International Commentary Nearby Kansas wheat futures were hit pretty hard last night, shedding 24.25c/bu (AUD$13.71/t) in the Dec slot. The December contract will move to first notice next week as it nears expiry. The move is probably more of a quick position adjustment prior to the end of November...

International Commentary US wheat futures made some progress higher last night after falling for three of the last four sessions. Paris milling wheat futures also closed in the green, up €2.00 in the December contract and €0.50 in the March slot. Cash wheat values out of the US Pacific...

International Commentary US and Paris wheat futures all closed in the red last night. Lower US futures were reflected in cash values out of the Pacific Northwest, apart from spring wheat. Minneapolis futures fell away 5c/bu, the least of the US wheat’s, but spring wheat out of the PNW...

International Commentary A higher close for Chicago soybean futures couldn’t put the brakes on the decline in both Winnipeg canola and Paris rapeseed futures. Paris did fare a little better than Winnipeg though. Paris slipped in the Feb / May slots but managed to close higher in the Aug...

International Commentary US wheat futures opened firmer but succumb to profit taking by the close. After closing higher for 4 consecutive sessions some profit taking was in order. There’s no change to the global fundamentals at present. US and Russian winter wheat is fine and there’s been no disruption...

International Commentary International wheat futures were firmer in overnight trade. Chicago SRWW and HRWW futures made small gains, as did spring wheat futures at Minneapolis. Paris milling wheat closed higher across all months, the March 2025 contract putting on €3.00 / tonne. Corn closed a smidge higher at Chicago...

International Commentary US and Paris wheat futures closed higher, one of the few grains closing in the green last night. Chicago SRWW futures did not preform as well as the previous session, the firmer AUD almost countering the move completely. Paris milling wheat was firmer, closing +€0.75 / tonne...

International Commentary The Australian harvest moves on with CBH in WA taking 3.2mt last week, taking receivals to date to 7.2mt and roughly 40% of projected receivals. On the east coast Graincorp sites saw 1.5mt of additional deliveries taking harvest receivals to 6.67mt. Harvest is winding up on the...

With the US now off daylight saving time and Australia is on it, the time difference has shrunk. Being so far apart one might think this has little impact on price analysis, but I start to prepare this report at 6.30am. This is fine to get closing futures data,...

US grain and oilseed futures continued to push lower last night. All three wheat grades, corn and soybeans all closing in the red. Paris milling wheat futures saw a €1.25 / tonne jump in the December contract but outer month contracts were all in the red. Weakness in soybeans...