US wheat futures slipped a little lower last night on the back of technical trade and profit taking. Looking forward for direction the trade saw a healthy week on week increase in the US sowing pace for the 2019 winter wheat crop. Rising from 13% sown last week to...

Fairly quiet again today with the trade taking an interest in the amount of rainfall across the Liverpool Plains and Darling Downs. Gunnedah 13mm, Carroll 20mm, Mullaley 12mm, Boggabri 1mm, Bundella 0mm, Red Bobs 13mm, Narrabri 0mm, Bellata 1mm, Ashley 1mm, Dalby 10mm, Jimbour 32mm, Macalister 12mm, Brookstead 15mm....

US wheat futures were lower on a night featuring further technical trade as US exports continue to lag. IKAR reduced the Russian wheat crop estimate from 69.6mt to 69.2mt, this is in stark contrast to what the USDA done only a week or so back when they surprised the...

The bottom feeders continue to support US soybean futures after setting a ten year low early in the week. They call this technical trade. When the market began to rally off the low it managed to trigger a number of stop loss orders, buy orders, thus pushing the market...

In US grain futures corn found a leg up from the wheat and soybean pits. Soybeans bounced of a ten year low on the back of possible harvest delays in the USA due to wet weather. Wheat found strength from the frost event in WA last week and patches...

In the US corn and soybean futures set contract lows as production numbers in the states continue to grow. Wheat futures found a little upside on the back of tightening world stocks. With most of the US wheat crop now in the bin attention is being turned to the...

It’s hard to wake the US futures market at the moment. The frost reports from Western Australia tried early in the session but obviously the funds are not in a position to buy wheat so there was little ongoing interest in running the market up. Temperatures across the SW...

US wheat futures closed higher with good gains in the December contracts. Soft wheat, hard wheat and spring wheat futures all had gains of over 10c /bu by the close. December soft wheat had a week on week change of 1/4c/bu. After a good rally on Monday the USDA...

The pressure remained on US corn futures with a new contract low for December being set at US$3.84 3/4 per bushel, that’s about AUD$210 /t to you and me. There is continued talk of a big US corn crop getting bigger but we really don’t know until we see...

The WASDE report was considered underwhelming by the majority of the trade. The lack of expected adjustments rippled through the market as negativity and resulted in sharp falls in both wheat and corn futures. Soybeans saw a little upside from both spread trade to the more bearish corn and...