US corn futures closed at a two week high on the back of speculation US sown area may not make USDA initial projection. It has nothing to do with the corn / wheat spread trade, or an escalation in the Ukraine / Russia war, or a weaker USD, or...

The AUD, up one day, down the next, then up again, the punters love their volatility. The rise of the AUD this morning will counter the move in US SRWW futures by roughly AUD$1.00 per tonne. The higher grades were less volatile in the US. HRWW harvest pace and...

US wheat futures took a hit overnight. The data out of yesterdays crop progress report for both spring and winter wheat in the states was more bearish than bullish. The main kicker being the 5pt improvement in the G/E rating for spring wheat. Both MGEX spring wheat futures and...

The USDA weekly crop progress report was out last night. Corn planting progressed to 93% complete, the major production states, Iowa, Indiana and Illinois, are pretty much bang on the 5 years average pace. Indiana is a little slow at 86% sown vs the avg of 90%, but this...

US and Canadian spring wheat values continued to rise Friday night. Canadian spring wheat XF SE Saskatchewan was bid at an average value of CAD$300.05 according to PDQ. This is a spread above the average December lift price of CAD$23.90, new crop is a discount to old crop. The...

The recent fall in corn and soybean values out of the USA appears to be attracting buyers. Good sales are being reported for both commodities out of the US with the punters expecting to see good numbers in this weeks USDA weekly export sales report due out tonight. Chicago...

US wheat futures responded positively to the USDA weekly crop progress report. The decline in quality for winter wheat was expected but still managed to put the brakes on the decline in SRWW and HRWW from the previous session. The report held the first condition estimate for both corn...

The USDA weekly crop progress report was out after the close of the day session in the US last night. Corn sowing continues to progress well in spite of some heavy rain in some locations. Corn is now estimated at 87% sown versus 85% for 5 year average. The...

The international markets remains focused on dry conditions across the north of France, hot dry conditions in the major winter wheat producing region of China, recent flooding and water logged fields in Argentina, and drought conditions across SE Australia. France has seen little rain across the northern half of...

The US dollar fell sharply on Friday after Trump again threatened to place steep tariffs on European imports to America. Trump floated the idea of a 50% tariff on EU goods as he remains unhappy with the current pace of negotiations with the EU. The move lower in the...