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...
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Prices 14/9/18

The pressure remained on US corn futures with a new contract low for December being set at US$3.84 3/4 per bushel, that’s about AUD$210 /t to you and me. There is continued talk of a big US corn crop getting bigger but we really don’t know until we see...
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Prices 13/9/18

The WASDE report was considered underwhelming by the majority of the trade. The lack of expected adjustments rippled through the market as negativity and resulted in sharp falls in both wheat and corn futures. Soybeans saw a little upside from both spread trade to the more bearish corn and...
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Prices 12/9/18

There was a little bit of late squaring up in the US futures market after Monday night’s unexpected rally. All grader of US wheat futures for Dec18 closed lower as did both corn and soybean futures at Chicago. The weakness in US futures rolled around the globe with ICE...
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Prices 11/9/18

Strength in wheat futures values was found on the back of declining world production estimates lead by the reduction in Australian output by ABARES. The official estimate is now 19.1mt. The estimate includes a revision higher in WA yield estimates but may not take into account the losses across...
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Prices 10/9/18

The Aussie dollar pushed lower again in overnight trade with the big end of town happy to short the currency against other majors like the USD, YEN and Sterling. The AUD has shed 11% since January and falling metal prices have many of the punters thinking that the next...
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