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...

Grains were generally higher at futures markets in both the USA and Europe overnight. There were a couple of exceptions but they were in the far outer month 2023 contracts or the nearby March contract which now has the death rattle and it appears some punters may be caught....

The hangover from the cold snap in the US came out in the reports today, with weekly export inspections for wheat falling significantly. US wheat export inspections for the week ending the 25th came in at 272,820 tonnes. The Pacific Northwest made up the lions share with 81k of...

US wheat futures were lower overnight as the punters accessed poor US weekly sales and the impact the improving US dollar may have on future sales. The bright side is the sharp fall in the AUD overnight will counter the downside potential here. Russia updating last year’s wheat production...

The International Grains Council (EU’s USDA) came out with their monthly stab in the dark for grain production. Wheat production for 2020-21 was increased 5mt to 773mt thanks to bigger crops in Russia (85.3mt / 84.5mt), Kazakhstan (14.3mt / 12.4mt) and Australia (33.3mt . 31.2mt) a new record for...

I get a lot of emails and I read a lot of market analysis, some more reliable than others. For a while now the bears have been talking about the demise of the latest “commodities super cycle” (are we in one yet). Current prices are far from the highs...

First dry weather and then rain at harvest, the Brazilian soybean crop has had a testing year. Normally 30%+ of the Brazil bean crop is in the bin by mid-February but to date just half that percentage is said to have been harvested. This and reductions in global oilseed...

An indication of things to come, possibly. News that Saudi Arabia has purchased 355kt of milling wheat from Saudi Arabian farms owned by the Saudi Agricultural Livestock Investment Company (SALIC) in Australia, Canada and Ukraine for delivery during the second half of 2021 was interesting. In April 2020 SAGO,...

Tunisia picked up 100kt of milling wheat, 92kt of durum wheat and 125kt of feed barley overnight. Delivery for this tender is pencilled in for Mid-March to late April. The durum was said to be purchased at US$384.60 per tonne C&F. Looking at Canadian cash values for 1CWAD13 ex...