The old saying “big crops just get bigger” played out in last night’s USDA report. If realised the new USDA corn yield estimate will be the biggest average yield of any US corn crop at 11.009t/ha. This will give the US a corn crop of just over 370mt but...

There was mostly directionless trade in the US futures markets with major investors rolling out of December into March. There were a few punters taking a stab at what the USDA data will show early in the session but generally a sideways market as the world waits for the...

US corn futures traded sideways overnight with routine sales being reported and US farmers generally choosing to store corn rather than deliver or price it at current levels thus basis is firming in the corn belt. Soybean futures at Chicago and ICE canola futures both saw a little upside...

US markets found stability and also a little strength in wheat and soybeans thanks to further positioning ahead of the USDA reports this week and a weaker US dollar after some profit taking. Some financial analyst are suggesting with the recent events unfolding in Saudi Arabia and China we...

More technical trade in US futures markets overnight as the punters look to be squaring up a little prior to next weeks USDA reports. The Chicago Dec wheat contract if experiencing another day of sideways or higher movement on Monday should just about see the market square. There is...

Indian chickpea values continue to fall with another drop comparable to about AUD$20 / tonne overnight. This threatens to reduce local values further, potentially as low as $770 delivered upcountry NSW packer today. Increased arrivals from both importers and the Indian local producer has seen demand for chickpeas decrease...

Harvest pace in the US dominated the grain futures markets there last night. According to Monday’s crop progress report soybeans are now almost at the 5 year average pace so came under some selling pressure while corn was still well behind the five year average pace thus we saw...

The funds continue to influence US futures values. Using weekend rain as the catalyst to square up some spread trade the funds cleared shorts in a number of soft commodities. Soybeans were a major benefactor of fund money with a net long being consolidated. Rainfall is expected to make...