There’s three types of market wires in the morning, there’s the factual one, it tells you what happened, no spin, no bias just straight up data. There’s the commentary from the floor, these guys are wired, they are full of caffeine, they know stuff, the media loves them and...

Generally speaking US and European grain futures were pretty quiet last night with two sided trade dominating the US session. The weaker USD prevented any further downside in grains while large world stocks of wheat prevented any upside in wheat. One interesting thing to come out of the US...

Weather forecasts in the US saw futures markets recover somewhat on Thursday night. The hard red wheat belt is looking to continue its current dry spell through to at least the middle of next week when light showers are expected  to cross SE Oklahoma but conditions will remain mostly...

Well the US Feb spoiled the show last night after doing exactly what the world had expected. Market analyst had factored in an increase of 25 points and that’s exactly what they gave them. The US Fed also suggested two or three more rate hikes of 25 points throughout...

In the US wheat and corn futures were generally mixed without a lot of variation one way or the other. Soybeans slipped 6 to 9c / bu, with the larger moves nearby. We also see ICE canola and Paris rapeseed weaker this morning, the stronger AUD against both the...

The market wires this morning are using the US weather map as a means to explain the sudden down turn in US wheat futures prices overnight. The SRW belt is looking to see a bit of rain this week but a closer look shows the HRW belt is not....

US futures markets drifted lower again in overnight trade. Basically carry over trade from the previous session with the bearish news in the row crops dragging wheat lower. Crop condition ratings in France remain very good with 92% of the wheat crop there rated as good to excellent. Although...

The USDA report was generally construed as bearish corn and soybeans and neutral to slightly bearish for wheat. Larger corn and soybean crops in S.America dominated the data and saw increases to world carry over in both products. For world wheat we see beginning stocks reduced 480kt, smoke and...

Basically a technical night’s trade in the US as the punters get ready for the USDA WASDE report due out tonight. Market expectations are for bigger soybeans crops in South America. Most analysts are tipping Brazilian soybean production somewhere between 109 & 110mt, anything less that 106mt by the...

The Aussie dollar topped out at 76.33USC before slipping back under 76 and then settling into a range which finally saw it close out slightly above where it started at 75.88. The RBA left rates on hold but their spiel was considered more upbeat than expected. I don’t think...