Prices 4/7/18

Category:
In the US corn and wheat futures appeared to trade around the fundamentals of other countries like Australia, Russia and Europe which helped Chicago futures stage a slight recovery. Soybean are still focused on the US / China issue and with good weather in the US pushing production estimates...
Read More: Prices 4/7/18

Prices: 3/7/18

Category:
US wheat futures gave back all of Fridays gains overnight. A short week, good growing conditions in the US and an overall lack of desire on the part of the speculator to wave his wallet around while the US and China decide who has the smallest…. hands… is stifling...
Read More: Prices: 3/7/18

Prices 2/7/18

Category:
According to the wires wheat in the US futures market found fundamental strength from weather problems in Australia, Russia, France and the Ukraine. Positioning ahead of the release of the USDA stocks and acreage report was also an active helper of a recovery in wheat futures. As the USDA...
Read More: Prices 2/7/18

Prices 29/6/18

Category:
If you need a lesson on convergence have a look at the nearby contract for ICE canola as it rolls off the board. The nearby number was smashed overnight but the fall doesn’t reflect the general market, or does it, that’s the problem with futures markets the buyers go...
Read More: Prices 29/6/18

prices 28/6/18

Category:
Bargain hunters were considered a major reason why there was a slight “recovery” in US ag futures overnight. A quick look at the charts for the December SRW contract at Chicago shows a weaker open giving way to a better close. The stochastic is oversold and starting a recovery....
Read More: prices 28/6/18

Prices 27/6/18

Category:
With futures continuing to fall early in the session corn was the only US grain futures contract to dig out a little bargain hunting by the close. Wheat and soybean futures at Chicago couldn’t recover and closed lower. Wheat has closed lower in 12 of the last 18 sessions...
Read More: Prices 27/6/18

Prices 26/6/18

Category:
The US grain futures markets were weaker in overnight trade, corn, soybeans and wheat all slipped. Soybeans continue to suffer from the ongoing trade problems between China and the USA and are dragging corn futures lower in the mean time. Good growing weather across much of the US corn...
Read More: Prices 26/6/18

Prices 25/6/18

Category:
There are a few market wires kicking around this morning suggesting Chinese wheat production could drop by as much as 20% this year. A combination of drought conditions across Shandong and Hubei and then rain at harvest across Henan and Anhui provinces has resulted in a sharp jump in...
Read More: Prices 25/6/18

Prices 8/6/18

Category:
US grain futures were mixed in overnight trade. Corn futures were flat to weaker. Soybeans were smashed, beans couldn’t take a trick, firstly better weather in the USA and then the Brazilian real slipping 2.4% in a day. The weaker real triggered stock liquidation in Brazil but on the...
Read More: Prices 8/6/18

Prices 7/6/18

Category:
The trucking strike in Brazil may well kick off again as news that the new minimum freight rates the government only just imposed will be reviewed. The rates were pushed through quickly in order to stop a trucking strike that was crippling fuel, food and grain supplies across Brazil....
Read More: Prices 7/6/18