March futures contracts closed out last night so don’t take too much notice of March values today. May futures at Chicago saw gains for both SRW and HRW, corn also saw some upside while soybeans were flat. HRW futures found support from drier than desired weather in western Kansas....

It might be time to remind the RBA that they were “happy” with the AUD at 72c, that’s three and a half cents ago now and doing none of us any favours. We have China in the red corner locking in its currency at a better than expected rate....

It’s seven session in a row for US wheat futures, yep, for the last seven days CBOT wheat has closed higher than the previous days settlement. Since last Tuesday soft wheat is up 33c.bu on the nearby contract, that’s roughly $16 per tonne. For the same period our APW1...