Prices 28/9/18

From the outside it looks like the US futures market is having another crack at buy soybeans / sell wheat. With beans at about a ten year low and US wheat still struggling to put on significant export sales it’s probably an easy bet for the fund managers. Funds...
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Prices 27/9/18

International wheat cash markets were generally flat to firmer overnight. Black Sea offers were up US$1.00 to US$5.00 while offers out of the west coast of Australia were flat at US$280. The futures markets were lower for corn and wheat but higher for soybeans and canola. Soybean futures in...
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Prices 26/9/18

US wheat futures slipped a little lower last night on the back of technical trade and profit taking. Looking forward for direction the trade saw a healthy week on week increase in the US sowing pace for the 2019 winter wheat crop. Rising from 13% sown last week to...
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Prices 25/9/18

Fairly quiet again today with the trade taking an interest in the amount of rainfall across the Liverpool Plains and Darling Downs. Gunnedah 13mm, Carroll 20mm, Mullaley 12mm, Boggabri 1mm, Bundella 0mm, Red Bobs 13mm, Narrabri 0mm, Bellata 1mm, Ashley 1mm, Dalby 10mm, Jimbour 32mm, Macalister 12mm, Brookstead 15mm....
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Prices 24/9/18

US wheat futures were lower on a night featuring further technical trade as US exports continue to lag. IKAR reduced the Russian wheat crop estimate from 69.6mt to 69.2mt, this is in stark contrast to what the USDA done only a week or so back when they surprised the...
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Prices 21/9/18

The bottom feeders continue to support US soybean futures after setting a ten year low early in the week. They call this technical trade. When the market began to rally off the low it managed to trigger a number of stop loss orders, buy orders, thus pushing the market...
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Prices 20/9/18

In US grain futures corn found a leg up from the wheat and soybean pits. Soybeans bounced of a ten year low on the back of possible harvest delays in the USA due to wet weather. Wheat found strength from the frost event in WA last week and patches...
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Prices 19/9/18

In the US corn and soybean futures set contract lows as production numbers in the states continue to grow. Wheat futures found a little upside on the back of tightening world stocks. With most of the US wheat crop now in the bin attention is being turned to the...
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Prices 18/9/18

It’s hard to wake the US futures market at the moment. The frost reports from Western Australia tried early in the session but obviously the funds are not in a position to buy wheat so there was little ongoing interest in running the market up. Temperatures across the SW...
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Prices 17/9/18

US wheat futures closed higher with good gains in the December contracts. Soft wheat, hard wheat and spring wheat futures all had gains of over 10c /bu by the close. December soft wheat had a week on week change of 1/4c/bu. After a good rally on Monday the USDA...
Read More: Prices 17/9/18