US wheat futures pushed higher in overnight trade, corn at Chicago was mixed but generally a smidge higher, soybeans where a little higher but wheat was the winner by a long shot. Chicago soft red winter wheat put on 30c/bu +/- across the 2022 contracts and kept the trend...

Volume in US wheat futures remains a little below normal, no one really willing to jump in on this market at these levels. Take HRWW at Chicago, the December contract is at 1101.5c/bu, that’s US$404.72 per tonne. Offers to sell out of the Pacific North West for the September...

I’m starting to read a lot more private analyst reports pointing towards a collapse in the US housing market, not the same as the 2008 collapse but fundamentally the same net result. The volume of speculation in the US housing, financial and commodities markets at present is worrying. A...

Wheat and canola futures saw some hefty downside on the nearby contracts overnight. Chicago SRWW and HRWW were sharply lower. In the December contract the SRWW product slipped AUD$13.00 and Dec 23 HRWW slipped AUD$16.50 per tonne. The prospect of some good rainfall across the driest parts of the...

Wheat and soybean futures in the US were a tad lower. Soybean prices falling on the back of speculation that the planting delays in corn could see late acres switched to soybeans. Considering the delays are generally in the north of the US and international values for corn look...

Taken from a market wire this morning this quote sums it up pretty well, “the last time US corn futures were this high, the US was suffering a once in a generation drought in 2012”.  Overnight US row crops, corn and soybeans, pushed higher. Soybeans dragged Winnipeg canola futures...

It looks like much of Kansas avoided a frost apart from the NW corner. Colby got down to -4C and Goodland -6C, but generally east and south of the far NW corner didn’t see the mercury drop below 1C. The NW corner of Kansas is one of the drier...

23/4/22 The Aussie dollar continued to fall in overnight trade, back sharply against the US dollar. The better yields in the US will continue to draw US dollars back to the US. The fall in the AUD is roughly equal to AUD$9.35 to wheat values vs US futures. The...

The US futures market saw some profit taking dominate wheat futures in overnight trade. One needs to remember that longer term, futures prices spend less than 5% of their existence, if any time at all, in the top 30% of historical prices. Those long wheat futures at these levels...

US soybean futures lent support to corn in overnight trade. The same weather fundamentals in the USA currently apply to both row crops. Wet, cold weather in the forecast and over the last week have most analyst expecting a slow start to the sowing season for both corn and...