The Aussie dollar was generally lower against the major currencies last night, the weakness should go a long way to countering the slight shift lower in ICE canola futures. In the US wheat, corn and soybean futures were flat to firmer. The softer US dollar played a big part...

Bargain hunters seemed to be the driving force behind a move higher in US corn and wheat futures overnight. With wheat futures slipping over the last three sessions the market saw it as an opportunity to buy as concerns over winter wheat conditions in both Argentina and Australia grow....

US wheat futures were firmer for winter wheat as the volume hitting the market slows. Farmers and traders there seem happy with recent sales and look likely to hang onto wheat now as they concentrate on the summer crop harvest at hand. Further north the Canadian spring wheat harvest...

Grain markets in the US were generally flat to lower bar soybeans which managed to put of 15.5c/bu on the Nov 17 contract to close at 976c/bu (AUD$448/t). Minneapolis wheat was also sharply lower as the Canadian harvest is reporting yields are a little better than expected in some...

It was WASDE night, the USDA released their latest stab at world grain production. US corn and soybean yield estimates were both increased. This was basically the opposite to what most of the punters were expecting to see, with the average trade guess coming in with a reduction of...

Basically the US grains futures market is circling, much like a vulture, above what is soon to be the dead corpse of the September WASDE report. The market lacked direction as it waited for the report due out tonight. Most punters believe that the USDA have corn and soybean...

The international commentary might be a bit light today as the USA had a day off from telling the world what to do. The Europeans snuck into the control room and had a crack at ruling the roost though, no holidays there. Unfortunately there wasn’t much movement in anything...

The US futures markets were mixed. Corn gave back a few cents while winter wheat was a little firmer and spring wheat was a little softer. The trade consumed the StatsCanada report like a cheap house red and came to the determination, as you do with cheap house red,...

US futures closed August on a weekly high but August as a whole was a shocker. Nearby futures for SRW slipped 51c/bu for the month of August, almost AUD$24 / tonne. Last night saw US soft wheat and hard wheat futures close higher on the back of a rally...