US wheat futures pushed sharply higher in overnight trade. The strength in wheat assisted both corn and soybeans to close in the green. The strength wasn’t reserved for just US wheat futures either, Paris milling wheat putting on over AUD$20 in the December slot by the close. Even London...

Weakness in US futures was initially fuelled by speculation that the Black Sea corridor is now not at risk. Putin must like having Black Sea wheat values on a string, one negative statement sending prices higher, only to fall just as quick on a positive statement. Russia has a...

Wheat futures in the US closed the session higher. This represented a week on week gain from last Fridays for both HRWW and spring wheat but a week on week decline for soft red winter wheat. In Aussie dollar terms we see SRWW down AUD$5.33, HRWW up AUD$3.28, DNS...

US futures were lower across the board, wheat, all grades, corn and soybeans all shedding value as the world talks more of recession in 2022-23. Awesome, so recession with inflation and increasing interest rates. That’s a pretty nifty trick by the FEDs, killing everything all at once. I mean...

US corn and soybean futures closed in the red overnight. The later influencing a lower close in both ICE canola at Winnipeg and Paris rapeseed. In Aussie dollar terms the difference in day-to-day prices for canola futures represents a decline in Paris of about AUD$18.12 for the Paris Feb...

The USDA weekly US crop progress report was overshadowed by the USDA WASDE report this week, but the crop progress report did carry some information worth noting. Corn condition and progress is the main interest. With 77% of the crop now dented agronomists are starting to get a much...

Another month, another USDA World Ag Supply and Demand report. Firstly, the boring stuff, the wheat market, generally the report appears a little bearish wheat if anything. Global production is a smidge higher, up 4.32mt to 783.92mt. Beginning stocks were reduced a little and consumptions was increased a little,...

A nice rally at Chicago last night has seen wheat close the week up $20 – $30. US wheat futures initially moved higher, fuelled by continued speculation around Black Sea supply and access. This triggered speculative buying resulting in SRWW futures gaining some 5% by the close. US futures...

International grain futures were generally lower last night. Paris milling wheat in the Dec slot shed E3.50, closing at E325.25. At Chicago both HRWW and SRWW futures were lower. Minneapolis hung on well but closed in the red. Cash values out of the US Pacific North West were mixed,...

Wheat futures at Chicago and Paris moved higher on the back of talk that the Black Sea grain corridor may be closed after the agreement termination date is reached in late November. All three US wheat grades had double digit gains in the December contract. Paris milling wheat also...