Prices 9/3/18

Sometimes you just look at these USDA reports and think “something isn’t right here”. Last night’s wheat numbers gave me that feeling. World wheat production was increased a little while overall consumptions was reduced a little to give and increased carry out. This pumps up the world stocks to...
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Prices 8/3/18

And just like that the rally in wheat since last Friday is given back. US wheat futures closed lower across all three contracts last night. The US weather map is unchanged, it’s still predicted to remain mostly dry across the HRW belt over the next couple of weeks. The...
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Prices 7/3/18

Hard red wheat futures in the USA are still overbought, will we see a correction tonight prior to the USDA report on Friday our time or is the trade betting that the USDA will confirm that the HRW crop is indeed shaping up poorly. Be wary of the “buy...
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Prices 6/3/18

US soybean and wheat futures rallied against some expectations in overnight trade. Soybeans continue to find support from the dry weather in Argentina. The 4-7 day forecast for Argentina shows a few light showers across the driest regions but nothing of any volume. The 15 day anomaly suggest much...
Read More: Prices 6/3/18

Prices 5/3/18

Technical selling, profit taking, reality, call it what you will but at the end of the day US wheat futures gave back a good slice of Thursdays gains. Mind you week on week we still see some good gains with HRW leading the way at +$25. So where to...
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Prices 2/3/18

Big double digit gains for wheat and soybeans futures in the USA should ripple through the markets today, or not. In the last four days hard red wheat futures have put on 53.25c (AUD$25.29) on the nearby contract and 48.25c (AUD$22.92) in the July contract. Over the same period...
Read More: Prices 2/3/18