Prices 24/5/16

More rain on the map in the US had soybeans lower, corn higher and wheat lower in overnight trade at Chicago. Thought’s that late corn acres will be abandoned and sown into beans has the bean market on the defensive while the forecast of rain across the SRW and...
Read More: Prices 24/5/16

Prices 23/5/16

On Friday night stronger soy meal prices lent support to corn and other feed grain in the US futures market. Corn managed to regain around half of the previous sessions losses by the close. Wheat futures at Chicago were mixed with soft wheat a little lower and hard wheat...
Read More: Prices 23/5/16

Prices 19/5/16

Strength in the US dollar helped push the Aussie dollar lower in overnight trade. The local currency is going through at 72.24  US cents this morning after the US Fed released the minutes of their last meeting and the punters were left with the impression there will be another...
Read More: Prices 19/5/16

Prices 18/5/16

Strength in the AUD against most major currencies will take a bit of the cream off the move higher in US wheat, corn and soybean futures but generally we should see local prices edge higher again today. Canola is likely to remain flat as ICE futures only had minimal...
Read More: Prices 18/5/16

Prices 17/5/16

Generally dry weather is expected across the durum country of the USA over the next week. This should allow for rapid progress in planting after some rain delays across the east of the region and will most likely see the last of the crop in the ground before the...
Read More: Prices 17/5/16

Prices 16/5/16

US soybean futures came under pressure Friday night as the punters are betting some acres will be switched from corn to beans due to wet weather. The central corn belt in the US has seen some pretty big falls over the last 30 days, I’ll attach a link below....
Read More: Prices 16/5/16

Prices 13/5/16

The lower close in the value of the AUD will go a long way to counter the downside in both ICE canola futures and Paris rapeseed futures. Canola slipped almost AUD$7.00 / tonne at Winnipeg but slippage in the AUD/CAD should limit local losses closer to $2.50 / tonne....
Read More: Prices 13/5/16

Prices 12/5/16

Generally the US grains market was lower overnight after some big gains on Tuesday. Soybeans bolstered the market on Tuesday and soybeans lead the market lower last night. Not all of Tuesday’s soybean rally was given back, it’s a pity the same couldn’t be said for canola though which...
Read More: Prices 12/5/16

Prices 11/5/16

Soybean futures at Chicago basically made everything else irrelevant last night. It was the biggest one day gain in the bean pit since October 2010, up 5.64%, 57.25c/bu, AUD$28.50 / tonne, any way you write it looks impressive. So what spurred beans to life in last night’s USDA report....
Read More: Prices 11/5/16