The US punters took the rumour based rally of Friday night as a good opportunity to sell, maybe it was simply a matter of someone talking their book in order to profit, how unlike the grain industry. Chicago and Paris wheat futures both found some downside on the back...

US wheat futures surged higher in overnight trade as rumours that Russia is going to limit annual wheat exports to 30mt circulated. This represents a 5mt reduction on the current 18/19 export projection of 35mt which Russian officials are still suggesting will stay intact. Russia finds itself in a...

Good US weekly export sales of wheat helped their futures markets to recover overnight. With weekly wheat sales pencilled in at 803kt it was 300kt above the highest trade estimate. Corn futures were also helped with export sales of US corn achieving 1.2mt. Soybeans saw a mixed bag of...

Even the major market wires seem to be struggling to keep a grasp on the current world markets. One headline today attributed the weaker US grain futures markets to the stronger US dollar and then a sentence later went on to mention that the US dollar was weaker along...

Overnight Egypt picked up 420kt of Black Sea wheat at an average price of US$248.13 / tonne CFR for the September portion of the order. This equates to roughly US$4.00 less than what they paid back on August 2nd. The main supply comes from Russia through Dubai based Russian...

Offer values for wheat around the world slipped away yesterday. Black Sea offers were up to US$6.00 lower while US offers were up to US$9.00 lower. Offers for APW FOB Western Australia were down US$1.75 to US$275. This would still see wheat coming around to eastern Australia unloaded and...

Well, soybeans got crushed in last night’s US futures market, down 41c, that’s about $20 to you and I. Interesting to note the weakness in soybeans did not roll through the canola or rapeseed markets dollar for dollar and at the close ICE futures still manage a week on...

US weekly export data came in at the expected range so offered little support to the futures markets. With a USDA report due out tonight CBOT generally saw trade positioning resulting in lower volume and weaker prices by the close across most grains. I was starting to think this...

US wheat futures were close to unchanged by settlement after an early rally triggered profit taking and continued squaring up prior to Friday’s USDA report. The main fundamental driver for US futures is the ongoing dry weather around much of the world at present and the prospects that the...

US wheat futures were back a little overnight. The AUD was also a little firmer. The combination may take the steam out of the local market a little but when you look around the globe actual cash offers are generally higher from most major exporters. In the US the...