With the USDA report out on Monday morning US time it was basically the last chance for the punters to get their ducks in line. Most grains had a pretty ho hum session but soybeans did manage to find a little upside putting on 8.75c/bu, just under AUD$5 /...

According to the guru’s the ENSO is now neutral and is expected to stay that way through the next 6 months. Condition in Argentina have begun to dry with parts of Buenos Aires becoming dry enough to get a mention in the international wires. Argentina had expected to harvest...

In the US futures market it appears to be all about positioning ahead of next Tuesday’s USDA World Ag Supply & Demand Estimates report. The punters seem to be falling into line predicting reductions in both corn and soybeans. Technically Chicago corn for the December slot is approaching neutral,...

A better weather outlook in the USA and trade concerns with China were considered the catalyst for those looking to sell futures to do so. Wheat got caught up in the technical selling and also finished lower. News that Egypt picked up 415kt of Black Sea wheat probably didn’t...

US ag futures started the session bearish thanks to the China / US trade saga.  Soybeans will be the biggest loser in the China deal, futures for the oilseed were flat with outer month contracts closing a smidge lower. Corn and wheat futures at Chicago managed to edge higher...

The bargain hunters came out from under their rocks to buy cheap US grain futures overnight. Wheat, corn and soybean futures at Chicago pushed higher against flat to weaker fundamentals. The China deal with the US continues to be a major concern and the weather in the US is...

The US session was never going anywhere thanks to poor export data and a pretty benign weather map and then they had to contend with the “Trump effect”. Talk that the US plan to impose an additional 10% of tariffs on China smashed the last bullish bet out of...

Trump continues to play the victim in trade negotiations with China. US producer support for the trade dispute is falling rapidly in many locations that rely on soybeans. Domestic support programs are viewed as short term and become nothing more than subsidies in the long term further distorting global...

In the US local cash markets generally did not follow futures higher with weaker basis registered for corn and soybeans. Wheat futures found support from thoughts that production in both the EU and Russia may still be a little over stated. This moved against the latest IKAR prediction for...

US markets were struggling to find further bullish news leading into the weekend thus took the path of least resistance and sold off with wheat and corn closing marginally lower by the end of the session. The weaker AUD should counter any losses seen in the US markets. The...