As of the 6th of November China included a few more Australian commodities on the banned imports list, these include, but are not limited to wine, lobsters, sugar, coal, timber and copper ore and copper concentrates. Some media reports even include wool. The advice to Chinese importers to stay...

Chicago soybean futures had another good night closing 22.75c/bu higher on the nearby with both the Nov and Jan21 contract now over 1100c/bu. The move in beans rolled through to both the ICE canola market and the Paris rapeseed futures contract. The stronger AUD will take some of the...

Indian chickpea values, although softening, are still paying a premium for N/D/J delivery versus March +. The NCDEX futures contract actually shows a discount of about AUD$75 – $80 per tonne for nearby versus March. This does tend to indicated that a marketing program more focused on the short...

Both Paris rapeseed futures and ICE canola futures followed Chicago soybean futures higher last night. The higher AUD may counter local gains a little but hopefully the trade will use this opportunity to stop eroding local basis…… lol, who am I kidding. Tunisia picked up wheat and barley in...

There are a few good tenders out this week which should see some active offers out of the Black Sea. Turkey is looking for 550kt of milling wheat for Nov / Dec, Tunisia is looking for 50kt of wheat and 50kt of barley, Syria is in for 150kt of...

In SW Saskatchewan cash durum values moved a little higher for a December lift. At C$294.91, 1CWAD13 would convert back to an Aussie port number of something close to AUD$417 delivered terminal. Yesterday port bids were available at AUD$406, so not too far from the mark. US futures seemed...

Technically wheat is neutral now, a week of lower closes at Chicago appears to have done its job in the futures market. There’s a good chance we’ll see technical support creep back into wheat over the next couple of days. Fundamental support will come from a dry outlook for...

It was a big selling night at Chicago with corn, wheat and soybeans all posting losses by the close. Corn and soybean futures were hardest hit as wheat has been closing lower all week. The weakness in soybean futures rolled over into both ICE canola futures and Paris rapeseed....

December SRWW futures at Chicago closed just above the session low and down a little from the previous settlement price. Volume was back a little from the previous weeks daily average. The lower close continues to push the charts away from over bought and closer to a neutral position...

Each report I read this morning is telling me a different reason why US wheat futures fell sharply last night. A fair few of the reports consider rain across the Russian wheat belt as a main reason. Looking at the graphics on World Ag Weather it shows some useful...