Cash values out of the Black Sea were a little lower overnight. Russian milling wheat was valued at US$227.25 FOB, still more expensive that Ukraine milling wheat but back a little from yesterdays conversion. The move in Russian values opposed the move higher for both French and US milling...

International wheat values, cash and futures, saw little change overnight. Spring wheat out of the US Pacific Northwest was a little firmer. The day to day conversion comparison for DNS spring wheat was up roughly AUD$3.90 per tonne, while other grades were generally flat to a touch softer. Cash...

US grain futures were mixed, corn and soybean futures at Chicago found a little upside while wheat was generally lower by less the AUD$1.50/t. Paris milling wheat was back across all months, December slipping €1.75 / tonne, and March back €2.75 / tonne. London feed wheat was also lower,...

US weekly sales data is reported online as of Oct 2nd. Looking at sorghum firstly we see net sales of 170.2kt and outstanding sales of 578kt, which is actually up from the 424.8kt outstanding sales volume for the same date last year. The big difference is the accumulated sales...

Chicago SRWW and HRWW futures pushed lower by AUD$5.55/t. The weaker AUD has countered some of the decline in the conversion to AUD/t. The move in the dollar roughly equal to 5c/bu, or about +AUD$2.59/t, resulting in net change of about -AUD$2.78/t in Dec SRWW futures. The move in...

US grain futures showed little of the strength of Monday’s session in the Tuesday session. US wheat futures didn’t collapsed, but the moves in both soft red winter wheat and hard red winter wheat were mediocre. Spring wheat fared a little better, the higher protein market making some gains...

International futures markets are mostly higher this morning. Chicago SRWW and HRWW futures saw double digit gains. Minneapolis spring wheat was a little more subdued, but did see some good gains in nearby values. Chicago soybean futures were sharply higher, gaining 32.75c/bu (AUD$18.55/t) in the January slot, lending support...

While the US and China were in the middle of a trade war, and US soybeans were off the Chinese menu. S.America took the reigns, exporting roughly 9.48mt of soybeans to China in October, a new monthly record, 17.2% more than Oct 2024, a year earlier. Since then the...

Some days you wonder if Stephen King, or Stephen Spielberg for that matter, is in charge of writing the script for the US futures market. Seriously, this stuff is hard to make up, and feels like it should be in a fiction section in an obscure library somewhere. Chicago...

International grain markets were relatively quiet overnight leaving the AUD as a major influence this morning. With the dollar improving by 0.34% against the US dollar, and against many of the regions trading partners, we see some losses in the day to day conversion for most grains. Delhi chickpeas...