I may have jumped on the wheat bull wagon a little early yesterday. The technical Tuesday recovery now appears to have been nothing more than a dead cat bounce. US and Paris wheat futures both shedding value overnight. The biggest thorn in our side today will be the jump...

The sharp move lower in US wheat futures on Monday was not repeated last night. There were a lot of analyst wondering why US futures were falling as Russian wheat productions estimates were only getting lower. To see wheat cheaper on the back of that kind of fundamental news...

The USDA released their weekly US crop progress report last night. There were no real surprises apart from maybe a little better progress than expected in the sowing of summer crops. A slight decline in the condition of the US winter wheat crop may also help put the brakes...

Both Paris rapeseed futures and Winnipeg canola futures had a reasonable correction last night after multiple softer sessions over the last few nights. Paris closed higher in both the nearby and Feb 25 contracts, Aug +E6.75, Feb +E5.50. Taking the slightly stronger AUD into account, the nearby rally converts...

Algeria was said to have picked up 840kt of mostly EU milling wheat for August. Values are speculated, as is tonnage, as Algeria do not make public their purchase details. Current trade guesstimates on value appear to be around US$279. This price does seem to be pretty low, well...

Both Paris rapeseed futures and Winnipeg canola futures were lower overnight. The slightly weaker AUD will help buffer some of the downside, but the losses were significant even when taking the softer AUD into account. Paris rapeseed was back the equivalent of roughly AUD$12.19 and Winnipeg canola was lower...

Rabo bank has announced that Australia is expected to sown a larger area to wheat than last year. Given the timing of rain across the eastern and western states over the last week or so a slightly larger area just might turn out to be a bit of an...

Technical pressure continued in US grain futures, corn, wheat and soybeans all closing slightly lower overnight. Week on week US grain futures saw losses, not huge losses considering the recent rally, but enough to bring US grain prices back into play. Values out of the Pacific Northwest were generally...

Chickpea prices at the Delhi market saw their largest decline in a few weeks overnight. Shedding roughly AUD$22.00 per tonne once the change in Rs/AUD is taken into account. Last night saw most grains, both cash and futures markets, from around the world close lower. Winnipeg canola futures and...

The slightly weaker AUD may go some way to buffering moves lower in US wheat futures and cash vales out of the Pacific Northwest overnight. While US wheat values were generally lower Black Sea and even some French port values were seen to be higher. The cost of execution...