With ABARE increasing the Aussie wheat estimate to 35.13mt we did see a little pressure on US futures overnight. It goes to show that rain makes grain. The previous record of 29.91mt in 2011 was well and truly smashed this year. The ABARE report also upgraded production estimates for...

Fundamentals across the USA wheat belt remain favourable for wheat production, warmer weather east of the Rockies and good soil moisture is likely to see the winter wheat come out of the freeze in almost ideal condition. Very early in their winter there was some talk of winter kill...

The technical side of the US futures market ruled the night yet again as many punters continued to clear short positions in the wheat pits. All three US wheat contracts closed higher dragging corn along for the ride. Soybeans were also firmer as S.American weather has the punters double...

Another USDA report has come and gone, this time resulting in some good news for wheat. All three US wheat futures were higher by the close as the report reduced world supplies by 4.2mt. The big changes were to the Indian and Kazakhstan crops. India was pulled back to...

US grain futures, bar soybeans, were generally flat leading into this weeks USDA report. Soybeans saw double digit gains closing the day out just under the sessions high. Wheat found support from reports Ukraine annual exports are running at about 80% complete versus 70% this time last year. Russia...

The media is starting to pick up on the large swath of Black Sea wheat that has come out from under the snow in the last week or so of warmer than normal weather. Around 1.5mha of winter wheat has been left without any cover. Temperatures are not extreme,...

Soybean & canola futures were about the only grains to garner any joy out of last night’s session. The Chinese are back from holidays and have decided that their government has taxed most imported feed grains out of reach and Trump is working on what is left so they...

In the USA corn, wheat and soybean futures all finished the week on a down day. Week on week we see US soft wheat futures at Chicago gaining around AUD$4.67 / tonne while local markets here were flat to a dollar firmer. Currency was the big mover this week...

Then along comes the currency to spoil the trend. The Aussie dollar found strength from domestic data in overnight trade as the seasonally adjusted trade surplus figures released showed a $3.5bn surplus in December, about $1.5bn better than expected by many punters. You need to look at everything in...

Higher closes across the major futures markets is a good way to start the day in the grain game. All three US wheat futures are higher, corn, soybeans and Canadian canola as well as Paris rapeseed, wheat and corn and also London feed wheat. The AUD is a touch...