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....

Wheat futures traded a narrow range to closed mostly flat to lower for the session. There was some technical trade but let’s just call in buy the rumour sell the fact for now. The technical guys are punting around the USDA WASDE report. I think a more exciting punt...

As expected weekly US wheat export inspections were poor. It did have a negative impact on wheat values but it wasn’t as big a deal as those looking to sell were making it out to be. At just 260kt it is indeed well below the weekly volume required to...

Technical buying continues to assist US wheat futures higher. The punters are trying to underpin this rally with thoughts of increasing US exports as Black Sea volume declines over the next couple of months. Without the USDA reports coming out of the States to back up this assumption the...

Confirmation that US soybean sales set a marketing year high last week of 2.83mt. Additional soybean sales were also reported overnight, with volume of around 560kt. What would you expect US soybean futures to do, well fall of course. The punters decided to sell on the back of a...

It’s beginning to look a lot like Christmas. It’s all about positioning ahead of the break now. The trade continue to square up ahead of next week. Unimpressed with regular Chinese purchases of soybean, futures at Chicago pushed lower. Fundamentally one might expect such news and then the subsequent...

More talk of China buying US soybeans overnight. The official number is 300kt but some say as much as 840kt were booked. With news of this magnitude one might expect to see the market rally significantly but alas Chicago futures smashed out a massive gain of just 2.75c/bu (AUD$1.40)...