At 13.1mt US wheat export sales (5.477mt Outstanding + 7.623mt Shipped) are the best they have been for this time in their marketing year as they have been in the last 5 years. Back in 2019 – 2021 Australia was suffering through a 1-100 year drought, the worst drought...

Profit taking dominated the US futures markets last night after a higher close the previous session. Momentum continues to be a thing of the past with commodity futures up one day down the next, wheat futures slowly grinding lower. The Dec SRWW contract is still above the contract low...

The AUD continued to push higher against the US dollar overnight, hitting a session high of 66.87 late, after some volatility early in the session. The US FED will meet tonight to announce if, or when, or not, they will increase, decrease, or hold steady, the official US interest...

The AUD continued to creep higher overnight, topping out at 66.73 US cents before slipping a little into the close. The AUD is higher against most of our major trading partners bar the pound, and is only a smidge higher against the Euro. The strength in the AUD is...

It’s September USDA World Ag Supply and Demand Estimates day. Was it a case of sell the rumour / buy the facts, you might say so. The wheat data wasn’t bullish, but was generally what most had expected to see. Looking at the data the big picture is 3.98mt...

There were some major corrections in Black Sea wheat values over the last 24-48 hours, downwards. Russian and Ukraine values had been holding on much better than US values, keeping a healthy premium, up until the last couple of session. Day to day changes in Black Sea values are...

There’s a USDA World Ag Supply and Demand Estimates report due out tomorrow night. The punters have been active squaring up this week, some of this action had been supportive but the steam appears to have ran out. US futures were a sea of red last night apart from...

The AUD was a smidge lower in overnight trade. This did help counter some weaker numbers from the futures markets and other major grain exporters, but it may not stop local bids here from drifting a little lower today. Mind you the risk of a frost across a lot...

The USDA crop progress report was out after the close last night. 95% of the corn crop is in dough stage, 74% dented and 25% is rated as mature. US corn harvest pace is in line with the 5 year average at 4% and is just getting under way...

The Aussie dollar is stronger against all the major currencies this morning bar the Yen and Euro, which it was only fractionally stronger against. The move in the dollar puts a lot of pressure on the conversion of international grain prices, cash and futures. For the conversion of SRWW...