The USDA World Ag Supply & Demand report was out last night. The winner was soybeans, corn down nothing and US wheat futures, well they were hammered. With the pace of US exports being abysmal at best this was generally expected but let’s have a quick look at the...

The US market is basically in a holding pattern now. With the USDA WASDE report out tomorrow tonight, USDA grain stocks and winter wheat seeding report due out tomorrow tonight, the CONAB report for S.America due out tonight and a public holiday in the US on Monday no one...

Technical trade is dominating the USA grain futures markets prior to this Fridays WASDE report. Squaring up in both the corn and wheat pits saw a little upside overnight while soybeans pushed lower. The canola market held on at Winnipeg and Paris with ICE futures flat and Paris up...

The US dollar was a little firmer overnight resulting in some downside in US futures. Basically the US markets are simply in a holding pattern waiting for Fridays USDA report. Being January there is not expected to be any big surprises in the report but keep an eye on...

US futures found little to trade on with weekly export data not due out until tomorrow, no one is expecting to see any records broken but at least it gives them something to punt with. US ethanol stocks climbed although there was a week on week reduction in production....

In the USA wheat futures dragged both corn and soybeans higher. The moves higher are not huge but did happen against a strengthening US dollar which is more than they have been able to do in recent sessions. Volume in the wheat pit was a result of some shorts...

Chicago wheat opened higher and closer not far off the session high. The stochastic still indicates that March SRW futures are overbought at Chicago don’t be surprised if we see the trade sell this rally. A technical reason for support could potentially be the Goldman Sachs roll during January....

NCDEX chickpea futures now indicate that March is trading at roughly a AUD$7.00 / tonne discount to April. This would indicate that nearby supply is no longer an issue and that it may become a bit of a struggle to move old crop chickpeas to market in India. It...

US wheat futures were flat to higher with soft red wheat at Chicago leading the way, up only 4c/bu it’s nothing to write home about but it does mean a week on week rise of about AUD$3.23 / tonne slightly better than the $1.00 rise we have seen locally....

US futures were uneventful with wheat and corn sideways and soybeans a little lower. ICE canola shrugged off the downside pressure from both the soybean pit at Chicago and the Paris rapeseed contract to close a little higher. There is talk of technical support in Chicago corn as  the...