Prices 28/9/17

Indian chickpea futures for December continue to slide, shedding roughly $20 / tonne overnight on the December delivery contract. In recent days the nearby futures have also fallen as supply from CQLD eases immediate concern. Some punters are still calling the Aussie crop 1.1mt while others now have it...
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Prices 27/9/17

Harvest activity continues to put pressure on the US soybean and corn futures markets.  Wheat was dragged lower by the row crops last night but a weaker AUD is likely to counter any downward pressure US futures were likely to put on local values and besides there are bigger...
Read More: Prices 27/9/17

Prices 26/9/17

US corn futures continue to struggle with the arrival of the new crop weighing on prices. Futures at Chicago were flat to firmer overnight. Soybeans slipped a little on the back of harvest pressure. The punters were expecting an unchanged condition report for beans but the G/E rating has...
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Prices 25/9/17

In the US technical buying saw corn futures move a little higher and soybean found strength from the meal market and technical buying. Harvest in the US is progressing well enough and the rally in corn is expected to be met with increased farmer selling on Monday. Storms are...
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Prices 22/9/17

The Aussie dollar was generally lower against the major currencies last night, the weakness should go a long way to countering the slight shift lower in ICE canola futures. In the US wheat, corn and soybean futures were flat to firmer. The softer US dollar played a big part...
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Prices 21/9/17

Bargain hunters seemed to be the driving force behind a move higher in US corn and wheat futures overnight. With wheat futures slipping over the last three sessions the market saw it as an opportunity to buy as concerns over winter wheat conditions in both Argentina and Australia grow....
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Prices 18/9/17

US wheat futures were firmer for winter wheat as the volume hitting the market slows. Farmers and traders there seem happy with recent sales and look likely to hang onto wheat now as they concentrate on the summer crop harvest at hand. Further north the Canadian spring wheat harvest...
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Prices 15/9/17

Grain markets in the US were generally flat to lower bar soybeans which managed to put of 15.5c/bu on the Nov 17 contract to close at 976c/bu (AUD$448/t). Minneapolis wheat was also sharply lower as the Canadian harvest is reporting yields are a little better than expected in some...
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Prices 13/9/17

It was WASDE night, the USDA released their latest stab at world grain production. US corn and soybean yield estimates were both increased. This was basically the opposite to what most of the punters were expecting to see, with the average trade guess coming in with a reduction of...
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Prices 12/9/17

Basically the US grains futures market is circling, much like a vulture, above what is soon to be the dead corpse of the September WASDE report. The market lacked direction as it waited for the report due out tonight. Most punters believe that the USDA have corn and soybean...
Read More: Prices 12/9/17