Spring wheat was hit hard in overnight trade, both cash and futures shedding significant value. The average cash bid for 1CWRS13.5 wheat out of SE Saskatchewan for a December lift was CAD$265.25 / tonne according to PDQ, down CAD$8.30 / tonne from the previous day. Minneapolis spring wheat futures...

International cash values and futures for wheat were generally a little higher in native currency overnight. The moves look more speculative than fundamentally driven. There’s a monthly USDA World Ag Supply and Demand Estimates (WASDE) report due out tonight. This is more likely the usual positioning prior to a...

Looking around the world this morning there’s no big moves in anything that should have a major impact from a fundamental or cash price perspective. This leaves much of the impact on price today up to variations in local and cross currency exchange. The AUD is at 65.35 as...

With more and more of the northern hemisphere moving through their winter wheat harvest, the market driver for wheat is turning from supply to demand. The next USDA World Ag Supply and Demand Estimates report is due out on August 12th US time. In last months WASDE we saw...

The deterioration in condition of the US wheat crop in last Tuesdays crop progress report is well and truly behind the market now. With the harvest pace picking up it’s all about buy low, sell high, and it’s buying time. Another crop progress report came out after the close...

US futures markets were closed last night. Paris milling wheat futures fell €2.00/tonne in the Dec slot, London feed wheat futures were back £1.15 / tonne in the Jan 26 slot. Cash values around the world were mixed, generally a smidge higher. Black Sea values were up AUD$1.00 to...

US wheat futures gave back a large slice of the weeks gains to date. Not that it may have much of an impact here on local prices. The recent moves have hardly been reflected in new or old crop wheat bids here. Local APW / Chicago SRWW basis was...

US futures for wheat, corn and soybeans all saw some good technical support at Chicago ahead of this weeks US export numbers. Up country bids in the states generally saw weaker basis, the physical market not moving as high as futures. At Chicago wheat was said to be a...

Some nice moves higher in both US wheat futures and most international cash values. The exception being the Black Sea market which moved lower, sticking with the current trend in that region. Russian and Ukraine wheat work into the Asian market at values either side of current Aussie values....

US wheat futures continued down the path of least resistance, lower. The overnight improvement in the value of the Aussie dollar isn’t helping any conversions this morning either. Looking for a ray of light is a bit of a struggle this morning, but it does appear that EU durum...