Canadian durum values were sharply lower overnight. PDQ reports the average farm gate price out of SE Saskatchewan fell by CAD$21.55 / tonne yesterday, closing the day bid at CAD$283.79 / tonne for a December lift. It’s hard to be accurate when converting the SE Sask durum number to...

The USDA weekly US crop progress report was out yesterday. Corn is now 83% dough stage and 7% mature on average. The G/E condition rating was stable at 51/20 = 71% versus last week at 50/21=71%. 4% of the US soybean crop is dropping leaves and the rating was...

I get asked what I think wheat will be worth in 3, 4, 6 , 12 months often. Fair enough given what I do. The outside influences are always the same. The weather, politics and currency. This can make it appear hard, very hard sometimes, like now, when politics...

Chicago grain futures were mixed, soft red winter wheat was either side of unchanged, hard red winter wheat was lower and MGEX spring wheat followed the lead from SRWW, up 0.25c/bu nearby and unchanged in the Dec slot. The big news came from the currency market. The US FED...

Punters, maybe a day late, jumped in on Chicago corn futures last night. Good US weekly exports, last week, and a couple of good flash sales this week gave the market a sniff of optimism even though the US corn crop is projected to be significantly bigger year on...

Chicago corn futures basically ignored news of two flash sales during the day. Around 227kt of corn was booked, having little impact on futures values. The trade appeared happy to stand back and wait for the USDA weekly sales report data for last week, due out tomorrow. Chicago SRWW...

International futures markets for grains were generally lower. MGEX spring wheat was one of the few grains that bucked the trend, closing higher by a very small margin. Hard red winter wheat was the weakest of the wheat contracts. This rolled across to slightly lower values out of the...

The USDA US weekly crop progress report was out after the close last night. 3% of the US corn crop is rated as mature now, with 72% of the corn crop in the dough stage. The crop condition rating for corn slipped from 52/20 – 72% G/E last week...

The dollar was a smidge higher this morning, only +0.17%, not enough to take a significant amount away from international cash or futures conversions. Generally grain prices around the world were flat to lower for cash and flat to firmer for futures. Premium wheat moved lower out of Canada...

The weaker AUD is countering most of the negativity in world cash and futures markets for grains last night. The AUD is weaker against the US dollar. The odds appear to be back on for a rate hike in the USA as tariffs increase the cost of goods, thus...