US wheat futures moved higher later in the session. All three grades making good inroads after open interest in SRWW futures at Chicago hit what some analyst were considering to be a major support level. US weekly net sales came in a 667,200 tonnes, not bad. Weekly export loading...

Denmark will be the first country to introduce a CO2 tax on livestock emissions from 2030. Denmark hope they will lead the world in taxing agriculture into oblivion, thus saving the world one cow fart at a time……… by taxing it. It is yet to be identified if the...

US wheat futures and cash values out of the Pacific Northwest continue to slip lower finding little support from the international market, or the punters in the futures market at Chicago or Paris. Milling wheat futures at Paris slipped E1.50 (AUD$2.41) in the December 2024 slot. Chicago SRWW futures...

The US wheat market appears torn between harvest pressure and the impact that recent flooding will have on both supply and quality. Wheat futures were having none of it, harvest supply pressure the main influence, and generally winning out. It’s crazy to see flooded US spring wheat fields on...

Chicago wheat and corn futures continued to push lower. Soybeans closed in the green, dragging ICE canola futures at Winnipeg higher. The move higher in Winnipeg canola and Chicago beans was not reflected in Paris rapeseed futures which closed flat to lower. Both London feed wheat and Paris milling...

US grain futures were lower again overnight, wheat, corn and soybeans all having double digit losses. The AUD shed 0.24%, helpful yes, but hardly enough to make a mark in the conversion of these losses to AUD per tonne. For nearby SRWW at Chicago the loss in futures is...

A public holiday in the US leaves us with little direction from the N.American market this morning. Futures and cash values out of the US are unchanged from yesterday. Canadian cash values XF SE Sask were generally flat for milling and durum wheat. Canola values, both ex farm and...

US wheat futures continue to drift lower, the funds continue to build a sizable net short position with the aid of harvest pressure. Values at Chicago and Minneapolis closed lower, as did cash values out of the Pacific Northwest. White wheat values out of the PNW were lower by...

US wheat futures were hit pretty hard overnight. The AUD done nothing so we don’t have that as a buffer today. Yesterday saw a slight increase in old crop APW basis Chicago SRWW, but I can’t see local basis jumping to +60c this morning to cover the downside. I’ll...

US wheat, corn and soybean futures all pushed lower in overnight trade. The weaker soybean market spilling over into the ICE canola contract at Winnipeg, values there closing the session sharply lower. In AUD terms nearby canola futures were back AUD$20.99 / tonne. Moves in the Jan25 contract were...