There was a little profit taking in Chicago wheat and corn futures overnight after yesterday’s correction. The winter lower wheat rating in Kansas, and much of the US hard red winter wheat belt was quickly forgotten and higher grade wheat futures were sharply lower. The trade keep highlighting that...

There was much more bullish than bearish news in the international market overnight. We see dry weather in S.America driving a sharp recovery in Chicago corn and soybean futures. Wheat futures there were helped higher by spill over buying from the row crops but also from increased long speculation...

World wheat values found support from both increased demand and potentially lower supply. The supply side reduction not coming from any kind of production adjustment but from thoughts that Ukraine will be next to implement export restrictions in the first half of next year.  Although this has been denied...

Internal values for Canadian durum jumped sharply higher again on Monday. SE Saskatchewan values are now at C$772.03 ex farm for an April pickup slot. Using a farm to FOB port basis of roughly C$80.00, which is probably a little low for this time of year. We come up...

International durum prices are mixed, French higher, Canadian lower. The Canadian product has been priced much higher than the French product for a while now. Quality a major price differential. The drought in Canada also had a huge impact on Canadian values as the US and Canadian domestic market...

Both the Paris rapeseed market and the ICE canola market closed higher on the nearby in overnight trade. Paris was up E6.50 on the Feb22 contract but slipped E0.25 on the May22 contract. The difference in price between the Feb and May contract at Paris is E59.75 or around...

International tenders for feed wheat into the Philippines and milling wheat into Iran were concluded last night. The Philippines were said to have picked up around 160kt of Aussie wheat. Iran were buyers of 500kt of milling wheat for Jan / Feb with 60kt shipments destined to various ports....

In the US wheat futures found technical selling triggered by thoughts that global values will continue to come under pressure in the short term from good supplies of Argentine and Australian wheat. The technical downside in Chicago wheat futures spilled into the corn pit resulting in technical selling in...

Plenty of international wheat tenders announced this week as consumers take advantage of a dip in futures and also cash prices in some markets to gather stock. The Philippines has a couple of tenders out, milling wheat (50kt) and feed wheat (220kt) to be purchases there. Russia and Egypt...

US wheat futures were mixed in overnight trade. Spring wheat futures softer while both soft and hard wheat at Chicago recovered a little. The big loser in overnight trade was soybeans shedding 23.75c/bu (AUD$12.22) in the January contract. The lower close in Chicago beans was not reflected in ICE...