Prices 2/11/18

Category:
There are suggestions that the US trade war with China created by the Trump administration maybe working itself out. The hint of a deal rallied soybeans 30c/bu, while corn and wheat futures also got a leg up. The rally pushed US grain futures higher against some fundamentally poor export...
Read More: Prices 2/11/18

Prices 1/11/18

Category:
Nearby ICE canola values appear to be caught up in an end of the month squaring up as neither Paris rapeseed futures or the Chicago soybean pit reflected the loss suffered by Nov Canadian canola. US futures were pretty ho hum with most punters following the trend while having...
Read More: Prices 1/11/18

Prices 31/10/18

Category:
US grain markets were weaker in overnight trade. Corn and soybean futures were lower on the back of poor demand and the last of the crop getting harvested. US wheat futures were caught up in the selling but offered little fundamental resistance as export demand remains poor for US...
Read More: Prices 31/10/18

Prices 30/10/18

Category:
With Chinese feed regulations changing to take into consideration a lower import volume of soybeans we may well see the Chinese come in search of a viable alternative. The question to ask is will that alternative simply be a meal or beans from S.America or could it be another...
Read More: Prices 30/10/18

Prices 29/10/18

Category:
US wheat futures bounced fairly high last night taking back a lot of the lower closes through the week. Week on week we still see some slight loses but since the beginning of the month US wheat futures are just 4c/bu lower, a negligible amount.  This compares to a...
Read More: Prices 29/10/18

Prices 26/10/18

Category:
Poor weekly US export sales killed corn and wheat futures in overnight trade. Coming in below trade estimates the market had nowhere to go and drifted lower throughout the session. IGC data didn’t help, although world corn production was left unchanged the IGC did increase world wheat production by...
Read More: Prices 26/10/18

Prices 25/10/18

Category:
US wheat futures were lower again in overnight trade. A quick look at the charts and the stochastic indicates that the December CME soft wheat contract is now very much oversold. There is no law stating that it can’t remain this way for a little while but fundamentally at...
Read More: Prices 25/10/18

Prices 24/10/18

Category:
International futures and cash markets were very flat overnight. Asian consumer values were unchanged as were most offers out of the Black Sea region. Tunisia are tendering for 125kt of milling wheat and Japan are in for 105kt of wheat from the PNW. We now see both the UK’s...
Read More: Prices 24/10/18

Prices 23/10/18

Category:
A quick look at cash prices around the world and we see most wheat values a little weaker overnight. Currency may counter the fall in US dollar values for many exporters, including Australia, but in USD terms prices are generally weaker by a dollar or two. US wheat futures...
Read More: Prices 23/10/18

Prices 22/10/18

Category:
Wheat futures in the USA  managed to break away from weakness in the soybean pit last night and close fractionally higher in all three grades. Although soybeans closed the session lower we also saw both ICE canola futures and Paris rapeseed close higher. The slightly stronger AUD will erode...
Read More: Prices 22/10/18