US grain export sales remain modest. Soybeans came in over the higher end of expectation, 1.034mt is a good effort. Much better than wheat at 289kt and corn at 536kt. Sales don’t equate to loadings though, so the market generally takes less notice of the sales number than it...

The US markets fell away on US centric data last night. It’s a little hard to see how this data wasn’t predictable given the reporting system in the US, but hey, the bulls need feeding every day right. Corn futures fell sharply, weighing on all grains at Chicago. The...

The CME sorghum basis futures contract is up and running, volume is minimal at this stage, just a few trades per day at present. The product is simple, a basis to the corn contract. It’s a 5000bu contract, in USc/bu, the code is MILO and it’s deliverable. It settled...

Black Sea wheat exports, Russian and Ukraine, remain half of what they were this time last year. This is the key to wheat at present, any change to this and it could have a big impact on values. The 50% pace is actually better than some analyst were projecting....

The Xi / Trump meeting produced little news for the US farmer to be bullish about. There’s the usual “it was a great meeting” rhetoric but there’s nothing out there for the media or the trade to sink their teeth into just yet. The market took the “no news”...

There’s not a lot of green on the screen this morning. Most US and EU futures are lower bar Paris corn and Winnipeg canola. NYMEX crude oil and Brent are both firmer. Nothing really fell out of bed, but the weaker closes are compounding losses from the previous session....

It’s all about the Aussie dollar this morning, back 1.19% against the US dollar, and lower against most of our major trading partners. The move in the AUD was worth roughly +AUD$4.41/t tonne, all but countering the -AUD$4.57/t move lower in Chicago Dec SRWW futures. Looking at the day...

Today I’ll ask the serious questions, like how many cups of coffee does it take to counter the hay fever pills ? Can you die from hay fever ? Can you overdose on hay fever eye drops ? And if you blow your nose 30 times in 5 minutes,...

It’s a sea of green across international futures this morning. Apart from crude oil, it’s back sharply, we’ll be looking at $2.00/litre petrol in no time. WTI crude is back US$4.81/b in the Oct slot and Brent is back US$3.83/b in the Nov slot. Surely it no longer smells...

Lower corn and soybean futures weighed on grains last night. Wheat at Chicago and Minneapolis also slipped lower. There wasn’t a lot of green on the screen from anywhere really. Paris corn struggled to close higher, putting on less than a Euro across most outer months. Rapeseed futures at...