Over the break there were some good international purchases, mainly from Black Sea suppliers, but demand is demand and it all goes towards reducing world carry in stocks before the northern hemisphere gets into the new crop in July / August. Egypt picked up 1.27mt of mostly Russian wheat...

A mixed night on the world futures markets for grain and oilseeds. Wheat trended lower with losses at both Chicago and Paris. Milling wheat futures at Paris saw €3.75 / t (AUD$6.23) shaved off the nearby contract and €3.00 (AUD$4.98) off the May slot. London feed wheat was back...

At least there’s some green on the screen this morning. London feed wheat futures were up £3.20/t out to the May slot, Paris milling wheat saw good gains in the March slot +€4.00/t, the May slot not far behind at +€3.50 / tonne. Both Chicago and Paris corn was...

US wheat, corn and soybean futures all closed lower. London feed wheat was firmer, gaining £1.30/t, Paris milling wheat was mixed, nearby contracts a smidge higher while outer month contracts were a smidge lower. Paris corn followed the lead from Chicago, closing down €1.25 on the nearby while Paris...

International Commentary There’s not a lot of green on the screen this morning. US, Paris and London wheat futures all closing lower. The AUD remains under 65c US, which is helping but lower futures may weigh on local bids today. As mentioned yesterday local basis was hit hard as...

International Commentary World wheat futures were generally a little firmer to flat overnight. London feed wheat gained £1.05/t in the March slot, Paris milling wheat was up €1.75 in the March slot and Chicago HRWW saw gains of just 3c/bu in the March slot. Paris rapeseed futures closed lower,...

International Commentary It was a USDA World Ag Supply and Demand Estimates reports night last night. A quick look at the USDA number for wheat shows a decline in world production of 1.78mt from the November estimate, now estimated at 792.95mt. A 1.16mt increase in carry in and a...

International Commentary The AUD is back at 64.44 US cents this morning after testing a low of 63.85 early in the session before recovering and then slipping a little towards the close. The RBA have their Dec meeting finishing today, they will release the monetary policy decision statement at...

International Commentary The US had a day off last night leaving the rest of the world to play without supervision. Russia didn’t pick on anyone else, Ukraine continued to play with the big kids toys. The skirmish over who runs the sandpit continued, those that own the sandpit not...

International Commentary Nearby Kansas wheat futures were hit pretty hard last night, shedding 24.25c/bu (AUD$13.71/t) in the Dec slot. The December contract will move to first notice next week as it nears expiry. The move is probably more of a quick position adjustment prior to the end of November...