Argentine sorghum for May / June movement is offered at US$220 port. Using China as a home this number roughly equates to around an equivalent delivered Newcastle port number of about AUD$340. At the moment the trade appear to...

Chicago corn, soybeans and wheat futures were all higher in overnight trade. The weaker US dollar had a bit to do with it, contributing roughly AUD$3.00 to a AUD$9.00 rally in nearby SRW wheat. The rally was fuelled by...

Corn futures at Chicago briefly broke through US$6.00 per bushel (AUD$304.70/t) overnight before retreating to close at 590c. We haven’t seen numbers that high since July 2013. In 2012 the US had some serious issues with corn production and...