Argentina is still contending with less than ideal conditions for its wheat crop. Looking at rainfall data from WorldAgWeather.com shows that heavy falls over the last 2 weeks had generally missed much of the western wheat regions of Cordoba and Santa Fe. Falls were light across the state of...

US and Paris wheat futures closed in the green last night. The first higher close day to day that we’ve seen in nearby Chicago SRWW futures since this time last week. Call it technical Tuesday, bottom feeding, turnaround Tuesday, call it what you will, but fundamental changes to world...

US wheat futures were generally lower, HRWW futures did kick the trend nearby though, the Sept and Dec contracts closed in the green. Paris milling wheat followed the generic market lower, shedding €5.00 nearby and €3.50 in the December slot. Cash bids ex farm SE Saskatchewan were also lower,...

It was all about 2 things last night. The US dollar and soybeans, the rest, well they generally continued on the same path lower that’s been set by the funds for weeks now. The FED confirmed their intention to start to lower US interest rates. It’s about 3 weeks...

There’s not many green markers on the board this morning. London feed wheat £3.30 lower in the Jan25 slot, Paris milling wheat €2.25 lower in the Dec24 slot. All three US traded grades of wheat futures are lower, Minneapolis spring wheat leading the way. As if that’s not depressing...

Paris rapeseed futures and Winnipeg canola futures had a nice bounce last night. Although Chicago soybeans were higher, the +5.5c/bu increase in the Jan25 contract doesn’t really indicate that canola / rapeseed futures were spurred on by the soybean market. The general oilseeds S&D continues to indicate that a...

Strong Chinese demand for both US and S.American soybeans continues to underpin the oil seed market. Compared to this week this time last year Chinese imports of US soybeans is much higher, 475kt vs 143kt, but S.American supplies continue to make up the lion’s share of imports into China....

The AUD is spoiling the show this morning, easily turning a small loss in Chicago SRWW futures into a lower day here. The day to day move in SRWW futures converted to a decline of just AUD$0.96 / tonne. The move higher in the AUD tacks another AUD$2.72 downside...

Chicago and Minneapolis wheat futures gained a little value in overnight trade. There was also better values at Paris and London exchanges. Paris led international wheat values higher. Rain in France and Germany continues to be an issue and is hampering the finalisation of harvest. Quality on as much...

Argentina has finished sowing their wheat crop but conditions remain less than ideal as cold, dry conditions hamper establishment in some western locations. Argentina has sown approximately 6.3mha this year but there’s a distinct difference between the east and west portions of their crop. The east hasn’t seen a...