Cash bids across SW Saskatchewan were generally lower yesterday. Durum finding the most support of the grains, now showing a premium over spring wheat in both the new crop and old crop. The average ex farm bid across SW Sask was C$293 for a Dec21 lift. On the back...

Wheat and soybean futures at Chicago were down sharply overnight. Corn faired a little better with minimal losses. The selling in the Dec21 wheat contract has continued into the overnight session there. Looking at the charts wheat for the Dec slot is now very much over sold. A stark...

US wheat futures of all three grades failed to follow corn futures higher overnight. The biggest loser was spring wheat futures. The 7 day weather forecast for the US shows falls of up to 20 – 40mm pushing across the dry parts of the US spring wheat belt and...

Nearby Chicago corn futures were again sharply lower in overnight trade. Wheat and soybeans failed to be influenced by corn and managed to close in the black. HRW futures were not as convincing closing fractionally either side of unchanged. Movement in the MGEX spring wheat futures almost mirrored HRW...

Big moves lower in Chicago corn, wheat and soybeans overnight. It’s pretty hard to ignore these kind of moves lower. Yes I know the trade tend to exhibit an ability to ignore moves like this when they go higher but as a rule sharp moves lower like last night,...

The USDA World Ag Supply & Demand report dominated last night’s markets. A brief look at the report reveals the following points of interest. Wheat: The USDA’s first stab at the 2021-22 crop is out. Global production is estimated at 788.98mt, that’s 12.88mt bigger than last year. A reduction...

Corn and soybeans futures at Chicago dragged wheat higher in overnight trade. The punters are backing a significant decrease in both ending stocks or corn and beans thus the dip in futures on Monday was viewed as a buying opportunity. The expected return to more seasonal rainfall across the...

Corn and wheat futures at Chicago have been overbought for some time now but last night’s “correction” ahead of the USDA report may go some way to seeing a decline in the massive speculative longs built up over the last couple of weeks ………. may. The trade didn’t need...

Chicago futures closed the night higher again. Week on week gains are pretty impressive, capped somewhat by the sharp drop on Monday but healthy all the same. June SRWW gained AUD$12.65 on last Friday’s close and Dec21 is up AUD$15.23 for the same period. Compare this to local increases...

Chicago corn, wheat and soybeans continued higher overnight. Soybeans the clear winner in this session. The knock on effect obvious with ICE canola with the May and August contracts both moving C$30 higher. Paris rapeseed futures were also firmer putting on €18.25 on the nearby and €15.75 for the...