Chicago soybean futures retreated from setting a short term high, back 1.5c/bu in the January slot. News that soybean sowing is progressing well across Brazil wouldn’t have helped the sentiment in the US. Sowing progress is estimated at 44% complete in Mato Grosso, 7pts ahead of this time last...

Desi chickpeas are indicated at US$311.50 delivered packer Saskatchewan. Extrapolating this from a packer price somewhere in central Canada to a delivered Indian price and then back to a delivered NNSW packer or ex farm LPP value starts to contain a lot of assumptions. There are a raft of...

The lack of official USDA data on a daily, weekly or monthly basis is hurting some traders more than others. The futures markets are seeing more directionless trade. From an outsiders perspective this doesn’t look entirely bad, as it does appear to be reducing volatility. Yes that’s also boring...

The AUD was weaker against most of the majors overnight, falling up to 1% against the Yen. The AUD remains bent by the trade dispute between the USA and China. It’s a little ironic as the weaker dollar will actually help Australia in its efforts to sell exports…….to China....

Offers have finished being submitted for the Algerian durum tender and we should have some news on volume and price later today or tomorrow. The tender will be broken down into four shipment windows, First half November, second half November, first half December and second half December. The tender...

Jordan picked up 60kt of milling wheat at government tender last night. Jordan, like Algeria, keeps market tender results private, but there are a number of trade estimates out there suggesting CHS was the successful seller at US$262.50 per tonne C&F for second half of Feb delivery. On the...

Federal holidays in Canada and the US leaves market data for north America a little scarce this morning. Cereal and corn markets generally continue to trend lower while oilseeds were mixed. Paris rapeseed futures closed +€3.50 / tonne in the Feb slot, Chicago soybeans +2c/bu in the Jan slot...

The weaker Aussie dollar is doing all the hard lifting this morning. The AUD is back against most of the majors, shedding over 1% against the greenback. The Aussie dollar crashed sharply mid session, slipping from 65.44 to 64.9 over the course of an hour and never really recovered,...

A reduction in the value of the AUD against many of our major trading countries is beneficial to price conversions here today. The AUD slipped 0.55% against the USD and 0.43% against the Indian Rupee. Delhi chickpea values improved for the second day in a row, up roughly 34Rs/Q....

Trump has announced US$12 – US13 billion in aid to US farmers hurt by the trade war with China. When asked about distribution no details were given. The current US government shut down may delay the distribution of funds. To put this into perspective, the Australian wheat crop, if...