International markets are still consuming the latest Stats Canada data. The reductions in wheat and canola were a bullish treat for a market which was in some sense beginning to stagnate a little. Overnight cash prices for spring wheat out of SE Saskatchewan rallied C$6.20 for a December lift,...

Stats Canada updated production estimates for grains overnight.  All wheat pegged at 21.714mt compared to 35.183mt last year, that’s a reduction of almost 13.5mt. The durum number was pencilled in at 3.545mt, a little higher than some had expected to see. Some recent reports from state and private analyst...

Canadian cash bids were mixed, spring wheat flat, durum sharply lower again and cash canola generally following both ICE futures at Winnipeg and Paris rapeseed futures higher. The harvest pace has picked up in Canada, with recent showers receding, allowing for good weekly advances. This seems to be the...

Sometimes you can look through the USDA WASDE data and think “yeah, fair enough, looks about right”, other times you just kind of sit there with one eyebrow cocked wondering what the USDA have been putting in their coffee. Last night’s report  had some good bit and some not...

With a USDA WASDE report out tonight the markets continued to see long positions liquidated putting pressure on US grain futures overnight. Wheat, corn and soybeans all closed lower. Higher grade wheat was hit hardest as it had been the most heavily speculated in recent months. The weaker futures...

The US futures market continue to “square up” somewhat as we move towards the September USDA WASDE report due out on Friday, US time. The report is not expected to have too many surprises. The Canadian wheat stocks report did scare the market though, much higher than the punters...

Labor day weekend in the US and Canada sees no data from N.America to fuel the market this morning. Further to the comments on low grade French durum wheat yesterday we should also be aware that their milling wheat is not breaking any quality records either. Last year 98%...

In the US futures market we see soft red winter wheat at Chicago relatively flat while the higher grades of wheat were a little firmer by the close. Minneapolis spring wheat lead the way higher gaining 13c/bu (AUD$6.41) in the December contract. Across the border in SE Saskatchewan PDQ...

US corn futures bounced a little on technical trade. There was relatively little to no positive news for US or world corn prices overnight. Sales cancellation for US corn to both Canada and China made for an abysmal weekly US sales report. News China is also cancelling corn from...