths of corn flat. This should be confirmed...

Another ugly night in the world futures markets. Corn futures at Chicago were hit hard for a second session, soybeans followed, back 30c/bu (AUD$16.70) in the new crop and 44c/bu (AUD$24.50) nearby. Wheat was again caught up in the action, dragged lower. Even the HRWW contracts was lower, shedding...

It’s a bit ugly out there in the global grain futures market this morning, no green anywhere. US corn, wheat and soybean futures were sharply lower. Paris milling wheat futures and London feed wheat futures also fell away. The weaker soybean market at Chicago spilled across as losses in...

To tell you the truth I wasn’t sure what to expect after the weekend’s effort. For anyone to think they have half a handle on what is likely to unfold in the Russia / Ukraine war they’d have to be dreaming, maybe a vodka fuelled nightmare would get you...

Chicago corn and soybean futures were sold off last night, dragging wheat lower just as it had dragged wheat higher earlier in the week. The US weather map is looking better, not great, just better, for the central corn belt. The fall in corn futures at Chicago was probably...

Corn futures at Chicago took a breather, soybean futures took it one step further and crawled off to the spare room for a nanny nap, leaving the party to the wheat punters. SRWW continued to chug a little higher, less corn potentially equals more SRWW demand, I guess. At...