Deteriorating winter wheat crop condition ratings in the USA saw all three US exchange traded wheat grades improve overnight. Dry weather and a lack of snow cover across parts of the HRW belt and into the central corn belt saw crop ratings fall by up to 28% in Oklahoma....

A slightly firmer AUD against most of our major trading partners combined with a weaker close across most US grain futures may stifle any attempt local values make to move higher today. US markets were generally weaker while European markets did tend to close higher. In the case of...

Just before the break the old Canadian Wheat Board, now called G3 adjusted their estimates for the 2016-17 pool on durum wheat. Many markets around the world use this pool estimate as a benchmark pricing mechanism but do we need to ask ourselves since deregulation is the pool to...

Thin trade dominated the US markets overnight. ICE canola struggled with the January contract nearing settlement and Paris rapeseed rallied a couple of dollars. The weaker AUD should counter some of the move lower in ICE canola futures, when combined with the stronger close in rapeseed we may well...

The Aussie dollar tested support levels in last night’s session only to find a floor and bounce higher closing up around 0.30% against many of the major currencies including the Canadian dollar and Indian Rupee. The firmer USD also saw much of the previous session’s gains whittled away. The...

Chicago soybean futures lead grain higher resulting in good improvements in corn and wheat futures too. Weekend rainfall missed much of the Buenos Aires region of Argentina, this is soybean central for Argentina and dry conditions now may prune yields. I’m not sure if the dry spell is as...

I’ll try and stick to grain related news but with the assassination of the Russian ambassador in Turkey and the other “terrorist” attacks in Berlin and Beijing that news seems to be dominating even grain market wires this morning. Soybean futures found some consolidation trade after recent losses. A...

Generally grains were flat in overnight trade and oilseeds were lower. Chicago soybean futures found no love after recent good rains across much of the South American crop. Soybeans also came under pressure from a sharp decline in palm oil which slipped 12.5%. Poor Malaysian palm oil exports are...

The Aussie dollar continued lower in overnight trade with the fall likely to counter the potential downside in wheat after a lower close for all three US wheat futures contracts last night. The AUD slipped on the back of technical selling and the punters expecting to see Australia doing...

It’s all about currency this morning. Unable to continue to consolidate at yesterday’s opening value the AUD slipped to its lowest level since mid May when it spent a couple of weeks around this level. Canola was around $570 NTP Newcastle at that time. The weaker AUD should go...