Prices 23/5/17

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US futures markets were generally flat to higher. Wheat futures found support from the rain over the weekend. The HRW belt in particular needs a hot dry spell to bring the crop in and it simply isn’t happening. The N.D Wheat Commission will put out their weekly crop report...
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Prices 22/5/17

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Chicago soybeans clawed back a slice of what they gave up yesterday. The Brazilian Real bounced, it managed to take back around half of what it lost the previous day. This gave support to US soybean futures and when combined with a wetter than desired weather map for the...
Read More: Prices 22/5/17

Prices 19/5/17

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I went to a meeting about how to use futures and options in grain marketing back in around 1999 or so. I remember one think that is ringing true about how a cash price is made, you’ve all heard it, futures + basis + currency. Well this guy through...
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Prices 18/5/17

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Durum values in central Saskatchewan are still firm for 1CWAD with ex farm average pricing from pdq coming in at C$260.85 / tonne for 13% protein around a C$22 premium over their spring wheat bid at 13.5% protein. That compares well to the $33 premium we are currently seeing...
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Prices 17/5/17

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A late rally in Chicago soybeans helped wheat and corn futures there off the lows and closed the session out relatively flat. The weaker US dollar helped values in the States but also saw punters heading to safer bets like gold and bonds. The US weather map is showing...
Read More: Prices 17/5/17

Prices 16/5/17

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It’s all about cotton this morning, trading at limit up at one stage it took all the interest away from the grains which trended lower apart from soybeans which managed a very mediocre close higher. Cotton was sitting at the highest the New York contract has seen for a...
Read More: Prices 16/5/17

Prices 15/5/17

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In the US soybean and wheat futures closed lower on the day and for the week, although corn was firmer on the night there was little to no movement in futures values week on week. Algeria were said to have picked up 470kt of wheat and 75kt of feed...
Read More: Prices 15/5/17

Prices 12/5/17

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US futures markets seem happy with where wheat is currently priced. Corn and soybean futures were pushed lower on the back of a better weather outlook that saw sunny days ahead next week to finish planting before the next fall. Futures for May will close today so by Monday...
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Prices 11/5/17

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There was no springĀ  / durum wheat breakdown in last night’s WASDE report for US spring wheat. The simple maths does tell us that US spring wheat production including durum is expected to fall from a total of 17.366mt last year to around 15.61mt this year. The reduction in...
Read More: Prices 11/5/17

Prices 10/5/17

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Further rainfall is expected to push across the US Midwest over the next few days. A few of the punters see this as negative for corn and soybeans as it may create some planting delays but generally speaking this early in the season it is simply adding more moisture...
Read More: Prices 10/5/17