Global futures markets were a sea of red last night, even NCDEX chickpea futures in India slipped AUD$38 / tonne. Wall St didn’t offer a safe haven with the Dow slipping 260 points. The catalyst was the kinder weather forecast for the USA. A round of profit taking then...

The wheat harvest in Russia is underway with fields being harvested across Krasnodar region and also parts of the Volga Valley. Early yield reports are impressive with records being taken in some fields. Early days. Also some rain in the Russian spring wheat regions. The impressive start to the...

With western Saskatchewan swelting in extreme heat, over 39C in some locations. The spring wheat and canola markets remained positive overnight. Spring wheat less convincingly, it’s probably feeling pretty top heavy about now considering we are basically moving into the middle of the HRW harvest in Kansas and yields...

A night of profit taking as the funds moved money out of grains and back into Wall St. Wheat was hit the hardest as it was generally a follower of the row crops on Wednesday. Hard and soft wheat futures at Chicago closed lower than spring wheat futures at...

Don’t like the price direction in US grain futures, simply wait another session or two and presto, it changes, a lot. Corn futures at Chicago saw limit up moves in the new crop contracts, Sept 21 > May 22 all up 40c/bu (AUD$21). Chicago soybeans were up 80c –...

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...