In the US soybeans bounced back after the USDA saw weekly export sales at 1.35mt. This was higher than trade expectations and when combined with further short covering resulted in nearby beans putting on around 8c/bu (AUD$3.80) by the close. The higher bean market and sketchy outlook for Canadian...

The strength in the Aussie dollar isn’t helping the equation this morning. Overnight strength in metals and a weaker USD has seen the AUD climb by up to 1.5% against most of the majors. In dollars per tonne terms it equates to roughly -$2.73 in wheat and around -$1.15...

With the US dollar up, crude oil down, corn ratings improving and good weather in the US it was always going to be a big call to see even a flat US futures market last night. Well flat it wasn’t, by the close corn, wheat, soybeans and ICE canola...

Weather in the US is good for row crops thus follow through selling from last week’s USDA report came unchallenged and both Chicago soybean and corn futures moved lower. Wheat is caught up in technical selling at Minneapolis and talk of increasing world wheat stocks. Apart from the foreseeable...

US futures initially rallied a little party due to the fact prices are already low and with the new USDA data showing stocks are now likely to be flat in the mid term there is probably no reason to push prices lower. The other factor being some level of...

The USDA threw a spanner in the works last night and increased US corn and soybean production this is opposed to what the majority of the trade in the US thought the USDA would do and decrease average yields in both grains. The average corn yield is expected to...

It’s all about the WASDE report at the moment. It’s due out tonight and the US punters were not game to move too far either way in last night’s session. The general consensus is that the USDA will reduce corn yield estimates to about 166.2bu/ac (10.43t/ha). Looking at the...

US futures were higher on the back of positioning ahead of this week’s USDA report and disappointing rain across Iowa and Illinois this last week. Looking forward the US weather map shows the northern spring wheat region remaining dry which should see harvest pace increase there while good rainfall...

US markets were mixed in overnight trade, wheat was higher in the protein types but lower in the soft wheat’s and feed. Soybeans closed flat to lower and corn futures closed flat to lower. It was a US session that you may be mistaken for thinking got its lead...