After a couple of days of lower closes technical traders push back into the US wheat futures market as buyers, now deciding that fundamental strength is the guide after a number of major producers reduced production estimates during the week. Locally we see Australian production remain strong with some...

Cash bids for both Canadian spring wheat and durum took a moment to catch their breath overnight, both slipping less than a dollar. To see durum values begin to consolidate at C$530 +/- a few dollars ex farm SE Saskatchewan is encouraging for the longer term price of durum....

It was a bit of a sell wheat / buy soybeans session at Chicago. Technical selling contributed to a round of profit taking in the wheat pit after a generally softer July. It’s harvest in the northern hemisphere after all. All three US wheat grades finished the futures session...

Cash bids for 1CWAD13 durum out of SE Saskatchewan were steady in overnight trade. A December lift is now bid at C$475.58 per tonne ex farm SE Sask. On the back of an envelope this would equate to something close to AUD$586 /tonne delivered Newcastle port. This is using...

US wheat futures were sharply higher in overnight trade. All three grades putting on double digit gains with HRW leading the charge. Continued reductions to prime wheat across most northern hemisphere producers the key to the rally. So far the lower supply side has been the key to higher...

In the US we see a little profit taking as July comes to an end. Benign weather for the bulk of the US corn and soybean crop and a slightly stronger US dollar sealed the deal and corn and soybean futures were sharply lower by the close. The weaker...

US wheat futures took guidance from The Wheat Quality Council spring wheat crop tour results again last night. The WQC tour continue to stress that the US spring wheat crops they are seeing are very variable in yield. The average yield reported was 29.1bu/ac, 1.95t/ha, the lowest estimate since...

In the US we see the first day results of the spring wheat crop tour having an impact on futures values. The weather outlook also had a major influence, no rain predicted for the Canadian Prairies and the US spring wheat belt for the next two weeks. The fat...

The Germans have tried to quantify crop losses from the recent flooding and have put the total production loss at somewhere between 150kt and 300kt. That’s not a lot in the big picture, but the quantity of wheat that could be downgraded due to the weather events across Romania,...

In the USA we see corn and soybean futures a little higher while profit taking continues in the wheat pits at Chicago and Minneapolis. Corn found support from an array of yield projections. From poor yields in the western corn belt to almost irrigated conditions in parts of the...