Bargain hunters were active in US grain futures overnight. The recent decline in prices making the market ripe for the punters. Wheat, corn and soybeans all closed in the black and generally towards the sessions high. Outside markets were stronger with Wall St climbing after the US Fed said...

International news is a little light on this morning. US wheat futures continued to push lower with all three grades slipping away. Fundamental news was not that bearish. US weekly wheat export sales were good, demand is fair and the EU increased their annual export projection thus potentially reducing...

US grain futures were part of a broader sell off overnight. Fundamental strength in some grains were ignored as the funds took the opportunity to further liquid longs in corn, wheat and soybeans. Soybeans were hit hard, Chicago beans were back 21.5c/bu (AUD$10.90) by the close, only fractionally above...

US futures were generally softer overnight with soybeans and protein wheat the biggest losers. Looking at canola futures we see ICE canola was back C$1.80, roughly in line with the decline in cash bids across central Canada. At the Paris exchange rapeseed futures continued higher closing above E600 per...

Weekly US export sales for wheat were good and underpinned the wheat futures markets there in overnight trade. At 617kt it was above the average trade estimate prior to the report. Stronger wheat futures in the US rolled over to higher offers for cash wheat out of the Pacific...

International markets are still consuming the latest Stats Canada data. The reductions in wheat and canola were a bullish treat for a market which was in some sense beginning to stagnate a little. Overnight cash prices for spring wheat out of SE Saskatchewan rallied C$6.20 for a December lift,...

Stats Canada updated production estimates for grains overnight.  All wheat pegged at 21.714mt compared to 35.183mt last year, that’s a reduction of almost 13.5mt. The durum number was pencilled in at 3.545mt, a little higher than some had expected to see. Some recent reports from state and private analyst...

Canadian cash bids were mixed, spring wheat flat, durum sharply lower again and cash canola generally following both ICE futures at Winnipeg and Paris rapeseed futures higher. The harvest pace has picked up in Canada, with recent showers receding, allowing for good weekly advances. This seems to be the...

Sometimes you can look through the USDA WASDE data and think “yeah, fair enough, looks about right”, other times you just kind of sit there with one eyebrow cocked wondering what the USDA have been putting in their coffee. Last night’s report  had some good bit and some not...

With a USDA WASDE report out tonight the markets continued to see long positions liquidated putting pressure on US grain futures overnight. Wheat, corn and soybeans all closed lower. Higher grade wheat was hit hardest as it had been the most heavily speculated in recent months. The weaker futures...