1CWAD13 durum bids across SW Saskatchewan were up a few dollars for the Jan 2021 slot overnight and basically equate to a port value at Newcastle of around AUD$400 as a guide. Crop quality reports out of the states have the North Dakota durum crop pegged at 84% Good...

Futures in the US reflected a combination of the weaker US dollar and some weather premiums for wheat and better demand for soybeans. US weekly export sales for corn were towards the higher end of the trade estimate and well above the previous week at 764kt. Corn shipments were...

Helping US wheat futures rebound were reports of higher Russian wheat offers out of the Black Sea and confirmation that Russian wheat stocks are at the lowest level since 2013-14. Weekly Russian wheat exports have been falling away over the last 28 days, with last week the slowest week...

Egypt picked up 120kt of wheat, the lowest being of Ukraine origin at US$210 FOB. Freight to Egypt is pencilled in at US$10.40 per tonne making it a delivered port price of roughly US$220.40. In order to compete into that market US wheat would need to be offered at...

China picked up a couple of cargos of US soybeans overnight, this saw a round of buy beans / sell wheat at Chicago. The USDA weekly crop progress report was out after the close. Corn planting is at 93% and emergence at 78%. The corn crop condition rating improved...

Another session of sell soybeans and buy wheat at Chicago. Soybean futures found no love as USA and Chinese relations continue to sour. Corn futures were also weaker by the close. Wheat futures for SRW, HRW and HRSW were all higher by the close. Dry weather across Saskatchewan, the...

With the closure of the Chinese market for Australian barley exporters will need to look at other markets like the EU, Asia and the Middle East / N.Africa. The flip side for other exporters is a simple question of whether or not China will look to continue to import...

The Chicago grain futures market was very yawn worthy last night with settlements either side of unchanged for most grains. With little fresh news to trade off the punters pawed over the latest USDA weekly crop progress report and came to the conclusion that rain delays in corn planting...

US wheat futures were either side of unchanged overnight, corn futures were flat to firmer while soybeans found a pulse and closed with double digit gains in the July > January contracts at Chicago. Soybeans were a buy early in the session but also found support from a sale...

With the US markets closed it feels like the coffee shop is closed. No longer able to get the stimulus to kick start the day the market simply grinds to a halt or follows the path of least resistance, lower. In the case of ICE canola and Paris rapeseed...