It was WASDE night, the USDA released their latest stab at world grain production. US corn and soybean yield estimates were both increased. This was basically the opposite to what most of the punters were expecting to see, with the average trade guess coming in with a reduction of...

Basically the US grains futures market is circling, much like a vulture, above what is soon to be the dead corpse of the September WASDE report. The market lacked direction as it waited for the report due out tonight. Most punters believe that the USDA have corn and soybean...

The international commentary might be a bit light today as the USA had a day off from telling the world what to do. The Europeans snuck into the control room and had a crack at ruling the roost though, no holidays there. Unfortunately there wasn’t much movement in anything...

The US futures markets were mixed. Corn gave back a few cents while winter wheat was a little firmer and spring wheat was a little softer. The trade consumed the StatsCanada report like a cheap house red and came to the determination, as you do with cheap house red,...

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...