US wheat futures gave back a large slice of the weeks gains to date. Not that it may have much of an impact here on local prices. The recent moves have hardly been reflected in new or old crop wheat bids here. Local APW / Chicago SRWW basis was...

US futures for wheat, corn and soybeans all saw some good technical support at Chicago ahead of this weeks US export numbers. Up country bids in the states generally saw weaker basis, the physical market not moving as high as futures. At Chicago wheat was said to be a...

Some nice moves higher in both US wheat futures and most international cash values. The exception being the Black Sea market which moved lower, sticking with the current trend in that region. Russian and Ukraine wheat work into the Asian market at values either side of current Aussie values....

US wheat futures continued down the path of least resistance, lower. The overnight improvement in the value of the Aussie dollar isn’t helping any conversions this morning either. Looking for a ray of light is a bit of a struggle this morning, but it does appear that EU durum...

Two things weighed on grain prices last night. The ceasefire between Iran and Israel, and news that Brazil is likely to harvest a record summer crop corn harvest this year. Corn, due to its usage in US biofuel, is linked to the value of oil to a degree. Anything...

International wheat cash and futures values all trended lower yesterday. Risk off ?, who knows. The US weekly crop condition report wasn’t exactly bearish wheat that’s for sure. Falling quality ratings in both US spring and winter wheat, delays to harvest, all pointed to a stronger open but it...

Trump in true Trump form has stated that US ground support is not likely to occur in Iran, but also states that as long as Israel is winning there’s little chance they’ll stop or he will ask them to stop. Apparently Iran wants to talk but will not unless...

The US markets were closed overnight. This leaves Paris milling wheat and London feed wheat futures as the next best futures markets to look at. Paris milling wheat saw a €1.00 gain nearby while the Dec slot closed €0.75 / tonne higher. London feed wheat futures were unchanged in...

US wheat futures saw some sharp moves higher overnight. The move in the futures market spilled over to higher values for both Canadian and US wheat out of the Pacific Northwest too. Futures saw spillover support from the previous session, which had reacted to lower than expected quality ratings...

The AUD is back 0.64% against the green back this morning, but up a little from late yesterday afternoon after setting a 12 hour low of 64.64USc. It’s a nice move lower, and the fact it is combining with a slight recovery in both international cash and futures makes...