The market wires at the start of the US session appeared to place little importance on the frost event in Argentina. Instead choosing to concentrate on the returning heat in Argentina. As confusing as that is to anyone who follows fundamentals, either narrative is bullish ish. I just find...

The big news, fundamentally, yesterday was the Saturday morning frost in Argentina. One would assume that frozen soybeans may put a significant rush of blood into the world oilseed market. With the US having a public holiday, markets do appear to have missed that caffeine fuelled speculation, and additional...

The big winner in last night’s futures markets was Paris rapeseed. The nearby contract put on E11.25 with the August slot up E11.75 and the November slot also up E11.00. I’m not seeing a tonne of reasoning behind this rally in the commentary this morning. French area for winter...

US wheat futures closed the session mixed. Soft red winter wheat closed a little lower while the higher-grade wheat, hard red winter and spring wheat both closed higher at their respective exchanges. Cash prices out of the Pacific Northwest were, in Aussie dollar terms, also mixed. HRW falling a...

US wheat, corn, and soybean futures are lower. It’s a sea of red this morning, London feed wheat is lower, Paris milling wheat is lower, Paris rapeseed is off E3.25. Nearby Winnipeg canola futures are lower. Soybean oil is one of the few products closing higher last night. The...

The AUD is a little higher against the USD today. Soft red winter wheat and hard red winter wheat futures at Chicago shed a few cents per bushel. SRW futures were back about -AUD$3.16 while the move in the AUD is worth about -AUD$0.95 per tonne. US Pacific Northwest...

Wheat, soybean, and corn futures all held onto Friday night gains. Wheat managed to climb a little but the increase in value of the AUD against the US dollar will likely counter the move in SRW futures. Philippines booked 110kt of what most traders think was Aussie feed wheat...

It was all about wheat and soybeans at Chicago last night. Hard red wheat futures closed the session up 30c/bu (AUD$15.95) on the nearby, the Dec23 slot also pushed higher, gaining 24.5c/bu (AUD$13.02) by the close. Chicago soybean futures were up 23.25c/bu on the nearby. Strength rolled through to...

Cash values out of the US Pacific Northwest followed US futures lower overnight. Hard red wheat values were back day to day, taking variations in the USD / AUD into account, HRW was back roughly AUD$10.40 FOB PNW. Spring wheat values were not hit as hard, shedding AUD$6.15 when...

Another WASDE report, how quickly the months do go past. What does a quick look at the world wheat S&D table for February tell us. Well, not why US wheat futures went up last night. World opening stocks were 120kt lower, production was 2.49mt higher, consumption was a little...