US futures closed August on a weekly high but August as a whole was a shocker. Nearby futures for SRW slipped 51c/bu for the month of August, almost AUD$24 / tonne. Last night saw US soft wheat and hard wheat futures close higher on the back of a rally...

The USDA have Russia pencilled in to export 31.5mt of wheat in 2017-18. We all know Russia won’t have an issue producing this number with a record 80mt crop coming off presently but some believe that export capability will be the cap. The marketing year started in July, during...

Chickpeas are firmer across the board today. Indian futures were higher by around AUD$40 per tonne overnight and many traders and speculators are expecting futures to finish the week somewhere between AUD$100 and AUD$200 per tonne higher. The trade in India is holding stock off the market in expectation...

In India we continue to see both nearby and outer month chickpea futures increasing. The November contract was higher by roughly AUD$40 / tonne overnight which would make the latest price equivalent to around $1000 / tonne at the Narrabri packer. Just recently the Indian government increased production estimates...

US futures were generally flat to lower overnight. ICE canola slipped as did Paris rapeseed but week on week Paris rapeseed futures did manage to close €5.00 / tonne higher. The move lower in grain futures was countered somewhat in the US by a weaker US dollar but outside...

There are a couple of influencing factors in the US late this week. The Farm Journal crop tour looking at potential row crops yields, export numbers out of the US and the position of the market, which at present shows wheat as generally oversold. The crop tour reports are...

The Canadian Farm Ministry reduced wheat production overnight by 1.1mt to a 5 year low of 27.3mt including durum. The reduction in durum production was 700kt taking total forecast production to just 5mt, also a five year low. Yields across the durum belt were reduced by 0.34t/ha month on...

Chickpea values in India continue to move higher with futures trading at AUD$1080 / tonne late in yesterday’s session.  Slower supply from regional centres in Indian and talk of the Australian crop struggling from dry weather and frost damage has the Indian’s watching the supply side very closely at...

International values appear to be trying to stabilise around current levels after falling sharply after the latest USDA data. Overnight US futures for wheat and corn were a couple of cents either side of unchanged while soybeans enjoyed a little more upside. Canola at the ICE was firmer by...

US wheat and corn futures eased in overnight trade on the back of nothing more than routine US export sales and a non threatening weather map. Soybeans futures also eased a little for the outer months dragging both ICE canola and Paris rapeseed futures lower. Most of the punters...