Egypt surprised the wheat market last night as they play catch up after their ergot fiasco earlier in the year. Offers against Egyptian tenders evaporated earlier this year after officials placed a 0% tolerance on ergot. The world standard...

The punters are still driving the currency markets. This time around we see them factoring no rate adjustments on cup day but they do appear to be leaning towards local rate cuts in the first quarter of next year....

More bad news for international sorghum values as China decides to subsidise domestic corn consumption to help clear massive stockpiles. The subsides are expected to assist ethanol producers ramp up production. In the northern provinces the subsidy could equate...