USDA reports are starting to seep out into the real world. Weekly US wheat sales for the week ending December 20th were made public overnight, yes that’s right, Dec 20th, it’s been that long. The total was good at 526.3kt but there are a few weeks to cover before...

The Aussie dollar was firmer against all the major currencies last night. In fact the rally in the dollar negated the move higher in US wheat futures and then some, potentially resulting in swap prices slipping a couple of dollars a tonne locally today. The surge in iron ore...

US wheat futures initially found support before slipping away late in the session. It was rumoured US wheat was the cheapest on offer in last night’s Egyptian business. France was reported to have claimed the business though with a total of 360kt sold at an average price of US$262.77....

US wheat futures continue to come under pressure from lagging exports. The punters were of the assumption that a slowing in Russian exports would occur from January into their new crop and the USA would “pick up the slack”. This might be occurring a little into the Asian markets...

Oh my god, market data, it’s only the International Grains Council monthly S&D report but well, it might just be the substitute the world was looking for now the USDA has been put to sleep. So a quick look at a yawn worthy report tells me that 2018-19 world...

In the US corn futures were flat while soybeans and wheat moved higher. Soybeans found strength in the poor weather being experienced in Brazil and to some extent Argentina (wet). Dry weather is expected to persist for another week or two across Mato Grosso which generally produces around a...

With the US taking the day off we need to have a look around the world to garner some direction for today, at least until the overnight session in the states cranks up. Rumour has it that Syria picked up 135kt of Russian wheat at the equivalent price of...

With the US taking the day off we need to have a look around the world to garner some direction for today, at least until the overnight session in the states cranks up. Rumour has it that Syria picked up 135kt of Russian wheat at the equivalent price of...

Wheat and corn futures in the US were mostly sideways overnight while soybeans managed gains of 9c/bu (AUD$4.60) on the nearby contracts. It was more of the same news, China trade talks, dry in Brazil but with a long weekend thrown into the mix, with the US taking Monday...

In the US futures market technical buying was supported by ongoing poor weather across parts of S.America. The extremes across S.America at present are interesting. Drought continues across parts of the Brazilian soybean regions while further south in Argentina some parts of the country have seen in excess of...