Prices 16/2/18

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With Chinese new year celebrations kicking off and a long weekend in the US don’t expect to see much action on the international front. US wheat futures did manage to kick the trend of the last couple of sessions and close in the black. HRW and SRW contracts were...
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Prices 15/2/18

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Chinese markets will be closed from the 15th to the 21st as they bring in their new year. This may see the sorghum market stagnate a little next week. In the US futures markets it was more of the same, flat corn, wheat suffering from some technical trade and...
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Prices 14/2/18

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US wheat futures took a breather with corn moving in sympathy with wheat while soybeans continued to march higher at Chicago. The dry weather in Argentina was the key to soybeans while the main impact on US wheat futures was the lower outside market influence but the weaker US...
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Prices 13/2/18

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The US dollar was weaker, crude oil was stronger, Chinese new year starts Friday and a long weekend ahead in the US. Reasons enough for wheat to have double digit gains in US futures, well the punters think it is and who are we to argue. A simplistic conversion...
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Prices 12/2/18

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Softer closes in US wheat future basically wiped off any of the moves higher during the week. So what happened. Without digging too deep you can come to a couple of conclusions. The weather map shows 20 – 50 points is due across the HRW belt over the next...
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Prices 9/2/18

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As far as USDA reports go there are those that change the market, rattle it and make things happen and then there are those like last night that make bugger all difference to anything and are forgotten in a week. At a glance, interesting to see that the US...
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Prices 8/2/18

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US SRW and HRW wheat futures saw double digit gains last night. The punters are there with the thought of reduced yields in the hard red wheat belt in the US. The 30day rainfall anomaly shows southern Kansas, Oklahoma and Texas wheat counties have only seen around 20% of...
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Prices 7/2/18

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Turnaround Tuesday lived up to its name overnight with healthy increases in US wheat, corn and soybean futures. The double digit gains in soybeans helped ICE canola futures along and we also saw some good gains in Paris rapeseed. Corn was mixed as the trade generally expect to see...
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Prices 6/2/18

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US wheat futures stumbled a little as managed money pulled the pin on ags. It looks like the short covering that supported this market has evaporated and now it’s just the odd punter setting up prior to the USDA report due out on the 8th. Soft red winter wheat...
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Prices 5/2/18

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The AUD has slipped again in overnight trade. Starting the session at 80.40 it trended lower to close at 79.32, not the 72c close we are all hoping for but a move in the right direction. ANZ analyst Daniel Been has been quoted as saying that once rate differentials...
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