International Commentary There’s not a lot of green on the screen this morning. US, Paris and London wheat futures all closing lower. The AUD remains under 65c US, which is helping but lower futures may weigh on local bids today. As mentioned yesterday local basis was hit hard as...

International Commentary World wheat futures were generally a little firmer to flat overnight. London feed wheat gained £1.05/t in the March slot, Paris milling wheat was up €1.75 in the March slot and Chicago HRWW saw gains of just 3c/bu in the March slot. Paris rapeseed futures closed lower,...

International Commentary It was a USDA World Ag Supply and Demand Estimates reports night last night. A quick look at the USDA number for wheat shows a decline in world production of 1.78mt from the November estimate, now estimated at 792.95mt. A 1.16mt increase in carry in and a...

International Commentary The AUD is back at 64.44 US cents this morning after testing a low of 63.85 early in the session before recovering and then slipping a little towards the close. The RBA have their Dec meeting finishing today, they will release the monetary policy decision statement at...

International Commentary The US had a day off last night leaving the rest of the world to play without supervision. Russia didn’t pick on anyone else, Ukraine continued to play with the big kids toys. The skirmish over who runs the sandpit continued, those that own the sandpit not...

International Commentary Nearby Kansas wheat futures were hit pretty hard last night, shedding 24.25c/bu (AUD$13.71/t) in the Dec slot. The December contract will move to first notice next week as it nears expiry. The move is probably more of a quick position adjustment prior to the end of November...

International Commentary US wheat futures made some progress higher last night after falling for three of the last four sessions. Paris milling wheat futures also closed in the green, up €2.00 in the December contract and €0.50 in the March slot. Cash wheat values out of the US Pacific...

International Commentary US and Paris wheat futures all closed in the red last night. Lower US futures were reflected in cash values out of the Pacific Northwest, apart from spring wheat. Minneapolis futures fell away 5c/bu, the least of the US wheat’s, but spring wheat out of the PNW...

International Commentary A higher close for Chicago soybean futures couldn’t put the brakes on the decline in both Winnipeg canola and Paris rapeseed futures. Paris did fare a little better than Winnipeg though. Paris slipped in the Feb / May slots but managed to close higher in the Aug...

International Commentary US wheat futures opened firmer but succumb to profit taking by the close. After closing higher for 4 consecutive sessions some profit taking was in order. There’s no change to the global fundamentals at present. US and Russian winter wheat is fine and there’s been no disruption...