US markets basically took a breather overnight, adjusting positions and squaring after the previous sessions rally. There’s not a lot driving international markets at present, it is the middle of winter after all. Production data for old crops is pretty much a known unless we see the USDA continue...

US soybean futures were the big mover overnight. Caught up in technical trade but also spurred on by a reduction in the Brazilian crop soybean futures closed AUD$6.50 / tonne higher on the nearby contract. Historical adjustments in last Friday night’s USDA data dump also saw S.American carryover reduced...

In the US grain futures were mixed, wheat closed the session flat to firmer while corn slipped a little and soybeans were softer to the tune of about AUD$5.00 / tonne. The weakness in soybeans spilled across into ICE canola futures and Paris rapeseed both closing lower on the...

The USDA data was uninspiring to many. Some interesting points included the lowest sown US winter wheat area in 110 years, now we just need them to produce 110 year old yields off that area to help reduce ending stocks. The USDA pegged sown winter wheat area in the...

US corn, wheat and soybean futures all closed lower overnight. The reason for the sharp move lower was said to have been renewed concerns over the US / China trade deal. With China picking up almost 4mt of soybeans in the last week I’m somewhat sceptical that this market...

It’s all about the AUD this morning, it slipped by close to on average 1.5% against all the majors. The RBA has signalled a possible interest rate cut as the global economy slows. Now we just need the banks to pass any adjustments lower on to the retail consumers....

It is becoming apparent while the punters stood back and talked up the US to be the country to fill the void left by 2018 wheat production shortfalls in the EU, Russia and Australia it has indeed been their northern neighbour Canada taking advantage of the new opportunities. In...

Lunar New Year is expected to keep the Asian side of the global grain market quiet this week. Much of the hype over the last week or two has been on the back of US / China trade negotiations. The fund money seems to be more interested in picking...

Initial strength in the US futures market came from talk that China would increase purchases. The optimism surrounding these rumours quickly waned and soybeans lost the majority of the morning gains prior to the close. Both ICE canola futures and Paris rapeseed futures closed the session with modest gains....

USDA reports are starting to seep out into the real world. Weekly US wheat sales for the week ending December 20th were made public overnight, yes that’s right, Dec 20th, it’s been that long. The total was good at 526.3kt but there are a few weeks to cover before...