Prices 14/12/18

Category:
US wheat futures continued to forge ahead on the prospect of better export orders in the new year. Are they simply punting, yes indeed it would appear so, this is a futures market after all. US weekly export sales were good though. At 754kt it’s up there and better...
Read More: Prices 14/12/18

Prices 13/12/18

Category:
Futures in the US wheat pit were higher by the close with the most strength being in the current crop contracts. A distinct slow-down in Russian exports week on week and confirmation Egypt has paid US$5.00 per tonne more for 180kt of milling wheat out of the Black Sea...
Read More: Prices 13/12/18

Prices 12/12/18

Category:
The WASDE data was considered bearish wheat values. It doesn’t appear to be any worse than the punters had expected but as the US wheat futures market was overbought one could easily see the market getting sold lower for another day or two if need be. US projected wheat...
Read More: Prices 12/12/18

Prices 11/12/18

Category:
It’s WASDE week, expect nothing overwhelming until this report is out in the open on Wednesday. A few things are weighing heavy on US futures values. The two main ones are their dealings with China and the second probably more real world issue is their slow pace of exports...
Read More: Prices 11/12/18

Prices 10/12/18

Category:
Good weekly US export sales data for wheat surprised the market. At 712kt this was well above what most punters were expecting, 300kt – 600kt. Futures moved 3% while cash bids on the ground were not as keen to march higher. If the US is to take advantage of...
Read More: Prices 10/12/18

Prices 7/12/18

Category:
Grains were lower on technical trade and outside markets. There is also some doubt the Chinese will honour their comments at the G20 after Huawei’s CFO was arrested in Canada for breach of sanctions against Iran. Any further details on the arrest have been censored. The fact the arrest...
Read More: Prices 7/12/18

prices 6/12/18

Category:
The Aussie dollar fell sharply against all the major currencies yesterday and overnight. The AUD was dragged down by unexpected & much lower growth……… seriously…….unexpected…… where do these guys live under a bloody rock. The banks don’t want to lend money to anyone who needs it, the cost of...
Read More: prices 6/12/18

Prices 5/12/18

Category:
Wheat lost a little of it’s speculative volatility as Russian and Ukraine tensions appear to have eased a little. Support came from a lower EU wheat crop. According from Coceral the EU 28 block produced 128.6mt of wheat this year, this is about 1.3mt lower than the September estimate....
Read More: Prices 5/12/18

Prices 4/12/18

Category:
The US markets seemed pretty happy with the rhetoric coming out of the G20, the main driver being the pledge from China to open up their markets further thus reducing the trade deficit with the USA.  In response US tariffs on Chinese import will remain unchanged in the short...
Read More: Prices 4/12/18

Prices 3/12/18

Category:
Technical trade and speculation that the US and China can come to some kind of resolutions at the G20 appear to be the main driving force behind last night’s rally in US futures. As we know anything without a fundamental back ground is on shaky ground these days. Wet...
Read More: Prices 3/12/18