Prices 29/6/18

If you need a lesson on convergence have a look at the nearby contract for ICE canola as it rolls off the board. The nearby number was smashed overnight but the fall doesn’t reflect the general market, or does it, that’s the problem with futures markets the buyers go...
Read More: Prices 29/6/18

prices 28/6/18

Bargain hunters were considered a major reason why there was a slight “recovery” in US ag futures overnight. A quick look at the charts for the December SRW contract at Chicago shows a weaker open giving way to a better close. The stochastic is oversold and starting a recovery....
Read More: prices 28/6/18

Prices 27/6/18

With futures continuing to fall early in the session corn was the only US grain futures contract to dig out a little bargain hunting by the close. Wheat and soybean futures at Chicago couldn’t recover and closed lower. Wheat has closed lower in 12 of the last 18 sessions...
Read More: Prices 27/6/18

Prices 26/6/18

The US grain futures markets were weaker in overnight trade, corn, soybeans and wheat all slipped. Soybeans continue to suffer from the ongoing trade problems between China and the USA and are dragging corn futures lower in the mean time. Good growing weather across much of the US corn...
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Prices 25/6/18

There are a few market wires kicking around this morning suggesting Chinese wheat production could drop by as much as 20% this year. A combination of drought conditions across Shandong and Hubei and then rain at harvest across Henan and Anhui provinces has resulted in a sharp jump in...
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Prices 8/6/18

US grain futures were mixed in overnight trade. Corn futures were flat to weaker. Soybeans were smashed, beans couldn’t take a trick, firstly better weather in the USA and then the Brazilian real slipping 2.4% in a day. The weaker real triggered stock liquidation in Brazil but on the...
Read More: Prices 8/6/18

Prices 7/6/18

The trucking strike in Brazil may well kick off again as news that the new minimum freight rates the government only just imposed will be reviewed. The rates were pushed through quickly in order to stop a trucking strike that was crippling fuel, food and grain supplies across Brazil....
Read More: Prices 7/6/18

Prices 6/6/18

Technical Tuesday also found some physical support with trades reported out of the Black Sea region. Thoughts that the Monday sell off in US grain futures was a little over cooked saw the punters taking profit and pushing the market higher in over night trade. US corn was placed...
Read More: Prices 6/6/18

Prices 5/6/18

US grain futures were smashed in overnight trade. Combine this with a much stronger AUD and we should see new crop swap prices for all major grains sharply lower this morning. The US and China continue to play argee bargee. China’s stance is not exactly helping the Trump administration...
Read More: Prices 5/6/18

Prices 4/6/18

International markets continue to focus on the improving weather in the US and Canada thus we see wheat futures continue to push lower at Chicago. Technically the December soft wheat contract at Chicago is relatively neutral. Hard red wheat futures are not much different from a technical perspective. The...
Read More: Prices 4/6/18