All the news continues to dwell on Trump rhetoric in regards to “possible” trade wars with China and Mexico. I’ve read a few different scenarios and the one I think more credible than any would be the counter strategy China may take. Some punters are suggesting China may well...

US grain futures were mixed, corn was flat to weaker while soybeans found a little downside on a drier outlook for South America. Funds are also taking profit in the soybean market after moves higher last week. The weakness in the soybean market moved across into ICE canola futures...

Soybeans were surprisingly lower, well kind of surprisingly, you forget how US centric the US grain futures markets are sometimes and how little confirmation of events like the flooding in Argentina can have on the US markets if something US centric is occurring. For instance yesterday three forecasting entities...

The Aussie dollar hit 75.74 in overnight trade as the greenback continues to weaken ahead of Trumps inauguration this evening. Apart from the dollar everything else seemed to be weaker in overnight trade. The punters became a little risk adverse leading into this evening and were not willing to...

The AUD gained around 0.16% in overnight trade to close at 75.18 this morning. It’s not a big increase against the US dollar but there has been some significant movement against the Canadian dollar where the AUD is up around 1.15% this morning. The move in currency is likely...

US soybean futures were the big winner last night and as we know for every big winner we need a big loser and in this case it was the South American farmer. Heavy rain continues to fall across the major soybean producing region of Argentina and Brazil. Harvest in...

There was a holiday in the US last night so nothing out of the States to stir the pot this morning. Egypt picked up 235kt of Black Sea wheat last week. This takes financial year purchases by Egypt to 3.41mt, roughly half a million tonnes more than this time...

US hard red wheat and spring wheat futures saw good gains in the outer months as carry over buying from yesterdays bullish USDA report kept markets alive. Nearby closes were not as strong as the outer months which is to be expected considering the huge stocks to use ratio...

There’s a good chance the Aussie dollar will spoil the show today. Strength in base metals and oil prices helped the AUD higher against the greenback. Technical strength in the AUD fuelled speculative buying and thoughts that the AUD will find resistance closer to 75.3 in the coming days....

The Aussie dollar is stronger against all our major trading partners except the Yen this morning. With only miner moves in US grain futures overnight the stronger Aussie dollar may put pressure on export grain values today. With nearby wheat basis as low as it is though we may...