Cash prices for most grains around the world were lower last night. There were a few exceptions, that being good quality, high protein spring wheat out of the US Pacific Northwest. Both US and Canadian values for spring wheat 13.5%+ crept a few dollars higher. Durum wheat didn’t enjoy...

Durum prices ex farm SE Saskatchewan were a little lower overnight. Slipping around C$7.11 for a December lift. The average price ex farm SE Saskatchewan according to PDQ is about C$484.65 (AUD$563.46). Compared to French, Russian or Turkish durum, Canadian durum is still too expensive to work into any...

Chickpea values at Delhi continue to push higher on the back of lower production estimates for most summer pulse crops there. Mung bean area is expected to be back as much as 60% compared to last year. This is putting upward pressure on Indian chickpea values right at sowing...

Egypt picked up 480kt of Russian wheat earlier in the week at US$265. This was a private sale, not done by public tender. There are now reports that Egypt will again return to the market for more wheat tomorrow, this time by public tender. Year on year Egypt increased...

Some private estimates for the Argentine wheat crop are now coming in as low as 15mt. Conditions in Argentina have deteriorated further in the last month of so, soil now so dry in places it’s preventing the continuation of the corn plant. A look at World Ag Weather.com shows...

Monday: Dry weather across the Western Australian wheat belt, especially in the north around Geraldton, is creating a few issues that are now becoming more evident as harvest starts. Wheat there is a reasonable test weight for some, around 76kg, and moisture is low and protein high, generally a...

Funds remain net sellers even though we saw a little upside in wheat and corn futures at Chicago last night. Corn futures found support from some solid US export numbers. At 2.42mt it was towards the higher end of the trade estimates prior to the release. Producer sales have...

International wheat futures closed lower, Chicago SRWW and HRWW both falling. Minneapolis spring wheat joined the HRW contract and settled with double digit losses as the funds jumped back on the sell side, which they’ve actively participated in all year. London feed wheat futures slipped lower, shedding £1.15 in...

Durum imports into the EU, mainly Italy, remain very strong. Turkey and Russia remain the main suppliers at this stage. The size of the purchases has taken a few analyst by surprise. Prices have improved over the last couple of months but given the volume of imports one may...

The USDA weekly crop progress report was out last night. The US corn crop is estimated at 23% harvested. Corn condition rating was adjusted a little but the same net result in the G/E rating, last week 44/9 – 53% G/E, this week 43/10 – 53% G/E. US soybeans...