It’s going to get hot in the US this week. Parts of the hard red wheat belt where farmers are busy harvesting or getting ready to harvest will be the hottest. Temperatures are expected to climb into the mid to high 30’s across much of Texas, Oklahoma and Kansas....

There was some downside in US futures in overnight trade. Technically corn was overbought and looking for somewhere to go. With a better weather map out for the States for next week the punters showed little hesitation in taking some profit. Wheat has been dragged higher by corn and...

Improving commodity prices and a weaker US dollar saw the Aussie dollar touch on 75c in overnight trade. The AUD gained against the Canadian dollar too which will counter a large portion of the upside in ICE canola futures last night. The AUD was fairly flat against the Euro...

With the AUD and the Canadian dollar sharply higher against the US dollar we may see some pressure on local bids today. Even with a higher close in wheat, corn, soybeans and canola futures. The AUD also firmed against the Euro, combine that with weaker Paris rapeseed futures and...

Corn and soybean futures in the USA closed higher on fund speculation that the weather will turn hot and dry from the end of this week (do they even need a reason anymore). Farmer selling increased during the day which saw futures retreat from the daily high in the...

There is currently a fair amount of speculation in the international market as to how much damage the winter crops in France have suffered due to the recent heavy rain and flooding. Market wires continue to chatter, even Paris wheat futures rallied nicely on Thursday, but only slightly on...

It was all about soybeans at Chicago last night. Nearby beans surged to levels not seen since August 2014. Soy meal saw significant interest and pushed higher. The punters expect to see healthy weekly US export sales number for both beans and meal tonight. Without this confirmation this rally...

Some day’s I simply cannot believe what I read in the market wires. This morning’s ripper is “US drought fears boost row crop markets”. Now to put this into perspective there has been concern that corn acres in particular would fall short of the USDA target due to planting...

US wheat futures were hit pretty hard in last nights session. A combination of long weekend catch-up, good weather and poor export demand pushed prices lower. After the close the USDA weekly crop progress report also showed good progress in corn planting while winter wheat crop condition also improved....

With a public holiday in the USA last night international market info is a bit thin on the ground this morning, unlike the frost which, in some parts of the state, is very thick on the ground. The durum and canola belt of central Canada finally got some rainfall...