The bottom pickers trolled the US wheat pit last night resulting in some much needed upside by the close in HRW. Technically SRWW at Chicago is oversold and has been for most of March. It’s just been one thing after another pushing punters to short wheat but fundamentally wheat...

US grain futures, except spring wheat, were sharply lower overnight. Soybeans lead the row crops lower shedding 27c/bu (AUD$16.20) on the nearby contract. New crop corn faired a little better, increasing soybeans supplies from S.America continue to hurt US prospects. The bulk of the weakness continues to be spill...

The AUD was slaughtered again overnight selling off late in the session and dipping as low as 61.29 before fumbling along in the dark and closing at 61.47. There have been official rate cuts in Europe, the US and Britain to help the economic situation. The EU are starting...

US grain futures had no choice but to follow the outside markets lower. There were losses in corn, soybeans and soft wheat contracts at Chicago. HRW futures and spring wheat hung on a little better but still finished in the red. Weather across the USA and much of Europe...

US grain futures pushed lower with nearby spring wheat at Minneapolis slipping below 500c/bu for the first time since late November. In 2019 MGEX nearby wheat spent a few weeks under 500c dropping to a low of 466c/bu on the 3rd of September. Looking back at 2019, 2018, 2107...

A quick look at the USDA WASDE report that came out last night. Projected world wheat ending stocks were reduced a tad from 288.03mt to 287.14mt. They reduced Aussie production from 15.6 to 15.2mt and also reduced exports from Australia by 200kt, thus ending stocks slipped to 4.01mt, still...

We have a USDA report due out tonight but one can’t help but think it may be overlooked somewhat considering the commotion in outside financial and energy markets. US weekly wheat export inspections were back week on week but cumulative sales are still keeping ahead of the required pace...

Corn futures at Chicago were hit hard last night but still managed to close the week a few cents higher than where they started. Wheat futures were soft to flat with SRWW at the Chicago losing the most of the three main US grades. Soybeans followed corn lower as...

US weekly wheat export sales came in within the higher side of the trade expectations. At 542kt the number found a little support at Chicago with SRWW futures flattening out but little could be done to stem the losses in the HRWW contract. This all appears a little ironic...

US futures found support in the row crops while wheat was generally a little lower after recent gains triggered some profit taking. Corn in the US has been considered cheap for a while now and recent gains in corn and losses in wheat are starting to narrow the spread....