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...

The Aussie dollar was firmer against all the major currencies last night. In fact the rally in the dollar negated the move higher in US wheat futures and then some, potentially resulting in swap prices slipping a couple of dollars a tonne locally today. The surge in iron ore...

US wheat futures initially found support before slipping away late in the session. It was rumoured US wheat was the cheapest on offer in last night’s Egyptian business. France was reported to have claimed the business though with a total of 360kt sold at an average price of US$262.77....

US wheat futures continue to come under pressure from lagging exports. The punters were of the assumption that a slowing in Russian exports would occur from January into their new crop and the USA would “pick up the slack”. This might be occurring a little into the Asian markets...