The WASDE data appears to now be a distant memory. The sudden realisation that the US HRWW crop is a bit shagged hardly even rating a mention for the algo traders. Chart trading bears might be eyeing off the gap in the chart at 636c/bu, lets hope not. One...

US grains tried to hold onto the recent rally at Chicago. Corn and soybeans succeeded, but all three major wheat grades gave back some gains. There was talk December futures for hard red winter wheat were going to test 800c/bu, but closed the session at 750c/bu. The US 2026-27...

Chicago wheat futures focused a little more closely on the weekly USDA crop progress report last night, probably giving the decline in winter wheat crop condition in Kansas the attention it deserved. Chicago HRWW jumped 45c/bu, or if you live in the 21st century, that’s roughly AUD$22.84/t at this...

We have a USDA World Ag Supply and Demand Estimates report due out tonight. The trade have mixed views on what this report will hold. Some expecting to see the USDA reduce US exports, increasing 2025 wheat carry out. Some expect to see little change. Funds are long. One...

Algeria picked up approximately 390kt to 420kt of soft wheat during the week. Numbers are estimates for price and volume, due to Algeria not actually confirming their trade data. The trade had expected to see volume closer to 650kt, so 420kt was a little bearish to the market. Prices...

US futures continue to hand back value, hard red wheat shedding 21c/bu (AUD$10.69/t) overnight. Many punters may argue that this is against the majority of fundamental signals, and that’s hard to deny. There are few that can stand in the way of fund manager with a sell order and...

International grain markets were generally lower. Both cash and futures shedding value on the back of outside pressure, mainly from crude oil. WTI crude shed US$7.19/b in the June slot, Brent fell US$8.60/b. This had a significant pull on the oilseed market, with both Winnipeg canola futures and Paris...

US and Canadian cash wheat values out of the Pacific Northwest were lower overnight when compared to the previous days conversions to AUD / tonne equivalent. Down roughly AUD$2.00 to AUD$4.00 per tonne, the US product lead global wheat value lower, French, Russian and Argentine values all slipped lower...

It’s Tuesday, US weekly crop progress report time. US corn sowing is underway with 38% of the crop now in the ground. Southern states are making some very good progress but generally the whole crops is going in very quickly, even though the central corn belt has seen falls...