Prices 25/11/16

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While the USA chowed down on turkey breast the rest of the world got to digest the latest International Grains Council supply and demand data. I would have preferred some nice tender breast than a report filed with more of the same “huge wheat stocks”, “bigger acres in Russia”...
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Prices 23/11/16

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Soybeans lead the market higher in the USA last night. With beans up 26.5c/bu ($13.20/t) it rolled through the oilseed market and pulled canola futures higher. Nearby ICE canola was up C$6.70 by the close. In Paris rapeseed futures also closed higher, gaining €2.25 / ($3.24) tonne. Good weekly...
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Prices 21/11/16

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The US dollar continues to rise against the other major currencies on prospects of a US rate rise in December. The Aussie dollar continues to fall against the other major currencies and is now back under 74c, in fact it’s closer to 73c this morning. Combining a stronger close...
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Prices 18/11/16

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Grain markets in the US and Europe were generally flat to firmer overnight. With the punters now leaning the odds in favour of a US rate rise in December our dollar has enjoyed some much needed weakness. The weaker dollar makes up about 40% of the potential move higher...
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Prices 17/11/16

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Technically US wheat futures were a little oversold after the last few days and were looking for a higher close. It doesn’t look like a turnaround or a trend higher in the midterm but technically speaking the downside is limited from here without any dramatic fundamental changes. China has...
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Prices 16/11/16

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Technically US wheat futures were a little oversold after the last few days and were looking for a higher close. It doesn’t look like a turnaround or a trend higher in the midterm but technically speaking the downside is limited from here without any dramatic fundamental changes. China has...
Read More: Prices 16/11/16

Prices 15/11/16

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The media are still absorbed with political analysis and what it means for exports and imports of not only US product but what opportunities the implementation of trade barriers into the US may offer international exporters. If Trump delivers on pre election promises and introduces trade barriers and tariffs...
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Prices 14/11/16

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Choppy thin trade saw some markets give back gains while others continued to strengthen. The US media seem too involved with the Trump presidency than anything else at present, fundamental news is a little harder to find in the US even though it was a WASDE week. Canada had...
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Prices 11/11/16

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Canola futures were dragged lower on the back of sharply lower soybean futures on Wednesday’s session. With soybeans staging a slight recovery last night and the S&D for canola still looking more bullish than bearish ICE futures for canola last night managed to take back the losses from the...
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Prices 10/11/16

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With all the drama around politics in the US the media generally brushed the monthly USDA World Ag Supply & Demand Estimates report under the carpet. Well at least until it was announced, then the market took some notice. The USDA increased corn and soybean production estimates in the...
Read More: Prices 10/11/16