Prices 6/7/16

If you were long US soybean futures last night you would have been wishing the long weekend never ended, your hangover was only just starting. Soybeans lost 5.3% in overnight trade, new crop beans lost up to 60.25c/bu, that’s almost AUD$30 / tonne. With the US summer thus far...
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Prices 5/7/16

According to some analyst the strength in the Aussie dollar is likely to be short lived once the Yanks sober up and get back to work. The AUD is stronger against all the major currencies this morning. This will not help ag prices here one little bit. There’s still...
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Prices 4/7/16

It’s a sea of red across grain futures markets this morning, apart from ICE canola futures, but don’t get excited it was a public holiday in Canada. Paris rapeseed futures were back €2.25 / tonne for the Feb 17 contract so there is every chance ICE canola will play...
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Prices 1/7/16

The US acreage report was out last night. The punters had thought for a while now that the last of the corn would be switched into soybeans. Well that didn’t happen, in fact corn acres were increased from the March report. The US farmer ended up sowing 94.1 million...
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Prices 30/6/16

US grain futures were under pressure from technical trade ahead of tonight’s USDA acreage report and first notice day in July futures. The US weather map doesn’t look too bad either with some rain across the corn belt prior to temperatures warming over the next week or ten days....
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Prices 29/6/16

I’ve been watching the Indian chickpea futures market since the government there suspended any new positions or contracts from being launched. This was an attempt to flush out speculators that may be forcing prices higher. Fancy that speculators on a futures market, what were they expecting to find there...
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Prices 28/6/16

It was a mixed night on US futures markets. Soybeans were sharply higher, once again on long term weather forecasts tipping dryer than average conditions in the midterm. Weekly USDA soybean ratings were also back 1% in the G/E field last night so that will help fuel the rally...
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Prices 27/6/16

Currency markets are a little hard to predict at present, not that anyone I know has ever been able to predict them accurately anyway but last night was particularly hard. The AUD / Yen was belted for six, the AUD / Euro has the AUD stronger, the AUD /...
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Prices 24/06/16

The Aussie dollar is firmer, much firmer this morning. It’s up 1.4% against the US dollar and 1.16% against the Indian Rupee and over half a percent against the Euro and Loonie. With grain futures in the US also weaker in overnight trade we don’t need Albert Einstein on...
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Prices 23/06/16

The dollar is stronger against most major currencies this morning. The AUD / Euro was the least affected with the AUD up only 0.19% against the collective currency. Most punters are calling the Brexit a fizzer and believe that Britain will vote to remain in the EU while the...
Read More: Prices 23/06/16