The US markets were driven higher by soy meal demand and the feed grain complex. It’s an interesting one to watch unfold as it really drives home the ability of the feed millers to swap from one source to the next depending on price. The heavy rain at harvest...

The AUD was mixed against the majors but generally traded lower. It was sharply lower against the greenback following a speech from Glen Stevens yesterday which lead many punters to come to the conclusion we may be seeing another interest rate cut in the mid term. The next level...

More rain on the map in the US had soybeans lower, corn higher and wheat lower in overnight trade at Chicago. Thought’s that late corn acres will be abandoned and sown into beans has the bean market on the defensive while the forecast of rain across the SRW and...

On Friday night stronger soy meal prices lent support to corn and other feed grain in the US futures market. Corn managed to regain around half of the previous sessions losses by the close. Wheat futures at Chicago were mixed with soft wheat a little lower and hard wheat...

Strength in the US dollar helped push the Aussie dollar lower in overnight trade. The local currency is going through at 72.24  US cents this morning after the US Fed released the minutes of their last meeting and the punters were left with the impression there will be another...

Strength in the AUD against most major currencies will take a bit of the cream off the move higher in US wheat, corn and soybean futures but generally we should see local prices edge higher again today. Canola is likely to remain flat as ICE futures only had minimal...

Generally dry weather is expected across the durum country of the USA over the next week. This should allow for rapid progress in planting after some rain delays across the east of the region and will most likely see the last of the crop in the ground before the...

US soybean futures came under pressure Friday night as the punters are betting some acres will be switched from corn to beans due to wet weather. The central corn belt in the US has seen some pretty big falls over the last 30 days, I’ll attach a link below....

The lower close in the value of the AUD will go a long way to counter the downside in both ICE canola futures and Paris rapeseed futures. Canola slipped almost AUD$7.00 / tonne at Winnipeg but slippage in the AUD/CAD should limit local losses closer to $2.50 / tonne....