US wheat futures were close to unchanged by settlement after an early rally triggered profit taking and continued squaring up prior to Friday’s USDA report. The main fundamental driver for US futures is the ongoing dry weather around much of the world at present and the prospects that the...

US wheat futures were back a little overnight. The AUD was also a little firmer. The combination may take the steam out of the local market a little but when you look around the globe actual cash offers are generally higher from most major exporters. In the US the...

Ukraine came out with clarification of the memorandum that caused some market tension last week. Ukraine annually review the amount of wheat that is allowed to be exported. For the year ahead the volume has been reduced 2mt to 8mt. US wheat futures moved higher on all three grades....

US soft and hard wheat futures gave back a few cents overnight but spring wheat found some support from less than expected Canadian yields. The punters at Paris thought milling wheat was a little overcooked as well and pulled a few dollars out by the close. The consensus at...

Wheat futures around the globe continue to push higher. In the USA soft, hard and spring wheat futures moved higher overnight. In Europe Paris milling wheat futures jumped €5.25 to €212.75 / tonne (AUD$335). Production issues across Europe and the Black Sea states is the key at present. Rumours...

Soybean futures at Chicago ceased the night closing 28.3/4 c/bu (AUD$14.20) higher on the nearby contract. A number of things influenced the jump in soybeans, slow US farmer selling, some talk of lower than expected yields in the US and even talk that China may be getting ready for...

Funds continued to buy up wheat futures in overnight trade. Chicago SRW futures for December were firmer by roughly AUD$8.00 per tonne. Hard red wheat futures were not far behind while spring wheat futures were firmer but not as firm as the soft and hard wheat contracts. Looking at...

Market still very, very thin as grain stocks are either depleted or being held for the long term now. Bids on a delivered basis were basically unchanged from Friday. Some talk of wheat / barley be railed in from WA to Parkes. The price is pretty big on the...

The US soybean market rallied half a cent per bushel last night. Not exactly a $12Bn shot in the arm. Even the announcement the EU made suggesting they will import much more US soybeans wasn’t enough to push a trader into the buying side. Wheat futures at Chicago and...

US SRW and HR wheat futures touched limit up in overnight trade. The driver was a combination of a poorer outlook in Europe but primarily some less than expected yield estimates from the current US spring wheat crop tour. If you believe the US wires. Last year the producer...