There wasn’t a lot of good news for corn out of the USA last night. The market had been waiting for the prospective acres report which was released early in the day. The punters were expecting to see increases in US corn area but none expected an increase as...

With export restrictions out of the Black Sea creating talk of global trade tightening those with wheat for sale may well come out of the next couple of months with lower stocks than expected. You might come to the conclusion that the US futures market hasn’t really cottoned on...

In the USA wheat futures were generally flat to firmer, corn was a touch lower and soybeans were flat to firmer nearby while new crop values slipped on the prospect that farmers will walk away from cheap corn and cotton and possibly plant more soybeans. Corn continues to stumble...

The funds basically open the office door yesterday and said OK, it’s Thursday, let’s take the money and run regardless of the fundamentals. Technically this was foreseeable in wheat futures at Chicago but after the previous day closing higher it wasn’t a given. Wheat, as it had been the...

Wheat was back in favour at Chicago last night with the nearby contract pushing higher by AUD$11.40. The slightly higher AUD may take a bit of the cream away but the move but it still reflects a jump of around $8.48 when taking currency into account. The move is...

US grain futures were generally either side of unchanged in overnight trade. The weaker US dollar would have in theory though increased domestic values in the USA you might think but generally basis was weaker across the board. Corn saw considerable weakness in basis as demand continues to fall...

At Chicago soybeans and  wheat were the golden child while corn got pushed back under the stairs with a can of cold beans for dinner. The panic buying is rolling through to wheat demand according to the punters. Stock piling of essentials like bread, pasta, flour and other wheat...

US wheat futures at Chicago followed soybean futures higher. Soybeans were the standout in last night’s session climbing 19.25c/bu (AUD$12.20/t) on the nearby contract and 12.25c/bu in the new crop.  Wheat was a little more sedate climbing about AUD$2.69 / tonne but is being out done by the increase...

The bottom pickers were out in force last night. Grains in US futures rallied nicely but the stand out must have been crude oil which put on 24% placing it back above US$25.00 / barrel…lol. Useless info time, a barrel of oil will make about 68 litres of petrol....

57.93 US cents per dollar, that’s what the screen said when I opened it this morning. The session low came in at 57.25. The Aussie dollar crashed against all the majors bar the Sterling. It accounts for a AUD$8.69 worth of movement in canola and about AUD$9.66 worth of...