Thailand picked up 60kt of feed wheat overnight at US$236.50 CFR. The punters are tipping the loading to be from Romania or Argentina, there’s nothing of that grade coming out of Western Australia at present. To put it into perspective we would see around US$20 to move product from...

US grain futures concentrated on technical trade and thoughts that some of the wheat and soybeans left standing in northern fields may be abandoned. The weather issues in the US were nothing more than a slight hand brake as downside momentum picked up and corn, soybeans finished the session...

ABARES Australia wheat production estimate has finally fallen into line with the majority of private estimates. At 15.85mt it is well below the USDA estimate of 17.2mt. The number to keep in mind is the international export estimate. Thus USDA still predict an impossible export number of 9mt. Most...

US soft wheat futures at the CME were sharply higher in overnight trade. Hard red wheat futures were tempered somewhat versus soft and spring wheat futures rallied around 1/3 of the value (just 6c/bu) of the move higher in soft wheat. Weekly US export sales were the catalyst for...