With the US taking the day off we need to have a look around the world to garner some direction for today, at least until the overnight session in the states cranks up. Rumour has it that Syria picked up 135kt of Russian wheat at the equivalent price of...

With the US taking the day off we need to have a look around the world to garner some direction for today, at least until the overnight session in the states cranks up. Rumour has it that Syria picked up 135kt of Russian wheat at the equivalent price of...

Wheat and corn futures in the US were mostly sideways overnight while soybeans managed gains of 9c/bu (AUD$4.60) on the nearby contracts. It was more of the same news, China trade talks, dry in Brazil but with a long weekend thrown into the mix, with the US taking Monday...

In the US futures market technical buying was supported by ongoing poor weather across parts of S.America. The extremes across S.America at present are interesting. Drought continues across parts of the Brazilian soybean regions while further south in Argentina some parts of the country have seen in excess of...

The punters continue to suggest Russian wheat export restrictions are immanent while the Russians continue to announce everything is OK and there will be no restrictions. I guess it depends on your book than doesn’t it, long you take the punters side, short you take the Russian side of...

More technical trade and continued pessimism in regards to a China / US trade deal being struck dominated the main session at Chicago. Corn and soybeans were the products hit hardest dragging wheat lower by the close. For soybeans talk that yields in Brazil were although lower than average,...

One of the few reports making its way out of the USDA at present is the USA weekly export inspections report. This is grain that has been loaded for export. Wheat surprised the punters with around 545,804 tonnes listed as being loaded for the week ending Jan 10th. The...

Futures in the USA clawed back much of the previous sessions losses overnight. The key to wheat at least may at last lay with the Russians (like we didn’t know that). Markets reacted to rumours that Russian officials had asked exporters to slow the export pace during the second...

Russia picked up the Egyptian tender earlier this week with 415kt of milling wheat being booked at an average price of US$264.91 CFR for Feb / March. Some punters were expecting to see US or even EU wheat get a look in on this tender but Russia continues to...

US wheat futures were helped higher by large weekly international tenders. The general sentiment was the need to see a USDA report to gain further direction but in the absence of the monthly reports the market looked at increasing global demand as a reason to push prices slightly higher....