It’s WASDE week, expect nothing overwhelming until this report is out in the open on Wednesday. A few things are weighing heavy on US futures values. The two main ones are their dealings with China and the second probably more real world issue is their slow pace of exports...

Good weekly US export sales data for wheat surprised the market. At 712kt this was well above what most punters were expecting, 300kt – 600kt. Futures moved 3% while cash bids on the ground were not as keen to march higher. If the US is to take advantage of...

Grains were lower on technical trade and outside markets. There is also some doubt the Chinese will honour their comments at the G20 after Huawei’s CFO was arrested in Canada for breach of sanctions against Iran. Any further details on the arrest have been censored. The fact the arrest...

The Aussie dollar fell sharply against all the major currencies yesterday and overnight. The AUD was dragged down by unexpected & much lower growth……… seriously…….unexpected…… where do these guys live under a bloody rock. The banks don’t want to lend money to anyone who needs it, the cost of...

Wheat lost a little of it’s speculative volatility as Russian and Ukraine tensions appear to have eased a little. Support came from a lower EU wheat crop. According from Coceral the EU 28 block produced 128.6mt of wheat this year, this is about 1.3mt lower than the September estimate....

The US markets seemed pretty happy with the rhetoric coming out of the G20, the main driver being the pledge from China to open up their markets further thus reducing the trade deficit with the USA.  In response US tariffs on Chinese import will remain unchanged in the short...

Technical trade and speculation that the US and China can come to some kind of resolutions at the G20 appear to be the main driving force behind last night’s rally in US futures. As we know anything without a fundamental back ground is on shaky ground these days. Wet...

Further selling in the Chicago wheat pit has wheat continuing to push into the oversold side of the equation. Once December is out of the way we should see March find, if nothing more, technical support into the new year. Generally speaking the markets appear to be hanging on...

Bam, and just like that my sell wheat / buy soybean theory is squashed. Overnight saw advances in both wheat and soybean futures in the US. Volume in the December contract for wheat is still fairly high considering first notice day is Friday. Soybeans nearby is January so nothing...

I’m getting a little sceptical of the US futures market, yeah yeah, I know stop rolling your eyes. It’s not like it’s a revelation or anything it’s just that sometimes it becomes a little obvious. I guess they hand out the odd hard to swallow pill in the physical...