It’s hard to wake the US futures market at the moment. The frost reports from Western Australia tried early in the session but obviously the funds are not in a position to buy wheat so there was little ongoing interest in running the market up. Temperatures across the SW...

US wheat futures closed higher with good gains in the December contracts. Soft wheat, hard wheat and spring wheat futures all had gains of over 10c /bu by the close. December soft wheat had a week on week change of 1/4c/bu. After a good rally on Monday the USDA...

The pressure remained on US corn futures with a new contract low for December being set at US$3.84 3/4 per bushel, that’s about AUD$210 /t to you and me. There is continued talk of a big US corn crop getting bigger but we really don’t know until we see...

The WASDE report was considered underwhelming by the majority of the trade. The lack of expected adjustments rippled through the market as negativity and resulted in sharp falls in both wheat and corn futures. Soybeans saw a little upside from both spread trade to the more bearish corn and...

There was a little bit of late squaring up in the US futures market after Monday night’s unexpected rally. All grader of US wheat futures for Dec18 closed lower as did both corn and soybean futures at Chicago. The weakness in US futures rolled around the globe with ICE...

Strength in wheat futures values was found on the back of declining world production estimates lead by the reduction in Australian output by ABARES. The official estimate is now 19.1mt. The estimate includes a revision higher in WA yield estimates but may not take into account the losses across...

The Aussie dollar pushed lower again in overnight trade with the big end of town happy to short the currency against other majors like the USD, YEN and Sterling. The AUD has shed 11% since January and falling metal prices have many of the punters thinking that the next...

US corn futures found support from technical trade and ideas weekly exports should be good. Wheat futures on the other hand continued to fall across the board as the punters predict another dismal number for US weekly wheat exports due out tonight. Looking around the world we see dry...

US grain futures continue to slip as the US dollar and good production combine with little international demand for the US product. Looking at cash bids around the globe we see some Russian offers increased overnight while others actually slipped a little. Egypt decided to pick up 60kt of...

The only people the news that Russia do not intend to limit wheat exports came as a surprise to were the punters on the world futures markets who started the rumour in the first place. Longer term the Russian S&D sheet does appear to have a few discrepancies but...