The weaker US dollar helped Chicago grain futures close a little higher across the board on Friday night. The row crops also found support from wet weather. Reports of up to 8″ of rain falling across the lower Mississippi...

The rain across the US has had little impact on the sowing rate of corn and beans. Corn is still ahead of the five year average at 45% sown versus the average of 30% and soybeans are at 8%...

The Aussie dollar was smashed in overnight trade after the RBA cut official rates 25 points to 1.75%. About half the punters were predicting the 25 point cut so that left half holding a position they didn’t really want...