Prices 26/9/16

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US soybean futures eased in overnight trade putting pressure on grains and oilseed prices in both Canada and Europe. The slip in soybeans came from all sides, technical profit taking, better harvest conditions in the US and the announcement of a Chinese tariff on imported DDG. DDG is a...
Read More: Prices 26/9/16

Prices 23/9/16

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The punters are getting use to the stop start natures of the US corn and soybean harvest. Storms crossed parts of the central corn belt causing flash flooding in some location while in drier spots headers were busy stripping the crops. US futures markets were either side of unchanged...
Read More: Prices 23/9/16

Prices 22/9/16

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The US Fed left interest rates unchanged and downgraded the prospect of further rate hikes. The US Fed did say that they are keeping their options open for a rate change in December if needed just to balance the argument and keep the punters speculating. The Aussie dollar jumped...
Read More: Prices 22/9/16

Prices 21/9/16

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Wet weather across the central US corn belt continues to delay both corn and soybean harvest there. Illinois, Missouri and Iowa are the wettest with 2″ to 4″ falling in some parts of those states in the last seven days. Delays in corn are not as critical as delays...
Read More: Prices 21/9/16

Prices 20/9/16

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Russia seem destined to harvest a record wheat crop. At almost 90% complete over 71.2mt of wheat has been stripped. The 2017 winter crop sowing is well under way too with over 9mha sown so far, just over 50% of the expected area, the majority of which is wheat....
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Prices 19/9/16

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There’s a lot of talk of more and more chickpea acres failing this week. Asco took hold of a lot of crops around the border last week and the disease has been able to spread very, very quickly. Talking to one guy and he tells me a 1000ac field...
Read More: Prices 19/9/16

Prices 16/9/16

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US wheat futures shrugged off the better than expected weekly sales and export numbers and pushed lower. Corn and soybean export data in the states was about where the trade had expected it to be, mostly disappointing. Soybean futures closed a little firmer while corn futures were flat to...
Read More: Prices 16/9/16

Prices 15/9/16

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The dollar is flat, US futures are flat, the battery on my bike is flat. Things are less than interesting today. At least the market has digested the USDA report now and beginning to focus on other things, like a lack of export demand for US wheat. French wheat...
Read More: Prices 15/9/16

Prices 14/9/16

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US corn and soybean futures dragged grains lower in overnight trade. FSA data reveals that on top on the USDA increases in yield expectations for US soybeans we may also see an increase in sown area in the next report. The FSA also suggested that the area of corn...
Read More: Prices 14/9/16

Prices 13/9/16

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A fairly non eventful day in US futures considering it was a WASDE day. Wheat eventually came out a winner and soybeans a loser while corn was torn between the two. The weaker soybean market spilled over into canola. When combined with the canola data out last week that...
Read More: Prices 13/9/16