Wheat market under pressure all day as market experienced a round of profit taking on a negative technical picture and anticipation of Russian announcement tomorrow to define the maximum grain exports for the 11/12 crop. [More]

Morning Weather Report - February 3, 2012. [More]

Going Granular – February 3, 2012. USDA attaché numbers from Argentina yesterday have the grain market revisiting prior South American crop concerns—despite beneficial rains there of late—with revisions coming up over the next week; we’ve learned not to expect overly bullish numbers from Informa, but they’ll reinforce at least some type of S.A. losses as we move into the USDA next Thurs. [More]

US benchmark wheat prices tumbled to a month low on Thursday due to export-punishing gains in the dollar, which followed a two-day rally driven by concerns that severe cold in the Black Sea religion might threaten Russian exports. [More]

Cotton experts served up a recipe for cheaper cotton prices by signalling loose supplies ahead, saying the world looked set to end both this season and next with more than six months' supplies. [More]

Funds bought 8k corn, 6k soybeans and 4k soft wheat. Outside markets started out stronger, but crude oil reversed mid-session. [More]

Morning Weather Report - February 2, 2012. [More]

Going Granular – February 2, 2012. Actual low temps pushing –20F in Ukraine overnight didn’t prove as supportive as the anticipation of low temps pushing –20F yesterday; European milling wheat set the tone to the downside this time, falling back from multi-month highs. U.S. crude oil is also proving a bearish influence this morning, failing at $100/bbl this week while the dollar tries to stabilize itself. [More]

Morning Weather Report - February 1, 2012. [More]

SRW futures raised the roof as they received both long subscribership as well as puked some shorts. Traders are concerned over an alleged curb to Russian grain exports in coming months or weeks. It is still unclear. [More]