US grain futures seemed happy to consolidate around current values overnight. The AUD made a slight recovery against most of our major trade partners so it generally countered any moves higher by some US grain futures. Canola at the...

Wheat futures in the US were generally stronger in overnight trade, although there was some weakness in the spring wheat contract as old crop spreads begin to weaken and converge with new crop spreads. For example the spread from...

The Aussie dollar topped out at 76.33USC before slipping back under 76 and then settling into a range which finally saw it close out slightly above where it started at 75.88. The RBA left rates on hold but their...