Technical trade and speculation that the US and China can come to some kind of resolutions at the G20 appear to be the main driving force behind last night’s rally in US futures. As we know anything without a fundamental back ground is on shaky ground these days. Wet...

Further selling in the Chicago wheat pit has wheat continuing to push into the oversold side of the equation. Once December is out of the way we should see March find, if nothing more, technical support into the new year. Generally speaking the markets appear to be hanging on...

Bam, and just like that my sell wheat / buy soybean theory is squashed. Overnight saw advances in both wheat and soybean futures in the US. Volume in the December contract for wheat is still fairly high considering first notice day is Friday. Soybeans nearby is January so nothing...

I’m getting a little sceptical of the US futures market, yeah yeah, I know stop rolling your eyes. It’s not like it’s a revelation or anything it’s just that sometimes it becomes a little obvious. I guess they hand out the odd hard to swallow pill in the physical...

Wheat futures in the US managed to keep clear of the negativity in the soybeans pit at Chicago. Soybean futures dropped 18.75c/bu (AUD$9.50/t) on the nearby contract. As usual this weakness rippled across oilseeds in general resulting in lower closes for both ICE canola and Paris rapeseed futures. The...

The US futures market, for wheat at least, is starting to find fundamental support as the States combined with Russia and Romania to fill the latest Egyptian tender. This is starting to let a few more analyst come to the conclusion that the USA may indeed fill the void...

US markets traded sideways to a slightly firmer in overnight trade but not enough to counter the previous sessions loses. The sowing pace of US winter wheat crop, although a little behind the five year average, at 93% it is all but done. The crop rating for winter wheat...

US wheat and corn values found selling pressure from weakness in the soybeans pit. Nearby beans crashed 18c/bu (AUD$9.00) lower at Chicago. Both HRW and SRW at Chicago saw losses of 8c/bu (AUD$4.00) while the spring wheat contract at Minneapolis was relatively flat. The sharp decline in US soybeans...

A few weeks ago the punters were talking the AUD down to 68c, this morning all the head lines are “buy the AUD” or “AUD to outperform Euro” or other such speculation. I’m still not convinced these guys simply do nothing more than talk their book. Goldman Sachs are...

US futures are generally sideways, the prospect of more rain and snow over the next couple of weeks will ensure what has been sown is in ideal condition now. The thing that will have the biggest impact on US futures going forward will be export activity, or lack of....