As expected the punters used Russia to once again position themselves prior to selling wheat lower. This is starting to become an all too common occurrence which could create a problem once or if there is a development in Russia that is worthy of a reaction. The risk of...

US corn, wheat and soybean futures all closed higher in overnight trade. Corn and wheat futures were firmer on the back of weather delays to the US harvest while Chicago wheat found some support from rumours that some Russian ports may be closed for up to 90 days while...

In the US corn futures found support from good weekly US export inspections of 1.34mt which was a little better than the average trade guess. News that a new NAFTA agreement was to be prepared by November after all parties appear to agree in principal also helped corn push...

From the outside it looks like the US futures market is having another crack at buy soybeans / sell wheat. With beans at about a ten year low and US wheat still struggling to put on significant export sales it’s probably an easy bet for the fund managers. Funds...

International wheat cash markets were generally flat to firmer overnight. Black Sea offers were up US$1.00 to US$5.00 while offers out of the west coast of Australia were flat at US$280. The futures markets were lower for corn and wheat but higher for soybeans and canola. Soybean futures in...

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...