Hard red winter wheat futures at Chicago showed signs of a pulse last night. Some may say about time, others may ask why. Those asking why are more likely to be consumers. HRWW has been priced at a discount to SRWW for a while now, this is not “normal”....

International grain markets struggled to find direction overnight. Movement was generally a smidge lower, the path of least resistance. The move lower in the AUD has limited most conversions to minor adjustments. US hard red winter wheat out of the Pacific Northwest when converted to a C&F value and...

More of the same, the funds defending their wheat short at Chicago. Grains are also suffering a bit of spillover selling from stocks, the Dow was off 332pts in their afternoon. US unemployment rose to 4.6%, surprising the punters, and energy futures also shed some value. The US punters...

US weekly export inspections for the week ending Dec 11th were good for wheat and corn, coming in towards the higher end of pre report trade estimates. US soybeans export inspections were not so good, coming in well below the lowest trade estimate. Let’s focus on the positives, corn...

US wheat futures continue to fumble around in the dark as the December contract rolls off the board. Dec HRWW futures at Chicago saw a decline of 16.75c/bu last night on a volume of 40 contract, talk about caught, someone fell asleep at wheel. The March contract for HRWW...

The Aussie dollar is just 0.08% higher this morning, little change from this time yesterday. Looking at milling wheat values around the world and converting origin port values to Asian consumer C&F equivalent values, and then converting those values back to an equivalent price here on the plains is...

Delhi mandi chickpea values are at the Minimum Support Price this morning, closing the day trade at 5650Rs/Q. I’m interpreting this as not great news. Historically if the Indian market manages to trade below MSP it is seen as a time that the Indian government may need to step...

International milling wheat values continue to slip away as supply becomes larger. The Platts Milling Wheat Marker has fallen to it’s lowest level since mid September on the back of increased volume, and lower FOB values from the Black Sea. The marker is determined by the lowest offers of...

Negativity in wheat came from the StatsCanada report. Although this data was generally already factored into the market, the confirmation of data is never seen as bullish, unless you are a fund manager with a sell the rumour / buy the fact mentality. Which is becoming more common than...

Paris rapeseed values closed lower overnight. The Feb and May 2026 slots shed €4.75 / tonne. Winnipeg saw double digit losses, falling CAD$15.60 / tonne in the January slot, and finding no support across outer months, the Jan 2027 contract also falling CAD$11.40 / tonne. Weakness in both Chicago...