US futures markets drifted lower in overnight trade. Corn and beans were softer on the back of lower than expected weekly export numbers while wheat was mixed, Chicago and hard red wheat futures slipped while Minneapolis spring wheat futures, the wheat most similar to our Prime Hard, managed to...

The Aussie dollar was sharply lower against all the majors bar the Yen in overnight trade. With the US dollar at a 14 year high it might be the only thing that will save grain prices in the short term. With improving job numbers in the States and a...

The warmer weather in Canada has helped some producers complete harvest while it has hurt others as they can no longer get onto their country until the ground freezes up enough to take machinery. There are a couple of reports due out of Canada this week which should reveal...

I just noticed my daily prices email I sent out yesterday came in at 1.33am to me. Seriously Telstra !!!!…….next thing they will be trading pulses. I sent that out around 3.30 – 4pm yesterday afternoon. The weaker US dollar is not helping our cause at the moment. With...

US futures were a little mixed with a short week and Dec options expiring. The tone from both the technical and fundamental side of the market was not bullish for wheat and corn. Soybeans did manage a higher close at Chicago although Paris rapeseed was off a couple of...

Soybeans lead the market higher in the USA last night. With beans up 26.5c/bu ($13.20/t) it rolled through the oilseed market and pulled canola futures higher. Nearby ICE canola was up C$6.70 by the close. In Paris rapeseed futures also closed higher, gaining €2.25 / ($3.24) tonne. Good weekly...

The US dollar continues to rise against the other major currencies on prospects of a US rate rise in December. The Aussie dollar continues to fall against the other major currencies and is now back under 74c, in fact it’s closer to 73c this morning. Combining a stronger close...

Grain markets in the US and Europe were generally flat to firmer overnight. With the punters now leaning the odds in favour of a US rate rise in December our dollar has enjoyed some much needed weakness. The weaker dollar makes up about 40% of the potential move higher...

Technically US wheat futures were a little oversold after the last few days and were looking for a higher close. It doesn’t look like a turnaround or a trend higher in the midterm but technically speaking the downside is limited from here without any dramatic fundamental changes. China has...