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...

US wheat futures stabilised overnight with soft red winter wheat futures leading grains higher. Soybean and corn futures at Chicago were generally flat to a couple of cents per bushel higher nearby while outer month soybeans saw a little downside. Minneapolis spring wheat futures were a little lower by...

Well it was all about the demise of soybean futures last night. The punters pulled up stumps on S.American flooding and concentrated on the weather map talking of a dry fortnight in Argentina. The funds took profit, the punters took profit and futures fell. The slide in soybeans exerted...

With parts of Asia on holiday the US punters appeared to concentrate on the negatives not the positives to close out the week. Better than expected weekly US exports sales were countered by more Trump rhetoric. Building a wall between the USA and Mexico doesn’t stop Mexicans from eating...