Generally grains were flat in overnight trade and oilseeds were lower. Chicago soybean futures found no love after recent good rains across much of the South American crop. Soybeans also came under pressure from a sharp decline in palm oil which slipped 12.5%. Poor Malaysian palm oil exports are...

The Aussie dollar continued lower in overnight trade with the fall likely to counter the potential downside in wheat after a lower close for all three US wheat futures contracts last night. The AUD slipped on the back of technical selling and the punters expecting to see Australia doing...

It’s all about currency this morning. Unable to continue to consolidate at yesterday’s opening value the AUD slipped to its lowest level since mid May when it spent a couple of weeks around this level. Canola was around $570 NTP Newcastle at that time. The weaker AUD should go...

Even with the US Fed announcing that US interest rates are likely to rise at a faster rate in 2017 we still only managed a slight drop in the value of the dollar against the greenback. After initially falling away strong jobs data our of Australian stemmed losses and...

India is busy importing wheat after reducing their 15% import tariff to zero. This comes on the back of an increase in production by Government officials for last season’s wheat crop, lifting it to 93.5 million tonnes versus an industry estimate closer to 86 million tonnes. It is also...

I usually start to write this market summary around 6.30 – 7.00am. In our summer the US markets close at 6.00am NSW time and it takes a little while for all the analyst to get their reports written and posted online. I try to get as much of the...

Over the next couple of days the December contracts close out at Chicago. Volume in December contracts is already minimal with most activity now concentrated on the March 17 slot. Corn and wheat futures at Chicago were mostly flat while soybeans saw some downside which spilled over into Canadian...

The USDA report was out overnight, the big mover was Aussie wheat production up from 28.3mt to 33mt, this was by and large factored into the equation after the ABARE report hit the market earlier this month. World ending stocks were higher and are now estimated at 252.1 up...

Some squaring up in the Chicago wheat pit saw SRW and HRW futures rally a little in overnight trade. Punters have long held a significant short and USDA reports are renowned for creating market moves, sometimes against the trend at the time. Fundamentally wheat hasn’t seen a lot of...

In the US soybeans managed to close in the black while corn futures and all three wheat contracts slipped. Feed grain and wheat continue to find resistance due to huge world stocks and production increases in Australia. The premium available for high quality white wheat is expected to remain...