Prices 31/1/17

Well it was all about the demise of soybean futures last night. The punters pulled up stumps on S.American flooding and concentrated on the weather map talking of a dry fortnight in Argentina. The funds took profit, the punters took profit and futures fell. The slide in soybeans exerted...
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Prices 30/1/17

With parts of Asia on holiday the US punters appeared to concentrate on the negatives not the positives to close out the week. Better than expected weekly US exports sales were countered by more Trump rhetoric. Building a wall between the USA and Mexico doesn’t stop Mexicans from eating...
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Prices 28/1/17

Over the break US futures have generally been flat, a few cents down and a few cents up so little is expected to change on the back of US futures here today. The AUD is a little softer than it was on Wednesday and in the case of canola...
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Prices 27/1/17

All the news continues to dwell on Trump rhetoric in regards to “possible” trade wars with China and Mexico. I’ve read a few different scenarios and the one I think more credible than any would be the counter strategy China may take. Some punters are suggesting China may well...
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Prices 24/1/17

US grain futures were mixed, corn was flat to weaker while soybeans found a little downside on a drier outlook for South America. Funds are also taking profit in the soybean market after moves higher last week. The weakness in the soybean market moved across into ICE canola futures...
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Prices 23/1/17

Soybeans were surprisingly lower, well kind of surprisingly, you forget how US centric the US grain futures markets are sometimes and how little confirmation of events like the flooding in Argentina can have on the US markets if something US centric is occurring. For instance yesterday three forecasting entities...
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Prices 20/1/17

The Aussie dollar hit 75.74 in overnight trade as the greenback continues to weaken ahead of Trumps inauguration this evening. Apart from the dollar everything else seemed to be weaker in overnight trade. The punters became a little risk adverse leading into this evening and were not willing to...
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Prices 19/1/17

The AUD gained around 0.16% in overnight trade to close at 75.18 this morning. It’s not a big increase against the US dollar but there has been some significant movement against the Canadian dollar where the AUD is up around 1.15% this morning. The move in currency is likely...
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Prices 18/1/17

US soybean futures were the big winner last night and as we know for every big winner we need a big loser and in this case it was the South American farmer. Heavy rain continues to fall across the major soybean producing region of Argentina and Brazil. Harvest in...
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Prices 17/1/17

There was a holiday in the US last night so nothing out of the States to stir the pot this morning. Egypt picked up 235kt of Black Sea wheat last week. This takes financial year purchases by Egypt to 3.41mt, roughly half a million tonnes more than this time...
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