Evening Comment – #Wheat #Corn #Soybeans – 19/06/2015

Chicago Wheat, Corn and soybeans all closed lower. MATIF Wheat marginally up.  US wheat harvest will certainly increase its pace this week-end as showers might be more sporadic: drier and warmer are the keywords. Clearly, the planting and harvesting progress as well as the conditions will be monitored closely on Monday. Missouri, Kansas, Kentucky, Tennessee … Continue reading Evening Comment – #Wheat #Corn #Soybeans – 19/06/2015

Morning Comment – #Wheat #Corn #Soybeans – 19/06/2015

Yesterday was finally indeed the now very usual scenario on wheat as mentioned in the evening comment. Despite the weather talks, wheat just cannot find energy to maintain any bullish momentum. The intraday rebounds are not enough to trigger stops and massive short covering. The idea is now clearly that wet areas are going to … Continue reading Morning Comment – #Wheat #Corn #Soybeans – 19/06/2015

Evening Comment – #Wheat #Corn #Soybeans – 18/06/2015

Very dull night session. US started slightly higher but the gains vanished just before the night session, led by lower soybeans. Market woke up with the outcry: will this be the usual scenario? Come to trade on the highs on day and above and quiet down after? Indeed, nothing much today apart the same talks … Continue reading Evening Comment – #Wheat #Corn #Soybeans – 18/06/2015

Morning Comment – #Wheat #Corn #Soybeans – 18/06/2015

Big day on the CME. More than 800,000 lots have traded on Wheat, Corn and Soybeans. Mixed picture tough. Market has been very nervous, wheat July failed to breach 500 and after showing two green digits, it closed way below the highs on day. Wheat Corn spread continued to tighten. And this morning, market seems … Continue reading Morning Comment – #Wheat #Corn #Soybeans – 18/06/2015

Evening Comment – #Wheat #Corn #Soybeans – 17/06/2015

Very technical day, short covering, testing 500 on Wheat July 15. Market clearly need to take a little breather after this post USDA WASDE report bearish wave. But it struggles to really go up, every rebounds are sold. Market is helped on its way up by the weather, still too wet. That being said, weather … Continue reading Evening Comment – #Wheat #Corn #Soybeans – 17/06/2015

Morning Comment – #Wheat #Corn #Soybeans – 17/06/2015

Novak Djokovic wants to win the Tennis French Open, he tries hard, he fails, but he eventually will. Soybeans, Corn and Wheat are the same, they really want to go down in a dramatic fashion but they are keeping hanging on… Market keeps finding reasons indeed to avoid to go lower: small decline in rating, … Continue reading Morning Comment – #Wheat #Corn #Soybeans – 17/06/2015

Morning Comment – #Wheat #Corn #Soybeans – 16/06/2015

Globally a pretty bearish day yesterday, funds sold an estimated 10,000 lots of wheat and 8,000 lots of corn while soybeans were even, recovering on the NOPA’s stats. The continuation of the selloff of USDA WASDE report and favourable weather has kept pressure on the markets indeed.  8 little percent of soybeans has been planted … Continue reading Morning Comment – #Wheat #Corn #Soybeans – 16/06/2015

Evening Comment – #Wheat #Corn #Soybeans – 15/06/2015

Red across the board but strangely, not a lot to say.  Market continued to go down pretty drastically, no doubt funds are putting back their chip on the table on the short side. Weather is still wetter in the US but despite the fears, so far, rain makes grain. In France, and Europe towards the … Continue reading Evening Comment – #Wheat #Corn #Soybeans – 15/06/2015

Morning Comment – #Wheat #Corn #Soybeans – 15/06/2015

After a shy Friday, wheat seems to be keen on continuing going down and is leading the grains down. Funds drastically reduced their short position, risk off before the USDA WASDE report. The report was not bullish by any means and they seem to be on their rod to reinstate their massive short position. Watch … Continue reading Morning Comment – #Wheat #Corn #Soybeans – 15/06/2015

Week-End Comment – #Wheat #Corn #Soybeans – 14/06/2015

Following the USDA report and the selloff, Egypt’s GASC has been consistent with its strategy and bought Thursday 60,000T of Russian wheat second half July shipment, CNF $199.49. As the best offer was close to being $3 better than the second best and as Thursday market continued to go down Sharply GASC only bought one … Continue reading Week-End Comment – #Wheat #Corn #Soybeans – 14/06/2015