Prices 31/8/16

The Aussie dollar is finally showing signs of heading in the right direction shedding 0.85% overnight. This may go a little way towards helping local values combat a US grain futures market that appears to be unable to find a floor. The AUD was weaker against all the majors...
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Prices 30/8/16

They have had a good crack at the US durum crop over the last seven days. Quality is looking better than expected with early fields in North Dakota seeing protein as high as 14.5%, test weight, falling number and moisture are all very good too. Overnight futures values for...
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Prices 29/8/16

It’s been a poor week on US grain futures. With wheat collapsing overnight we see a new 10 year low set and that’s not adjusted to the CPI. Part of the decline in US grains came about when the US Fed Chairman Janet Yellen announced that the US was...
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Prices 28/8/16

In US futures markets we see soybeans dragging everything lower, especially ICE canola futures. After opening the session weaker soybeans headed south in a big way. The current crop tour scouting through Illinois bean fields tend to think the USDA maybe currently underestimating the potential yield of the US...
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Prices 25/8/16

Russian wheat harvest is progressing well now with around 2.8mha more cut than this time last year. Overall production is up around 8% and still points towards a record wheat crop out of the Black Sea region for 2016. Quality is expected to be mixed with higher grades in...
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Prices 19/8/16

US grain markets closed flat after shedding a few dollars early in the session. The weaker US dollar helped counter the move lower in values early in the day but may see local merchants here struggle to sustain current bids. The AUD was stronger against the USD but weaker...
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Prices 18/8/16

Soybean futures at Chicago once again lead the US grain markets higher. Another 380kt of beans were pencilled in for China overnight, 130kt of corn was switched from corn to beans. Generally the fundamentals for wheat, corn and soybeans in the US tends to be bearish if anything. Not...
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Prices 17/8/16

Uninteresting two sided trade dominated the US grain markets overnight. Wheat was mixed but generally higher, corn either side of unchanged and soybeans were a little softer. The USDA crop progress report came out yesterday morning and showed little had changed in condition ratings week on week and harvest...
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Prices 16/8/16

Soybeans were the star performer last night after a number of recent US sales continue to support the market. Old crop carry over is going to be lower than expected according to the USDA and soybean oil is also getting a little tight. The US is still expecting to...
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Prices 15/8/16

It was a typical sell the rumour buy the fact type of session once the USDA put their numbers on the table. US corn is projected with record yields, we all knew that. Instead of falling on the confirmation it closed slightly higher. US soybeans, record production, beans had...
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