Oilseeds were the big winner in last night’s sessions. In the futures markets Chicago soybeans moved 14.75c/bu (AUD$7.43) higher to close the January slot at 1260c/bu (AUD$635).  Soybeans were helped higher by outside markets, mainly in the energy sector. Local US basis was also firmer. The Biden administration stated...

The lowest US wheat stocks in more than 13 years continues to be the major supporting factor to US futures at present. Wheat at Chicago and Minneapolis managed healthy gains overnight which should materialise as better new crop bids here on Monday / Tuesday. We need to keep one...

The USDA released their quarterly grain stocks report overnight which had an impact on US futures. Chicago corn and soybean futures were generally lower, soybeans much so. The weaker close in Chicago beans rolled through the entire oilseeds complex resulting in losses in both Paris rapeseed and Winnipeg canola...

Canadian cash durum values surprised a few punters overnight with a sharp C$46.49 increase in the December slot to an avg C$697.16/t ex farm SE Saskatchewan. This number remains relatively high when compared to a French number FOB Mediterranean port. In saying this I need to mention that durum...

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...