US spring wheat and hard red winter wheat futures succumb to some profit taking overnight. Looking at spring wheat cash bids in the USA they did not move in unison with the futures market. While MGEX spring wheat futures slipped 22.5c/bu the cash market there actually rallied 26c/bu. This...

An unusual night in US grain futures with a combination of technical squaring, buying, ahead of the US quarterly stocks report and relief / concern after recent heavy rain delivered good moisture to some dry location but flooding rain to others. The row crops saw the most volatility, corn...

US grain futures were again sharply lower in overnight trade, corn, soybeans and both wheat contracts at Chicago closed the session lower. Spring wheat futures at Minneapolis continued to push higher. Spring wheat cash bids were also sharply higher, the MGEX cash market now trading at over 940c/bu (AUD$455/t)....

The International Grains Council, IGC, had their monthly stab at the world grain market S&D last night. The take home message from the report was lower carry in and low carry out thanks to increased demand for corn, wheat, soybeans and sorghum from China and lower corn production in...

The three forecasting models used by World Ag Weather .com all tell a similar story for the US and Canadian spring wheat belt. The Canadian model is particularly pessimistic with next to nothing showing for the parched regions of southern Saskatchewan, including N.Dakota and eastern Montana. The GFS model...

US grain futures are harder to pick than a broken nose these days. The spring wheat futures market at MGEX did perform as expected but probably by about half the value one may have considered given such a sharp drop in the condition index in yesterday’s USDA crop progress...

In the US futures market overnight we see Chicago soybeans again firmer. Chinese demand and thoughts that the previous dry weather may have pruned US yields a little were said to be the key but more than likely we are still seeing a few bargain hunters active and thoughts...

The bottom feeders took the opportunity to buy after the last session in the US crucified soybeans and corn. Was it a bear trap triggered, was it fund liquidation to find greener pastures, maybe the next CFTC report will shed some light on speculative money flow but for now...

It was all about Chicago corn and soybean futures last night. Soybeans were crushed, absolutely smashed, losing 118.75c/bu (AUD$57.78) on the nearby contract. Outer months were also sharply lower, Jan 22 down 89.5c/bu (AUD$43.55). Corn futures were also caught up in what was initially described as a “weather driven...

Chicago soybeans were once again sold off. Technical support is likely to start creeping in soon but the punters live by the saying “the trend is your friend” and at present that trend is down. The weakness spilled into both Paris and Winnipeg oilseeds with canola and rape both...