The EU have implemented their carbon tax on imports as of January 1st. I’m not sure if this will in time replace the ISCC scheme we are currently participating in with canola or if it is an additional EU tax, my guess is the later. The MACF tax, or...

News that China was to purchase a further 336kt of US soybeans, some reports say 600kt, had little impact on a market set on profit taking. Early session gains in the bean pit gave away to selling late in the day, seeing Chicago soybeans close 5.25c/bu lower nearby. The...

Canola and rapeseed appear to be the standout winners overnight. Both Winnipeg and Paris futures have posted gains in the conversions to AUD/t from Fridays sessions. Paris, the big winner, gaining roughly AUD$15.47/t on Fridays conversion. All while the AUD pushed over 67c. The rally in rapeseed and canola...

No data on the Algerian durum tender this morning. Possibly this afternoon. Algeria issued a 50kt tender for durum on Monday. Typically Algeria buy in 50kt increments and the total purchase volume is well above 50kt, often in the hundreds of thousands of tonnes. Back in October they picked...

US wheat, corn and soybean futures found some upside over night. Can’t say it wasn’t needed. The sentiment rolled across to EU grain futures, Paris milling wheat, London feed wheat, Paris corn and rapeseed futures all closed in the green. I haven’t seen this much green on the board...

Canola doesn’t appear to be able to take a trick lately. Both Winnipeg canola futures and Paris rapeseed futures saw sharply lower markets again last night. For Paris rapeseed this takes the decline in the February 2026 contract to -€21.50/t since this time last week. At today’s exchange rate...

Hard red winter wheat futures at Chicago showed signs of a pulse last night. Some may say about time, others may ask why. Those asking why are more likely to be consumers. HRWW has been priced at a discount to SRWW for a while now, this is not “normal”....

International grain markets struggled to find direction overnight. Movement was generally a smidge lower, the path of least resistance. The move lower in the AUD has limited most conversions to minor adjustments. US hard red winter wheat out of the Pacific Northwest when converted to a C&F value and...

More of the same, the funds defending their wheat short at Chicago. Grains are also suffering a bit of spillover selling from stocks, the Dow was off 332pts in their afternoon. US unemployment rose to 4.6%, surprising the punters, and energy futures also shed some value. The US punters...

US weekly export inspections for the week ending Dec 11th were good for wheat and corn, coming in towards the higher end of pre report trade estimates. US soybeans export inspections were not so good, coming in well below the lowest trade estimate. Let’s focus on the positives, corn...