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...

Late weakness in the corn and soybean pits dragged US grain futures lower by the close. Initially strength was found for both corn and beans after sales of 196kt of beans to China, and 120kt of corn to Spain were announced. As the session went on the weight of...

Realistically the weaker US dollar probably had more to do with some higher closes in US grain futures than any other data. Weekly US export sales were generally a little above trade expectations with corn at 1.255mt, soybeans 1.275mt and wheat 615kt. Although the wheat number was 200kt above...

It was a no new news night, with nothing to feed the market it followed the path of least resistance and at the moment that is definitely lower. In the US corn futures were lower on the back of better harvest weather before a line of storms develop along...

US grain futures gave back a little of what they picked up late last week. The punters were pegging corn harvest at 32% but after the close the weekly crop progress report shows it to be closer to 28% (47%avg). With the good to excellent rating in corn jumping...

The higher Aussie dollar will threaten to counter some of the overnight strength in US wheat futures come Monday. From the outside the strength in the AUD is perplexing, weaker retail sales and lower iron ore prices would generally lead one to think the AUD should be sliding if...