The price of Argentine sorghum has been volatile this week. Varying up to US$20.00 / t on some days. Last night was one of those days. Conversion comparison between up river rates on Wednesday and Thursday, and taking the AUD into account, show a day to day gain of...

US hard red winter wheat futures have settled above 700cbu from the July slot through to the May 2028 contract now. Dec26 closed at 736.75c/bu. The last time we saw the nearby close at the Dec level for HRWW was back in late September 2023. Values had pushed above...

US wheat futures moved sharply higher overnight on the back of the same fundamental news as it has been reading for more than week now. This leaves quiet a few analyst thinking this is another play by managed money, getting long wheat again. We have seen this in the...

The US weekly crop progress report was out overnight. Corn planting advanced to 25% sown versus the 5 year average of 19%. Soybean sowing is also advancing well with 23% in the ground versus the 5 year average of 12%. Sorghum sowing is moving north, Kansas sowing 4% of...

The premium grade wheat futures contracts in the US made some good gains last night. The move in US futures dragging Canadian spring wheat values, both XF SE Saskatchewan and FOB Pacific Northwest closed higher. The day to day conversion comparison for PNW spring wheat is up roughly AUD$7.29/t...

Dry weather across the western parts of the US hard red winter wheat belt helped turn around the futures session in the USA. Futures initially trended lower but with the 7 day rainfall models remaining poor for a deteriorating western wheat belt, the punters got back on the buy...

It’s all about the AUD this morning. Lucky there was a little upside in US wheat futures to counter the pressure from the dollar. The question now is do we go through to the long term average, the number so often touted as the RBA’s ideal value, 72 US...

US wheat closed higher day to day after some late session selling. Chicago soft red winter wheat futures topped out at 589.5c/bu before succumbing to some late session selling after Trump stated that Iran wanted to make a deal. I was reading about the US blocking the Straight of...

US futures markets continued to focus on ample world and US wheat stocks overnight. Flat to softer wheat futures at Chicago and Minneapolis continues to weight on FOB offers out of the Pacific Northwest, resulting in lower prices for export wheat from both the US and Canada into the...

The latest USDA World Ag Supply & Demand Estimates report was out last night. It may go down as one of the less relevant or forgettable reports published in a while. I’ll drill down a little into the wheat numbers here to help show you why. World wheat ending...