I was reading a post from Andrey Sizov from SovEcon yesterday. It was a view on the US futures market. Not riddled with predictions, but simply stated. “I keep getting asked: why is wheat down so hard? Valid question. The list of reasons is long – and so is...

US wheat futures continued on the path of least resistance overnight, lower. All three US wheat grades shed value, soft red winter wheat leading the race to the bottom. The move when reflected in AUD / tonne, and compared to yesterdays conversions, is helped a little by the weaker...

One of the first market reports I opened this morning was titled “What’s going to stop the slide”. Reads a little ominous doesn’t it. It’s from the USA, and is talking about futures so it may have a little drama draped over it. If the world as we’ve been...

This weeks USDA weekly crop progress report shows corn planting has progressed to 93% sown, all but done. Corn emergence sits at 76%, and the condition of the US corn crop is rated at 67% Good / Excellent. This is the first rating of the season, and compares to...

The market wires are telling us that the pressure on grains is coming from lower crude oil futures this morning. Talks between Iran and the USA will be crucial in determining the future direction of crude oil, but at the moment the punters can see an end to war...