Two things weighed on grain prices last night. The ceasefire between Iran and Israel, and news that Brazil is likely to harvest a record summer crop corn harvest this year. Corn, due to its usage in US biofuel, is linked to the value of oil to a degree. Anything...

International wheat cash and futures values all trended lower yesterday. Risk off ?, who knows. The US weekly crop condition report wasn’t exactly bearish wheat that’s for sure. Falling quality ratings in both US spring and winter wheat, delays to harvest, all pointed to a stronger open but it...

Trump in true Trump form has stated that US ground support is not likely to occur in Iran, but also states that as long as Israel is winning there’s little chance they’ll stop or he will ask them to stop. Apparently Iran wants to talk but will not unless...

The US markets were closed overnight. This leaves Paris milling wheat and London feed wheat futures as the next best futures markets to look at. Paris milling wheat saw a €1.00 gain nearby while the Dec slot closed €0.75 / tonne higher. London feed wheat futures were unchanged in...

US wheat futures saw some sharp moves higher overnight. The move in the futures market spilled over to higher values for both Canadian and US wheat out of the Pacific Northwest too. Futures saw spillover support from the previous session, which had reacted to lower than expected quality ratings...

The AUD is back 0.64% against the green back this morning, but up a little from late yesterday afternoon after setting a 12 hour low of 64.64USc. It’s a nice move lower, and the fact it is combining with a slight recovery in both international cash and futures makes...

The June WASDE was out last night, something for the market to ignore when it comes to wheat. The data is more bullish wheat than bearish. Opening stocks are lower by 1.23mt, global production was increased a smidge, a few tweaks to demand, a 1.34mt increase in world exports,...

The US futures market saw mostly technical trade ahead of tonight’s monthly USDA World Ag Supply and Demand Estimates report and their weekly export shipments and sales report. The consensus leading into the WASDE report is for larger world and US wheat production, with increases in both hard red...

International futures appear to be ignoring the current fundamentals, selling wheat futures lower at Chicago, Minneapolis and Paris. The sell down may have squared up the December SRWW contract. The Dec stochastic now neutral. This could be an indicator that the market is in a position to react either...

US wheat futures slipped away on Monday night, eroding more than half of last weeks gains in just one session. Lower corn and soybean futures wont help. We also have a stronger AUD against the US dollar compounding the move when converting it all to AUD / tonne this...