The international markets continue to see mixed signals for wheat values. We have Russian milling wheat values into Egypt continuing to fall away and we have EU yields being cut further. Egypt picked up Black Sea wheat at an average price of about US$241 per tonne, about US$9.00 less...

US grain futures continue to see fund money being withdrawn for greener fields. The US share market responded positively to news the Trump administration had struck a trade deal with Mexico. The modified NAFTA agreement thus far continues to exclude Canada. According to Trump negotiations with Trudeau will commence...

US wheat futures continued to fall, the stronger AUD isn’t going to help the situation come Monday either. Looking at new crop canola at the ICE we see the move in futures is a +AUD$0.63 while the move in currency is worth -AUD$3.84. In the US the wheat harvest...

Soybean slipping further and a stronger US dollar all contributed to a poor performance in wheat futures at Chicago.  US weekly export sales were not very impressive either with just 240kt of wheat sales made. The punters had pencilled in orders for about 650kt so the 240kt number really...

Germany announced their drought aid packed to farmers yesterday on the back of news that Germany will not produce enough grain to be self sufficient this year. The package consisted of non-repayable cash grants to producers that qualified and could prove that the drought there had reduced crops by...

US and European wheat futures closed lower again overnight. The last two session has seen 32c/bu (AUD$16) peeled off December 2018 CBOT soft wheat futures. Technically this is pushing wheat into a very oversold position. The punters are holding more short than long contracts. Harvest in the northern hemisphere...

The US punters took the rumour based rally of Friday night as a good opportunity to sell, maybe it was simply a matter of someone talking their book in order to profit, how unlike the grain industry. Chicago and Paris wheat futures both found some downside on the back...

US wheat futures surged higher in overnight trade as rumours that Russia is going to limit annual wheat exports to 30mt circulated. This represents a 5mt reduction on the current 18/19 export projection of 35mt which Russian officials are still suggesting will stay intact. Russia finds itself in a...

Good US weekly export sales of wheat helped their futures markets to recover overnight. With weekly wheat sales pencilled in at 803kt it was 300kt above the highest trade estimate. Corn futures were also helped with export sales of US corn achieving 1.2mt. Soybeans saw a mixed bag of...

Even the major market wires seem to be struggling to keep a grasp on the current world markets. One headline today attributed the weaker US grain futures markets to the stronger US dollar and then a sentence later went on to mention that the US dollar was weaker along...