Technically wheat futures at Chicago continue to look very oversold, as they have for a week now, but it made little difference with another session closing lower. The only day with a higher close this week was Monday. In Aussie dollar terms Chicago soft red winter wheat futures for...

Soft red winter wheat futures at Chicago continued to fall lower defying technical signals indicating the market is already over sold. Closing at a fresh 267 day low of 483.5c/bu, a number not seen lower since late September last year. The lower close takes the weekly fall to just...

US futures are showing further downside on the winter wheat products. Winter wheat is in the middle of being harvested. Spring wheat futures contracts are finding a little strength from dry weather in the west. In N.Dakota around 93% of the spring wheat crop and 94% of the expected...

US soft wheat futures closed under 500c/bu last night. That’s the 3rd time since mid-May and only the 4th time this year. The last couple of times the move under 500 seems to have triggered some buying in the nearby contract which soon rallied. Technically nearby soft wheat at...

In the USA corn futures were flat to lower, soybeans found some support from talk of increased business to China and closed a few cents higher, wheat was generally flat to firmer at Chicago with both the soft and hard red winter wheat contracts closing in the black while...

Cotton picking near Gunnedah, early June 2020. Dolbel Consulting also offer drone video coverage of your 0perations. Packages include one offs, like harvest, planting, picking or irrigating or construction work. Seasonal summary coverage is also an option with a single video covering sowing right through to harvest. These videos...

The USDA World Ag Supply & Demand report was out last night, it wasn’t pretty for wheat. Most other grains got away relatively unscathed but a sharp increase in world wheat production and carry-over stocks saw US wheat futures retreat. So world wheat production was estimated at 773.43mt (Last...

Egypt picked up 120kt of Russian wheat overnight for shipment in mid-July. This takes Egypt’s international purchases during their own harvest period up to 600kt, leaving another 200kt to buy to meet the 800kt target outlined earlier in the year. The lowest priced vessel came in at US$226.90 FOB...

Hot dry weather is seeing rapid progress in the USA HRW harvest. Headers are active across most of Oklahoma now and not far off from moving into Kansas. The weekly USDA crop progress report showed 19% of the Oklahoma crop is already in the bin. Yield and quality reports...

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...