Prices 31/5/16

With a public holiday in the USA last night international market info is a bit thin on the ground this morning, unlike the frost which, in some parts of the state, is very thick on the ground. The durum and canola belt of central Canada finally got some rainfall...
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Prices 30/5/16

A wet forecast for the next couple of weeks kept the US futures market on the defensive. The forecast was determined as slightly bearish spring wheat but lent support to corn and soybeans. A stronger US dollar kept a cap on any substantial moves higher. Corn futures continue to...
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Prices 27/5/16

Looks like soybeans / meal may have ran its race in the short term. Futures for the oilseed were lower in overnight trade dragging ICE canola futures back with it. Weekly US bean export sales were lower than trade estimates too. Corn futures found support from weather in the...
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Prices 26/5/16

The US markets were driven higher by soy meal demand and the feed grain complex. It’s an interesting one to watch unfold as it really drives home the ability of the feed millers to swap from one source to the next depending on price. The heavy rain at harvest...
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Prices 25/5/16

The AUD was mixed against the majors but generally traded lower. It was sharply lower against the greenback following a speech from Glen Stevens yesterday which lead many punters to come to the conclusion we may be seeing another interest rate cut in the mid term. The next level...
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Prices 24/5/16

More rain on the map in the US had soybeans lower, corn higher and wheat lower in overnight trade at Chicago. Thought’s that late corn acres will be abandoned and sown into beans has the bean market on the defensive while the forecast of rain across the SRW and...
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Prices 23/5/16

On Friday night stronger soy meal prices lent support to corn and other feed grain in the US futures market. Corn managed to regain around half of the previous sessions losses by the close. Wheat futures at Chicago were mixed with soft wheat a little lower and hard wheat...
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Prices 19/5/16

Strength in the US dollar helped push the Aussie dollar lower in overnight trade. The local currency is going through at 72.24  US cents this morning after the US Fed released the minutes of their last meeting and the punters were left with the impression there will be another...
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Prices 18/5/16

Strength in the AUD against most major currencies will take a bit of the cream off the move higher in US wheat, corn and soybean futures but generally we should see local prices edge higher again today. Canola is likely to remain flat as ICE futures only had minimal...
Read More: Prices 18/5/16