Generally international grain futures in the US and Europe were flat, +/- a little depending on the grain. The market moved in a non-convincing manner in either direction for most grains. US corn was about the only grain that showed a pulse to measure closing up AUD$2.16 per tonne....

Cash bids in SW Saskatchewan were steady with spring wheat bids following futures markets higher. Durum was flat while canola bids ex farm SW Saskatchewan were also flat to slightly softer. Mid-grade spring wheat was firm, gaining C$8.85/t for an April lift. New crop durum out of the Prairies...

A nothing night in US grain futures. Further technical selling in wheat, corn and soybeans resulting in a flat to softer close. Technically the US wheat futures markets continues to look more like a buy than a sell. March 21 will roll off the board tonight and volume will...

Chicago wheat failed to follow corn or soybeans higher overnight, instead closing not far off the sessions low. The stochastic for May21 SRWW at Chicago continues to indicate a very oversold market. This kind of chart often signals some buying and a price recovery is just around the corner....

Wheat futures at Chicago appeared to get caught up in the sell-off in the soybean and corn pits. Technically wheat is ready to stage a rally with SRWW futures in the May21 slot very over-sold. The HRWW contract looks the same. With both nearby products over sold and the...

The WASDE is out, just quickly looking at wheat, we see the world 20-21 production estimate increased from 773.44mt to 776.78mt. An increase in usage takes care of the increase in production, resulting in a net carry out of 301.19mt, down from 304.22mt. Still a healthy amount but a...

Most of the fundamental news out last night was more bullish than bearish wheat, yet we see the punters concentrating of the improvement in the US dollar as the major influencing factor thus wheat was softer across all three US grades. Chicago soybeans flirted with 7 year highs before...

Technically speaking, and possibly fundamentally speaking, next week should be fairly interesting. We have the latest WASDE due out on the 9th, so Wednesday morning here. The punters are already talking the estimates (their book) up or down. It should reflect any of the current dry conditions and any...

Algeria confirmed the purchase by tender of 219kt of durum wheat overnight. Algeria run a closed book so many of the details are speculation but it is thought that prices were significantly higher than previous purchases. Prices were rumoured to have been around US$372 C&F. That number roughly converts...

Another volatile night on the US futures market, this time the markets finished lower. It seems 10c/bu variations are the new “flat market”. I was talking to a trader in Melbourne yesterday, trying to get a decent APH bid as they had dropped their price $4 form the previous...