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....

The US wheat futures market started the morning heading the right direction but the lack of new bullish news chipped away at wheat throughout the session resulting in slight losses by the close. Around the world most futures markets were lower, the US, Australia, even nearby wheat at Paris...

US grain futures started softer and finished softer. Soft red wheat slipped 12c/bu on the nearby while HRW was back 7c/bu. Apparently the rally on Monday was basically technical short covering that got a little carried away. The punters used the planting delays in Kansas as a fundamental back...

Strength in US wheat futures comes as heavy snow across Kansas basically puts an end to the 2018 winter wheat sowing program. Some punters expect to see significant reductions in Kansas area due to the delay. It will be interesting to see what the crop progress report pegs Kansas...

US wheat futures drifted lower on the back of the recent USDA report. It appears Chicago SRW is destined to drift aimlessly either side of 500c/bu for a while longer yet. We’ve see futures trade US$10 either side of US$183/t for Dec 18 SRW since Ag-Quip. This spread has...

If in doubt tweak China’s numbers, no one has the ability to prove you right or wrong. That seems to be the lesson out of the WASDE report last night. The USDA increased Chinese wheat production from 128mt to 132.5mt. They also increased beginning stocks from 126.82mt to 131.26mt,...