US wheat futures were slightly lower in overnight trade. Cash bids out of the Pacific Northwest of the US followed the futures market with bids for HRWW slightly lower, bid at US$262 FOB. Indicating that Australian APW is still attracting about a AUD$15 premium over HRWW. Looking at the...

US futures bounced back from the profit driven session on Thursday. Soybeans at Chicago lead the way and as usual assisted the ICE canola contract higher. The July slot rallied C$24.60 to C$726.20 per tonne. Cash bids for canola across SW Saskatchewan followed the futures market higher with a...

It was all negative overnight, with US futures markets closing in the red. Chicago corn, soybeans and wheat were all lower by the close. The pressure, although still speculative, came from expectations of an increased area of US corn and soybeans in tonight USDA report. Wheat was basically just...

At Chicago corn and bean futures were generally lower on the back of speculation on the size of the crops in S.America and technical positioning ahead of the quarterly stocks and planting intentions report due out on Thursday here. Wheat came out of the session relatively unscathed, which was...

The punters are starting to take a stab at US corn and soybean acres for 2021. The numbers so far seem to represent an increase in area for both grains. If trendline yields are achieved it would also see close to, if not, record production of both corn and...

The Aussie dollar is sharply lower against the Asian currencies and back a little on the USD, Sterling and Euro. The AUD found pressure from a number of outside influences. The decision by NZ to remove tax incentives for real estate investment was a major influence, obviously more so...

Canadian and US cash grain values were mixed overnight. US soybeans basis was flat to firmer with cash bids out of the Gulf around US$540 per tonne FOB. Cash bids out of mid Arkansas for old crop #2 soybeans was around US$527, with a discount of US$72 for the...

An optimistic weather outlook in the US had wheat back on the chopping block while corn and soybeans found support from the bargain hunters after yesterday’s sharp drop in CME futures. With US energy markets closing in the green the spill over support for both corn and soybeans was...

US and EU grain futures were all lower in overnight trade. The US grains fell under the pressure of a collapsing soybean contract. Soybeans were weaker on the back of the better weather in Argentina and the falling energy market. A 7.5% reduction in crude oil futures due to...

US futures were again mixed but generally trading lower. Wheat and soybeans in the nearby and outer months were lower while corn found support nearby but struggled to carry that momentum into the outer months. The weather forecast in the US remains good and crop ratings are not atrocious....