The US dollar was a little firmer overnight resulting in some downside in US futures. Basically the US markets are simply in a holding pattern waiting for Fridays USDA report. Being January there is not expected to be any big surprises in the report but keep an eye on...

US futures found little to trade on with weekly export data not due out until tomorrow, no one is expecting to see any records broken but at least it gives them something to punt with. US ethanol stocks climbed although there was a week on week reduction in production....

In the USA wheat futures dragged both corn and soybeans higher. The moves higher are not huge but did happen against a strengthening US dollar which is more than they have been able to do in recent sessions. Volume in the wheat pit was a result of some shorts...

Chicago wheat opened higher and closer not far off the session high. The stochastic still indicates that March SRW futures are overbought at Chicago don’t be surprised if we see the trade sell this rally. A technical reason for support could potentially be the Goldman Sachs roll during January....

NCDEX chickpea futures now indicate that March is trading at roughly a AUD$7.00 / tonne discount to April. This would indicate that nearby supply is no longer an issue and that it may become a bit of a struggle to move old crop chickpeas to market in India. It...