Iraq picked up 100kt of US wheat for October shipment over the weekend.  The price was huge, some say the US hard red winter wheat was priced at US$494 CiF. Iraq is expected to purchase around 4.5 to 5mt of wheat this marketing year. A slight increase as they...

US markets will be closed on Monday for the annual Labor Day holiday. Overnight Chicago corn, wheat and soybeans all closed higher, bouncing off yesterday’s lows. Strength in soybeans rolled through to both the Paris rapeseed contract and the Winnipeg ICE canola contract. Cash prices across SE Saskatchewan for...

US wheat futures took direction from the obvious fundamentals developing around the world and fell sharply. A huge Russian wheat crop, talk of a global recession and a stronger US dollar all very bearish factors today. Back in 2019 the world was on the brink of a major recession....

Warmer, dry weather will allow much of the US plains to get started with harvest or finish up for those that have been going for a while. Spring wheat is coming off as far north as the Canadian border now and parts of the Saskatchewan durum belt have also...

All three milling wheat futures contracts in the USA were lower in overnight trade, the SRWW contract at Chicago leading the way. Technically the wheat contract was due for a little profit taking and this coincided with thoughts that the world may be heading towards an economic slowdown……. Sherlock...

Chicago corn, wheat and soybean futures all bounced higher in overnight trade. Technical buying helped push futures higher. There may have also been some inflow of money from Wall St as the Dow fell 732 points on the back of the thought interest rate rises are still on the...

Profit taking dominated the US markets with soybeans, corn and wheat futures all falling against a possible uptick in demand. I say possible increase because the number the USDA put out, soybeans at 300 million bushels, should have sent the market surging higher. The punters instead dismissed the number...

US grain futures were mixed last night, corn was a smidge firmer nearby while a smidge weaker in the outer months. Soybeans were back a little, leading the oilseed markets lower with both ICE and Paris canola slipping away. Wheat futures found support, the rally countering the move higher...

US wheat futures found spill over support from the corn and soybean pits which found their support from lower G/E ratings on Tuesdays weekly crop progress report. Fundamentally wheat has little reason to rally from a global perspective. Increased competition from the Black Sea and confirmation Germany will see...