Technically US wheat futures were a little oversold after the last few days and were looking for a higher close. It doesn’t look like a turnaround or a trend higher in the midterm but technically speaking the downside is limited from here without any dramatic fundamental changes. China has...

Technically US wheat futures were a little oversold after the last few days and were looking for a higher close. It doesn’t look like a turnaround or a trend higher in the midterm but technically speaking the downside is limited from here without any dramatic fundamental changes. China has...

The media are still absorbed with political analysis and what it means for exports and imports of not only US product but what opportunities the implementation of trade barriers into the US may offer international exporters. If Trump delivers on pre election promises and introduces trade barriers and tariffs...

Choppy thin trade saw some markets give back gains while others continued to strengthen. The US media seem too involved with the Trump presidency than anything else at present, fundamental news is a little harder to find in the US even though it was a WASDE week. Canada had...

Canola futures were dragged lower on the back of sharply lower soybean futures on Wednesday’s session. With soybeans staging a slight recovery last night and the S&D for canola still looking more bullish than bearish ICE futures for canola last night managed to take back the losses from the...

With all the drama around politics in the US the media generally brushed the monthly USDA World Ag Supply & Demand Estimates report under the carpet. Well at least until it was announced, then the market took some notice. The USDA increased corn and soybean production estimates in the...

Malaysian palm oil futures closed at the highest level since March 2014 last night. This combined with lower production estimates for Argentine soybeans, a poor finish to the harvest program in Canada and a weaker USD saw Chicago soybean futures close higher by over 12c/bu ($5.75) last night. The...

The Aussie dollar is back up over 77c this morning. It’s sharply stronger against the Euro and the Sterling, if you were thinking about doing the Canadian Rockies tour it might be a good time to lock your currency in there too Eddie. Stronger metals markets fuelled by speculation...

US markets were thinly traded but managed to creep higher on Friday night. The bulk of the trade seem obsessed with sport and next weeks election at present so I expect to see as much sense out of Chicago as I do out of the media on the election...

Export sales data out of the US ended up determining the market direction last night. Corn and soybeans saw exports at better than expected levels while poor old US wheat was snubbed again. Surprisingly spring wheat futures saw the biggest losses. Spring wheat, the wheat most similar to our...