There’s a saying in the US grain futures market, “the bulls need feeding every day”. This simply means that a rally needs constant bullish news to sustain it. The dry weather in Canada, the potential destruction of a nuclear power plant in Ukraine, the possible abandonment of the Black...

The jump in US wheat futures overnight was attributed to both poor crop ratings in the US along with a slow harvest pace, as well as developments in the Russia / Ukraine war. With just 37% of the US winter wheat crop in the bin it is starting to...

Algeria picked up durum this week. Algeria don’t make their tender results public. The trade tend to speculate on both price and tonnage which are later confirmed by sellers in one way or another. The price is being assumed to be around US$386 CiF. The seller/s are expected to...

The only green on the board this morning is again in the oilseeds. Chicago soybean futures managed to keep the momentum going and closed 24.75c/bu (AUD$13.63) higher in the Sept 23 slot, and again lending a hand to Paris rapeseed. The Winnipeg market was closed due to the Canada...

US grain futures again suffered through another volatile session. Data from the USDA acreage and stocks report set the tone for the session. Wheat was lower, SRWW futures at Chicago shedding AUD$9.24, while HRWW was mixed. Spring wheat futures at Minneapolis were a tad weaker while values out the...