The Aussie dollar will take back what it gave us yesterday, up over 1% against the US dollar overnight. The bad news this morning is that we see the rally in the AUD coinciding with weakness in most US grain futures markets. Wheat, corn and soybean futures in the...

All three US wheat futures contracts pushed higher. The reversal tending to support the current fundamentals developing for both new and old crop wheat across both hemispheres. The move higher in Dec24 SRWW futures at Chicago more than covers the previous sessions decline. Many analyst are now moving towards...

Volatility in the Chicago soybean market was a feature of last nights session, the trade torn between weather concerns in S.America and harvest pressure in the USA. Combine this volatility with some recent wet weather in parts of Canada and the net result was further gains in Winnipeg canola....

Dry sowing issues across Russia and Ukraine, wet weather across the Brazilian crop at harvest, frost damage to fields across southern Australia and cold dry weather across Argentina were all fundamental factors backing some much needed technical buying in Chicago wheat futures last night. Weekly US wheat export inspections...

The Australian wheat crop is seeing revisions lower for the first time in months. Frost damage to southern districts in NSW, Victoria, South Australia and Western Australia has seen private estimates fall from the previous weeks high. Some locations falling as much as 30%. Frost damage is hard to...

Harvest pressure from the US row crops combined with poor US weekly export data to set the tone for the session at Chicago. Corn, wheat and soybeans all closing in the red, wheat leading the way. Paris milling wheat futures followed the lead from Chicago, shedding €2.75 in the...

The US FED done exactly what the majority of punters had expected them to do, they cut rates by 50pts, the first fall in rates since they printed all that money back in Covid. The next question is, will the local RBA follow their lead on the 24th. Most...

International wheat futures were generally a little lower, although spring wheat futures at Minneapolis did buck the trend, managing to close a smidge higher across all months. Paris milling wheat pushed lower, shedding €1.25 for both the December and March contracts. Both Winnipeg canola and Paris rapeseed were higher,...

Wheat futures at Chicago, Minneapolis, London and Paris all took a hit last night. US hard red winter wheat was the worst off. Futures at Chicago for HRWW falling 19.5c/bu nearby Dec24, AUD$10.61/t at this morning’s exchange rate which is also up 0.71%, not helping the day to day...

Canola was the big loser overnight. Both Winnipeg canola futures and Paris rapeseed futures seeing a significant reduction in new and old crop slots. Chicago beans were lower, but not anything as bad as the canola and rapeseed contracts. Chicago beans shed just 4.75c/bu (AUD$2.60/t) in the Jan 25...