Paris rapeseed futures moved higher in overnight trade, as did Black Sea offers. Winnipeg canola futures found a little upside on the nearby contract but outer months were generally lower. Local basis for Australian canola remains very low compared to traditional basis values, especially against the Canadian market, understandable...

Stronger corn futures in the US underpinned the speculative market there last night. Wheat futures at Chicago closed either side of unchanged while spring wheat futures at the MGEX closed higher across all months. Cash markets in SE Saskatchewan were mixed. Spring wheat followed the lead in higher grade...

Wheat was probably the winner in last night’s US futures session but even wheat was mixed. Technical trade dominated a slow session which saw corn close lower, soybeans flat and wheat flat, lower and firmer, spring wheat leading the pack. Harvest pressure continues on the row crops with slow...

Algeria was said to have picked up 330kt of durum wheat from Canada and possibly Mexico in their most recent tender. Algeria do not make public the results of their tenders but industry speculation has the business priced in at US$630 C&F. This is a great result for the...

Bargain hunters were active in US grain futures overnight. The recent decline in prices making the market ripe for the punters. Wheat, corn and soybeans all closed in the black and generally towards the sessions high. Outside markets were stronger with Wall St climbing after the US Fed said...

International news is a little light on this morning. US wheat futures continued to push lower with all three grades slipping away. Fundamental news was not that bearish. US weekly wheat export sales were good, demand is fair and the EU increased their annual export projection thus potentially reducing...

US grain futures were part of a broader sell off overnight. Fundamental strength in some grains were ignored as the funds took the opportunity to further liquid longs in corn, wheat and soybeans. Soybeans were hit hard, Chicago beans were back 21.5c/bu (AUD$10.90) by the close, only fractionally above...

US futures were generally softer overnight with soybeans and protein wheat the biggest losers. Looking at canola futures we see ICE canola was back C$1.80, roughly in line with the decline in cash bids across central Canada. At the Paris exchange rapeseed futures continued higher closing above E600 per...

Weekly US export sales for wheat were good and underpinned the wheat futures markets there in overnight trade. At 617kt it was above the average trade estimate prior to the report. Stronger wheat futures in the US rolled over to higher offers for cash wheat out of the Pacific...

International markets are still consuming the latest Stats Canada data. The reductions in wheat and canola were a bullish treat for a market which was in some sense beginning to stagnate a little. Overnight cash prices for spring wheat out of SE Saskatchewan rallied C$6.20 for a December lift,...