Both Paris rapeseed futures and ICE canola futures followed Chicago soybean futures higher last night. The higher AUD may counter local gains a little but hopefully the trade will use this opportunity to stop eroding local basis…… lol, who am I kidding. Tunisia picked up wheat and barley in...

There are a few good tenders out this week which should see some active offers out of the Black Sea. Turkey is looking for 550kt of milling wheat for Nov / Dec, Tunisia is looking for 50kt of wheat and 50kt of barley, Syria is in for 150kt of...

In SW Saskatchewan cash durum values moved a little higher for a December lift. At C$294.91, 1CWAD13 would convert back to an Aussie port number of something close to AUD$417 delivered terminal. Yesterday port bids were available at AUD$406, so not too far from the mark. US futures seemed...

Technically wheat is neutral now, a week of lower closes at Chicago appears to have done its job in the futures market. There’s a good chance we’ll see technical support creep back into wheat over the next couple of days. Fundamental support will come from a dry outlook for...

It was a big selling night at Chicago with corn, wheat and soybeans all posting losses by the close. Corn and soybean futures were hardest hit as wheat has been closing lower all week. The weakness in soybean futures rolled over into both ICE canola futures and Paris rapeseed....

December SRWW futures at Chicago closed just above the session low and down a little from the previous settlement price. Volume was back a little from the previous weeks daily average. The lower close continues to push the charts away from over bought and closer to a neutral position...

Each report I read this morning is telling me a different reason why US wheat futures fell sharply last night. A fair few of the reports consider rain across the Russian wheat belt as a main reason. Looking at the graphics on World Ag Weather it shows some useful...

Technically speaking Chicago soft red winter wheat futures for December have been over bought for a week or more now and if one was to use the historical time a contract stays over bought prior to expiry one might come to the conclusion that there is potentially a lot...

US futures saw the punters pulling wheat money out, taking some profit after the recent rally above 600c/bu and placing their bets back on Wall St which saw progress on the US$2T COVID stimulus package, it was only confirmation it will not be presented until after Nov 3rd. Corn...

A combination of weaker low to mid-grade wheat futures at Chicago and a firmer AUD will keep a cap on prices today. Not that the local markets have been too wrapped up in benchmarking against US futures and basis of late. Hell, we can’t even get them to sustain...