Prices 19/01/18

The trend in international markets at the moment is building wheat stocks. Last night Strategie Grains reduced EU exports for this season by 750kt, to a five year low. StratGrain is one of the lowest estimates at present at 21.6mt for EU exports, the IGC are still dreaming at...
Read More: Prices 19/01/18

Prices 17/1/18

US corn and soybean futures closed higher overnight. Corn basically got a leg up from soybeans but also some short covering. Soybeans were firmer on the back of a good US crush number for December. With the higher crush number also comes higher soy oil stocks though which in...
Read More: Prices 17/1/18

Prices 16/1/18

It’s a holiday in the USA, so there’s not much news to prompt the international market this morning. This might be an opportune time to take another look at what is hurting us the most at present, other than the weather. The Aussie dollar continues to firm, topping out...
Read More: Prices 16/1/18

Prices 15/1/18

The USDA World Ag Supply & Demand report was out last night. The winner was soybeans, corn down nothing and US wheat futures, well they were hammered. With the pace of US exports being abysmal at best this was generally expected but let’s have a quick look at the...
Read More: Prices 15/1/18

Prices 11/1/18

The US market is basically in a holding pattern now. With the USDA WASDE report out tomorrow tonight, USDA grain stocks and winter wheat seeding report due out tomorrow tonight, the CONAB report for S.America due out tonight and a public holiday in the US on Monday no one...
Read More: Prices 11/1/18

Prices 10/1/18

Technical trade is dominating the USA grain futures markets prior to this Fridays WASDE report. Squaring up in both the corn and wheat pits saw a little upside overnight while soybeans pushed lower. The canola market held on at Winnipeg and Paris with ICE futures flat and Paris up...
Read More: Prices 10/1/18

Prices 9/1/18

The US dollar was a little firmer overnight resulting in some downside in US futures. Basically the US markets are simply in a holding pattern waiting for Fridays USDA report. Being January there is not expected to be any big surprises in the report but keep an eye on...
Read More: Prices 9/1/18

Prices 5/1/18

US futures found little to trade on with weekly export data not due out until tomorrow, no one is expecting to see any records broken but at least it gives them something to punt with. US ethanol stocks climbed although there was a week on week reduction in production....
Read More: Prices 5/1/18

Prices 4/1/18

In the USA wheat futures dragged both corn and soybeans higher. The moves higher are not huge but did happen against a strengthening US dollar which is more than they have been able to do in recent sessions. Volume in the wheat pit was a result of some shorts...
Read More: Prices 4/1/18

Prices 3/1/18

Chicago wheat opened higher and closer not far off the session high. The stochastic still indicates that March SRW futures are overbought at Chicago don’t be surprised if we see the trade sell this rally. A technical reason for support could potentially be the Goldman Sachs roll during January....
Read More: Prices 3/1/18