Futures markets, price indicators or playgrounds, I often wonder. Look at our own ASX. Yesterday there was 29.3kt of Jan21 wheat traded and 29.6kt of March 21 wheat. The price trended lower throughout the day. Looking at the volume and sale times one could come to the conclusion that...

With this week being the Thanks Giving holiday week in the US, markets there are not overly active as most punters will make a short week of it by taking Friday off as well as the public holiday on Thursday. Technically we see corn futures at Chicago over bought...

There was a nice rally in ICE canola futures last night, up C$4.20 on the nearby contract. Cash values in SW Saskatchewan were not as keen to follow this rally dollar for dollar as they have done with past rallies, putting on C$1.58 for a December lift. It will...

Cash bids for wheat and durum out of SW Saskatchewan were flat to firmer overnight. Canola in this part of the world was the real winner though jumping C$6.42 per tonne for a December lift, a bid of C$539.05 / tonne ex farm January. Using the same basis scenario...

Rapeseed futures at Paris and ICE canola futures really took off last night. The nearby Paris contract closed E4.25 / tonne higher and ICE canola wasn’t far behind it. Cash bids across SW Saskatchewan for canola followed futures higher, closing the day bid at C$532.71 for a January 21...

Chicago soybean futures were firmer again overnight, helped higher by good demand for US beans from China.  With Chinese pig numbers up 27% year on year it is signalling a good recovery after ASF and demand for feed grain there continues to grow. Corn futures got a boost from...

US weekly wheat export volume out of the Pacific North West was 217kt with the Philippines picking up 78.9kt, China 52kt, Japan 57kt and Korea 29kt. Hard red spring wheat and soft white wheat made up the lion’s share of loadings with 28.5kt of HRW making up the balance....

US wheat futures closed the session higher after finding technical support during the day. Week on week the December soft red winter wheat contract at Chicago did slip 8.5c/bu (AUD$4.30). US export sales were unimpressive but within trade expectations so offered little more than confirmation the US is still...

A greatly over sold Chicago soybean market weighed on US grain futures last night. Soybeans saw the second softer close since November 3rd. Technically soybeans may come under short term pressure but fundamentally there remains good global support for US soybeans and the by-products. Selling in beans dragged both...

There was some profit taking in the wheat and corn pit after yesterday’s rally at Chicago. Soybeans managed to hold onto gains and add some more. The ICE canola market was closed in observation of Remembrance Day, so no canola data from there this morning but the Paris exchange...