Prices 08/12/16

Category:
US soybeans closed well of the session high but still settled on positive ground in overnight trade. Wheat was mixed with the higher protein HRW and MGEX spring wheat contracts slipping a little while SRW futures managed to close a smidge higher. This was against the trend that many...
Read More: Prices 08/12/16

Prices 07/12/16

Category:
A good rally in US soybean futures kept corn and wheat in the black in overnight trade. On a risk off kind of US market the main money flowed back into things like oil and out of gold and bonds. Speculation rolled into ag products as well with most...
Read More: Prices 07/12/16

Prices 05/12/16

Category:
Some upside in US wheat futures last night limited week on week losses to roughly $8 / tonne, halving the potential loss it could have been. Squaring up prior to the expiry of the December contract, dryer weather forecast for the US HRW belt and good weekly US export...
Read More: Prices 05/12/16

Prices 2/12/16

Category:
US futures markets drifted lower in overnight trade. Corn and beans were softer on the back of lower than expected weekly export numbers while wheat was mixed, Chicago and hard red wheat futures slipped while Minneapolis spring wheat futures, the wheat most similar to our Prime Hard, managed to...
Read More: Prices 2/12/16

Prices 01/12/16

Category:
The Aussie dollar was sharply lower against all the majors bar the Yen in overnight trade. With the US dollar at a 14 year high it might be the only thing that will save grain prices in the short term. With improving job numbers in the States and a...
Read More: Prices 01/12/16

Prices 30/11/16

Category:
The warmer weather in Canada has helped some producers complete harvest while it has hurt others as they can no longer get onto their country until the ground freezes up enough to take machinery. There are a couple of reports due out of Canada this week which should reveal...
Read More: Prices 30/11/16

Prices 29/11/16

Category:
I just noticed my daily prices email I sent out yesterday came in at 1.33am to me. Seriously Telstra !!!!…….next thing they will be trading pulses. I sent that out around 3.30 – 4pm yesterday afternoon. The weaker US dollar is not helping our cause at the moment. With...
Read More: Prices 29/11/16

Prices 28/11/16

Category:
US futures were a little mixed with a short week and Dec options expiring. The tone from both the technical and fundamental side of the market was not bullish for wheat and corn. Soybeans did manage a higher close at Chicago although Paris rapeseed was off a couple of...
Read More: Prices 28/11/16

Prices 25/11/16

Category:
While the USA chowed down on turkey breast the rest of the world got to digest the latest International Grains Council supply and demand data. I would have preferred some nice tender breast than a report filed with more of the same “huge wheat stocks”, “bigger acres in Russia”...
Read More: Prices 25/11/16

Prices 23/11/16

Category:
Soybeans lead the market higher in the USA last night. With beans up 26.5c/bu ($13.20/t) it rolled through the oilseed market and pulled canola futures higher. Nearby ICE canola was up C$6.70 by the close. In Paris rapeseed futures also closed higher, gaining €2.25 / ($3.24) tonne. Good weekly...
Read More: Prices 23/11/16