It was a bit of a nothing session at Chicago for wheat and corn, corn a smidge lower, wheat a smidge higher. Conditions in Canada appear to have put the brakes on further erosion of Minneapolis spring wheat values. Chicago soybeans were sold off, shedding double digits in the...

Paris rapeseed futures were crushed in overnight trade. The Feb 2025 slot closed at €456, down €17.75 per tonne. At today’s exchange rate this is equal to AUD$29.94 / tonne. This move was against the higher close in Chicago soybean futures. The Canadian market was closed due to a...

Paris rapeseed is an interesting calculation this morning. The Feb25 slot fell from €474.25 / tonne Thursday to €473.75, back just €0.50 / tonne. The difference between the Euro / AUD day to day is the interesting part, 0.6023 on Thursday to 0.5965 last night. If you look at...

Chicago and Minneapolis wheat futures contracts all closed a little higher overnight. Spring wheat the winner, finding support from not only hot dry conditions in Canada, Russian and Ukraine but also the continued poor weather in Europe. A quick look at WorldAgWeather.com shows rain continuing across northern France and...

Chicago soybean futures were pretty flat overnight, the January 25 slot closed in the green by just 1.5c/bu. Both Paris rapeseed and Winnipeg canola managed a little better. Taking the day to day move in the AUD into account the difference between yesterdays conversion to AUD per tonne and...

Chicago soybeans were hit pretty hard again last night, shedding 17c/bu (AUD$9.55/t) in the Jan25 contract. The spill over pressure was evident in both the Paris rapeseed contract and the Winnipeg canola contract. Winnipeg closed C$18.30 / tonne lower in the January slot. Cash bids for ex farm pick...

Chicago corn and wheat staged a slight recovery after sharp losses on Friday. Soft red winter wheat and hard red winter wheat performed better than the spring wheat contract at the Minneapolis exchange. Spring wheat values are still under some pressure from the better than expected yield estimates gathered...

Canola and rapeseed futures handed back a bunch of value last night. Paris was sharply lower, down €12.75 in the Feb 25 slot, Winnipeg was worse, shedding C$23.40 per tonne in the January slot. Combine these reductions with a slightly firmer AUD, and cash prices in both Canada and...

As much as the lower AUD is helping, it may not be able to counter 100% of the move lower in US, Paris and London wheat futures overnight. All three major grades of wheat in the US pushed lower. Paris milling wheat futures closed €4.00/t lower in the December...

International grain futures markets appear to be consolidating around current values. That is except for canola and rapeseed, which have all but ran their own race over the last week or two. Both canola and rapeseed futures gave back some of the recent gains in last night’s session. Paris...