The AUD was weaker against most of the majors overnight, falling up to 1% against the Yen. The AUD remains bent by the trade dispute between the USA and China. It’s a little ironic as the weaker dollar will actually help Australia in its efforts to sell exports…….to China....

Offers have finished being submitted for the Algerian durum tender and we should have some news on volume and price later today or tomorrow. The tender will be broken down into four shipment windows, First half November, second half November, first half December and second half December. The tender...

Jordan picked up 60kt of milling wheat at government tender last night. Jordan, like Algeria, keeps market tender results private, but there are a number of trade estimates out there suggesting CHS was the successful seller at US$262.50 per tonne C&F for second half of Feb delivery. On the...

Federal holidays in Canada and the US leaves market data for north America a little scarce this morning. Cereal and corn markets generally continue to trend lower while oilseeds were mixed. Paris rapeseed futures closed +€3.50 / tonne in the Feb slot, Chicago soybeans +2c/bu in the Jan slot...

The weaker Aussie dollar is doing all the hard lifting this morning. The AUD is back against most of the majors, shedding over 1% against the greenback. The Aussie dollar crashed sharply mid session, slipping from 65.44 to 64.9 over the course of an hour and never really recovered,...

A reduction in the value of the AUD against many of our major trading countries is beneficial to price conversions here today. The AUD slipped 0.55% against the USD and 0.43% against the Indian Rupee. Delhi chickpea values improved for the second day in a row, up roughly 34Rs/Q....

Trump has announced US$12 – US13 billion in aid to US farmers hurt by the trade war with China. When asked about distribution no details were given. The current US government shut down may delay the distribution of funds. To put this into perspective, the Australian wheat crop, if...

The punters are in control. If the USDA remains in shut down mode we will not get this weeks monthly USDA WASDE report to ignore. As much as the WASDE can be a love / hate report, one everyone loves to pick apart and criticize. It plays an important...

The US government shut down is / will eventually spill over into crucial market data services. Obviously these data services, or lack of, will have a much larger impact on Americans that the rest of the world but failure to release data that is often seen as crucial. Weekly...

Turkey picked up 255kt of feed barley on Tuesday at roughly US$250 CFR, the price varied depending on discharge port. On the back of an envelope this number equates to a local bid of something close to AUD$230 – AUD$240 XF LPP. Turkey has a bunch of barley sitting...