It was all about spring wheat in the USA again last night. As touched on yesterday, the crop condition rating had fallen sharply in the weekly USDA report released after the close of the day session in the states. The rally in spring wheat futures managed to drag soft...

US wheat futures fell away overnight. Late last week futures rallied on the back of weather concerns. Some media outlets were reporting a heat wave was destined to push through the upper Midwest. I’m not sure who got that ball rolling, most reliable models I could find were not...

Things are getting dire in the Dakotas, I was reading a report yesterday that mentioned they had received little measurable rain over the last two weeks……  -_-  .. You forget just how dry Australia is compared to other parts of the world sometimes. As you would expect with a...

The Aussie dollar jumped early in the night session and held onto gains through to the end to close at 75.52. The AUD was stronger against all the majors and threatens to counter a slice of last night’s gains in US futures. In the case of ICE canola, which...

US spring wheat futures lead the market higher in overnight trade. The crop condition report that I touched on briefly yesterday was the catalyst for the move. Technical trade, short covering, ramped up during the session and then further gains were fuelled by a less than ideal weather map...

The slightly stronger Aussie dollar will probably cap any movement in local new crop values today. US and European futures markets were generally flat with Chicago wheat and corn futures close to unchanged. Hard red wheat futures in the US were softer which is going against what those in...

Spring wheat futures in the USA were the star performer last night. We are not talking about a market moving higher in leaps and bounds here. Four cents a bushel ($2/t) isn’t exactly a huge rally is it but it is finding its strength from slow emergence in the...

Spring wheat futures in the USA were the star performer last night. We are not talking about a market moving higher in leaps and bounds here. Four cents a bushel ($2/t) isn’t exactly a huge rally is it but it is finding its strength from slow emergence in the...

The US corn crop is 91% in the ground, just 2% below the 5 year average, 73% has actually emerged and according to the first crop rating of the season it’s pegged at 65% good to excellent. When this good to excellent rating is translated into trade speak it...

With the Memorial Day holiday in the US giving the majority of the speculative community the day off we do not get any direction from the US futures markets today. Instead we have to look to Europe for guidance who are also down a player as England also took...