Markets were mixed on the day with wheat making some gains while corn and soybeans backed off, canola was higher but couldn’t quite hold onto gains over the $900/mt mark and came under pressure from soybeans.

Markets were mostly higher on Friday with the weakness in the USD being the main driver. Russia is looking to run the clock out on the UN backed grain corridor which it is holding the UN accountable on upholding their end of the bargain by getting sanctions eased to help Russian grain and fertilizer get moving.

Markets were weaker again on Thursday, but it wasn’t so much on Russia back in on the export deal but more so with the strength in the USD along with some weaker export numbers out of the US. Keep in mind that Russia still hasn’t agreed to extend the agreement but now the UN is working on getting Russian fertilizer and grain moving which was part of the deal in the first place but are having difficulty getting that done as the sanctions are difficult to work around. Russia

Markets were under heavy pressure with wheat leading the way lower as all is back to normal so to speak with the Black Sea grain corridor. The wheat market has basically gone back to the level it was on Friday before the Russian announcement that it was exiting the deal. The sell off started early yesterday morning and carried through to the close of the day trade. Looks like the wheat market got Putinized.

It was an interesting day for wheat as it started out kind of looking for direction on what the situation is with the grain corridor in the Black Sea. The overnight trade on Monday night/Tuesday morning was a bit weak as there was talks that the UN and Turkey were going to leave the corridor open regardless of Russian participation. The Russian govt and Turkish govt were in talks but wasn’t looking good. Then we fast forward to late morning Tuesday and the UN announced the

Mondays trade was an interesting one with the announcement from Russia that they were going to withdraw/suspend the grain corridor after a series of drone attacks on the Black Sea Navy. There was a lot of anticipation for just how high will the market run with news like this. On the initial opening Sunday night, the market made a big gap open higher then the day trade got rolling and the market pulled back off the highs but then gained some near the close and had a solid fi

Markets finished the week lower as there was still no “new “news to give it support. Russia has a pile of wheat that needs to find a home and the only way to get it moving is with lower prices which will drag other exporting countries prices down with it as we have seen.

Grains were under some pressure Tuesday as Mississippi river levels continue to drop which this effects corn and soybeans more than anything but wheat was also under some pressure as talks continue about keeping the Ukraine grain corridor open and also allow for more Russian grains and fertilizers. They are still saying talks are constructive and positive so we will have to see how long this will last. Russia is still at the negotiating table which is positive for exports o

Markets were somewhat mixed on the day yesterday, wheat started out strong but failed to keep the momentum while canola did make some solid gains with the help of soybeans and crude. USD was weaker on the day which was supportive of beans, corn and oil and but wheat more so CBOT wheat failed to hold its ground. With the USD coming off its highs the CAD made some solid gains on the day gaining almost a full penny.

The wheat market managed to get some legs under it as there was more headlines out of Russia that supported the market. The Russian...