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...

Chicago soft and hard red winter wheat futures were lower in overnight trade. Global fundamentals are unchanged with issues in spring wheat crops in the USA, Canada, Russia and harvest delays in the EU offering support. After closing higher for the previous six sessions a round of profit taking...

Zhengzhou in central Henan province China has seen up to 617mm of rain over three days. It’s being labelled a 1 – 1000 year rainfall event and has created serious flooding. The region is a densely populated agricultural region with the Yellow River threading through the northern quarter of...