The market wires are telling us that the pressure on grains is coming from lower crude oil futures this morning. Talks between Iran and the USA will be crucial in determining the future direction of crude oil, but at the moment the punters can see an end to war...

Corn and soybean futures at Chicago closed in the green. Some wires already announcing the start of the new rally, obviously those on that side of the fence have a book to talk this early in the “recovery”. Both Winnipeg canola and Paris rapeseed futures moved higher. Cash canola...

US wheat futures pushed lower again overnight. Ignoring the further deterioration of the US winter wheat crop, and instead concentrating on sowing progress for spring wheat and international values. Volume in the July slot was high with 69,341 (9.43mt) contracts changing hands, open interest is still over 33mt. S.Korea...

The USDA weekly crop progress report is the focus this morning. Corn planting has progressed to 86% complete and the crop is 60% emerged. The sowing pace is bang on the same rate as last year and 3pts ahead of the 5 year average. The condition rating is expected...

A public holiday in the USA will delay the release of their weekly crop progress report by one day, it’s due out tonight. Over the last 7 days the US Midwest, and most location east of the Mississippi, have seen some good rain, 25mm to 75mm across Iowa, Missouri...

International futures markets were mixed, wheat a smidge lower in the US and France, corn, soybeans, rapeseed a smidge higher. There wasn’t a huge swing one way or the other, but I continue to find it odd that wheat is slipping considering the conditions in the US and a...

Net US export sales data show good volume for corn, 2.125mt booked, that is well above the average trade guess leading into the report, which was only 1.6mt. Soybean sales volume was ho-hum at 351kt, in the middle of the pre-report trade estimates. Wheat was terrible, as expected. The...

It appears the Monday rally in US wheat futures was nothing more than a dead cat bounce, failing to run anywhere and threatening to die in the meantime. A bit like the US hard red winter wheat crop, that the punters appear to have forgotten about until the next...

World grain futures markets appeared to have taken half a breather last night. Digesting the Xi / Trump brief, the USDA crop progress report and falling demand for wheat as US, Argie, EU and Aussie prices remain high, or climb a little higher, may take time. Black Sea wheat...

The weekly USDA crop progress report was out overnight. Corn sowing has progressed to 76% complete, bang on the same as last year and 6pts ahead of the 5 year average. Soybean sowing is also progressing well, at 67% sown it’s above the pace of last year, and the...