Storms are active along the NSW / Vic and SA border regions this afternoon. Looking at a cloud map it’s pretty obvious the high cell in the Tasman is combining well with the low cell off the SE coast of QLD to push moisture laden air west of the...

The USDA report was basically bullish corn, neutral soybeans and bearish wheat. More bearish US wheat than anything so just remember that US wheat futures are US wheat price indicators first and then global wheat price indicators second. A quick look at the WASDE report shows world wheat production...

Looking at the December wheat chart at Chicago it appears the punters are simply squaring up a little ahead of Thursday’s USDA WASDA report. The stochastic indicator shows the punters are approaching neutral  which is generally where the market will trade ahead of these reports unless someone gets the...

US futures markets were sideways to firmer by the close with rain delays to the US harvest the main bullish contributor. Corn and soybean futures continue to move higher in the US as harvest delays slow corn supply and now the prospect of possible weather damage to some of...

Global values appear to be flattening out a little as weather is generally benign in the N.Hemisphere leading one to assume that demand will be the key going forward at least until Russia does something to restrict exports, which is looking less and less likely. Russia although producing a...

As expected the punters used Russia to once again position themselves prior to selling wheat lower. This is starting to become an all too common occurrence which could create a problem once or if there is a development in Russia that is worthy of a reaction. The risk of...

US corn, wheat and soybean futures all closed higher in overnight trade. Corn and wheat futures were firmer on the back of weather delays to the US harvest while Chicago wheat found some support from rumours that some Russian ports may be closed for up to 90 days while...

In the US corn futures found support from good weekly US export inspections of 1.34mt which was a little better than the average trade guess. News that a new NAFTA agreement was to be prepared by November after all parties appear to agree in principal also helped corn push...

From the outside it looks like the US futures market is having another crack at buy soybeans / sell wheat. With beans at about a ten year low and US wheat still struggling to put on significant export sales it’s probably an easy bet for the fund managers. Funds...

International wheat cash markets were generally flat to firmer overnight. Black Sea offers were up US$1.00 to US$5.00 while offers out of the west coast of Australia were flat at US$280. The futures markets were lower for corn and wheat but higher for soybeans and canola. Soybean futures in...