The Aussie dollar is firmer, much firmer this morning. It’s up 1.4% against the US dollar and 1.16% against the Indian Rupee and over half a percent against the Euro and Loonie. With grain futures in the US also weaker in overnight trade we don’t need Albert Einstein on...

The dollar is stronger against most major currencies this morning. The AUD / Euro was the least affected with the AUD up only 0.19% against the collective currency. Most punters are calling the Brexit a fizzer and believe that Britain will vote to remain in the EU while the...

Reality has a way of shinning through. If you were long corn at Chicago the reality this morning is you have done a packet of money. Corn had spent a good part of the last month rallying on the back of one make believe thing or another. The latest...

The soybean bus got a flat tire last night. It appeared to have run over a sharp looking weather map for the US. The corn belt should see some good falls through the next seven days. The Canadian durum belt should also benefit from some rain. The weekly US...

Ok everyone jump back on the soybean bus, the rides not finished yet. Overnight Chicago beans were up 25c/bu. Futures volume on the night was also up around 25% on the previous session. The weekly US drought monitor had some shading in parts of the corn / soybean belt...

Better weather in the US saw corn and soybean futures fall sharply in overnight trade. Both of these grains rallied last week on the back of thoughts El Nino would bring a hot dry summer to the USA. At the moment the weather map keeps tipping a continuation of...

Chicago soybeans led the US markets lower overnight. The US weather map looks favourable for wheat harvest and corn and soybean production at the moment. The 8-15 day model has some useful falls pencilled in for the corn belt and rain generally staying away from the hard red wheat...

Black Sea / FSU crops saw another week of good rainfall that countered higher than average temperatures in the east. In the west of the region rainfall was associated with cooler conditions. If the season stays wet and cool in the west it may hinder production prospects in the...

It’s going to get hot in the US this week. Parts of the hard red wheat belt where farmers are busy harvesting or getting ready to harvest will be the hottest. Temperatures are expected to climb into the mid to high 30’s across much of Texas, Oklahoma and Kansas....

There was some downside in US futures in overnight trade. Technically corn was overbought and looking for somewhere to go. With a better weather map out for the States for next week the punters showed little hesitation in taking some profit. Wheat has been dragged higher by corn and...