Watching the US soybean futures market was interesting yesterday. Trump finally met with Xi and exclaimed the meeting was great, the best meeting ever, rating it a 12 out of 10. Soybean futures plummeted 24c/bu before eventually recovering late in the session and making modest gains. The trading range...

Canola out of the US / Canadian Pacific Northwest showed good gains overnight. The day to day conversion comparison indicated gains in excess of AUD$15.00 / tonne. The FOB gains were not backed up with higher values across SE Saskatchewan where canola for a December lift only improved by...

Reuters reports that late monsoon rain has damaged summer crops in India. Western Maharashtra has seen fields of rice, soybeans and cotton written off by the late season deluge and associated flooding. Some yields are being slashed by as much as 80% in some locations, and then there is...

The AUD is often viewed in the currency trading world as a liquid proxy for the Chinese Yuan. Hence when the press tell the world that the talks between the US and Chinese preventatives over the weekend went well, then that must be good the Yuan, bam, they buy...

There is little change in international cash and futures values this morning. Black Sea wheat values are the weakest of the major export regions, while wheat values out of the US Pacific Northwest were generally either side of unchanged by less than a dollar. During the week Algeria picked...

There’s a bit of push and pull in the international durum market at present. Drought continues in Turkey, creating sowing problems for dry land producers and potentially reducing supply into the Turkish pasta processing industry for 2026-27. Turkey is also expected to limit 2025-26 exports. The current situation is...

There were some big variations in the international canola / rapeseed market overnight. Paris rapeseed futures gained €7.25/t in the Feb slot. This move was backed up by increases in the cash port values for French rapeseed as well. The day to day conversion comparison increasing by roughly AUD$18.11/tonne....

Chicago soybean futures retreated from setting a short term high, back 1.5c/bu in the January slot. News that soybean sowing is progressing well across Brazil wouldn’t have helped the sentiment in the US. Sowing progress is estimated at 44% complete in Mato Grosso, 7pts ahead of this time last...

Desi chickpeas are indicated at US$311.50 delivered packer Saskatchewan. Extrapolating this from a packer price somewhere in central Canada to a delivered Indian price and then back to a delivered NNSW packer or ex farm LPP value starts to contain a lot of assumptions. There are a raft of...

The lack of official USDA data on a daily, weekly or monthly basis is hurting some traders more than others. The futures markets are seeing more directionless trade. From an outsiders perspective this doesn’t look entirely bad, as it does appear to be reducing volatility. Yes that’s also boring...