There’s not a lot of green in international grain futures this morning. US wheat futures saw all three grades with double digit losses in USc/bu. Nearby soft red winter wheat at Chicago fell the spot rate equivalent of AUD$5.85 / tonne overnight, the slightly firmer AUD compounding the loss,...

International grain futures consolidated last night, US wheat futures were generally flat to a smidge higher while corn and soybeans pushed lower. The move in soybeans weighed on Winnipeg canola, not that Winnipeg canola doesn’t have enough to worry about at the moment. The Jan26 slot for Winnipeg canola...

In global grain futures Chicago corn and soybeans closed a smidge higher. Nearby corn was the better of the mix, moves there rolling across to better cash values FOB for sorghum out of the Gulf too. Sorghum values C&F China, although a little higher, did not follow the move...

The overnight trend in international wheat values is generally lower. French values kicked that trend, closing a couple of dollars higher, but weakness in US futures did roll across to lower cash values out of the Pacific Northwest. Cash values for hard red winter wheat out of the PNW...

Global grain futures markets were a little more subdued last night. Chicago SRWW handed back a little of the previous sessions gains while both spring wheat and hard red winter wheat appeared to consolidate at current values. Both nearby soybeans and corn edged lower but there was a bounce...

The weaker US dollar stimulated some buying interest in US ag futures overnight. There was also fundamental support generated by wild weather across parts of the US plains and Midwest over the weekend. Although isolated the potential for damage to fields and infrastructure is being calculated and compounded with...

There’s not a lot of green on the international futures boards this morning. The soybean complex was in the green, as was palm oil which was up AUD$8.17 / tonne in the April slot and AUD$13.14 / tonne in the May slot. Not a bad effort considering we are...

There’s much more green on the screen this morning. Chicago HRWW and MGEX spring wheat futures made good gains, SRWW futures at Chicago lagged a little but managed to put on 8.5c/bu in the May slot, roughly AUD$4.97 / tonne. Throw a weaker AUD into the mix, and the...

There’s not a lot of green on the screen this morning, the odd grain out is US hard red winter wheat futures at Chicago. In general wheat futures in the US didn’t fair too badly. Soft red winter wheat and spring wheat were both lower but 2c/bu to 3c/bu...

The USDA World Ag Supply and Demand Estimates report (WASDE) was out last night, hanging a wet blanket over the wheat market. Looking at the data the thing that sticks out the most is the increase in both opening stocks and closing stocks. The net result a month of...