The US drought map and the forecast of more hot, dry weather for the western corn belt played a big role in last night’s recovery in soybean and corn futures at Chicago. Wheat futures were supported not only by spill over buying from the row crops but also from...

Talk of severe thunderstorms leaving up to 14″ of rain in some parts of the central corn belt has done little to support US corn futures, which again slipped lower. Nearby corn, wheat and soybean futures all continued lower, closing with double digit declines. Winnipeg canola was back on...

US soybean futures were hit hard overnight, the Jan23 slot shedding 61.75c/bu, roughly AUD$32.00. The punters call the weather map the key to the decline. A quick look at the weather forecast for the US does have one questioning this reasoning though. Heatwave conditions over the next 7 days...

Day three of the US spring wheat crop tour wound up Thursday. Both durum and milling wheat fields were walked with projected yields coming in close to where the USDA had expected them to be. The scouts finished the week in Fargo after touring Minnesota where spring wheat was...

It’s all about soybeans, canola, and rapeseed this morning. There were some impressive gains at Winnipeg, the Jan23 contract pushing C$39.00 per tonne higher. Paris rapeseed futures were also firmer by the close, the Feb23 slot up E11.00 or about AUD$16.04 per tonne. Not as impressive as the ICE...

Corn up, wheat down and soybeans stronger, the nearby contract very much so. The strength in Chicago soybeans spilled over into both the Paris rapeseed contract and Winnipeg canola. Cash canola bids across SE Saskatchewan followed the futures market higher, a December lift up C$11.10 to close on average...

US grain futures were sharply higher in overnight trade, technical Tuesday, a dead cat bounce, we’ve found a bottom, who knows. This market is very volatile, and 24 hours is a long time for a grain speculator these days. According to this morning’s wires the crux of the rally...

The drier weather outlook in the US had a few punters back on the buy side at Chicago. Corn, wheat, and soybean futures all making some decent gains. Wheat managed to take back around half of Fridays losses. What rain that is forecast to fall in the US is...

US and EU wheat prices tumbled in overnight trade. An agreement between Russia and Ukraine to create a wheat export corridor the major influence. Paris milling wheat was back AUD$36.82 on the nearby contract, the December slot down AUD$33.51. The news also sent all three US wheat grades lower....

Soybeans were the biggest loser at Chicago overnight despite the handy US export volume reported. US soybean futures appear torn between reflecting the volume of recent sales and the expected increase in Chinese demand as the hog herd increases, and the increased competition from the S.American suppliers, the weaker...