The AUD was weaker against most of the major currencies overnight bar the Euro. This should help counter any pressure on local prices due to a lower close on all three US wheat grades last night. Outside market pressure had more to do with grain prices last night than...

US markets were lower with corn, wheat and soybeans all closing in the red. MGEX wheat was about the only grain that bucked the trend but a nearby gain of half a cent per bushel is nothing to have a drink on. ICE canola closed slightly lower on the...

It’s all about the Aussie dollar today, it marched through 77c last night and is currently pushing through at 77.22USC. This will counter any moves higher on Chicago wheat and will take back more than half of what was shaping up to be a good move higher in canola...

The ICE canola contract shrugged off the pressure from lower palm oil and US soybean futures to close a smidge higher. Unfortunately the move is unlikely to be reflected in local values though as local currency makes a move higher. The AUD is powering on again this morning, opening...

The oilseeds ruled the roost last night. Soybeans at Chicago were firmer, ICE canola closed up C$8.60 and Paris rapeseed also put on €3.00 / tonne on the nearby contract. Lower palm oil stocks, good Chinese / US soybean demand and larger than expected US crush data aided prices...

US corn, wheat and soybeans futures all closed the week higher, corn at a three month high and wheat at a two month high. Our local wheat prices closed higher, at about the same level they were back in mid August. The big news was the Chinese deal to...

Was the move lower in US futures yesterday a needed correction triggered by the USDA report or was it a good old fashion bear trap. Well last night saw futures for wheat, corn and soybeans recover well wiping out the previous sessions losses. The thought before the release of...

US markets traded lower once the USDA WASDE report hit the floor. After an early session rally grains suddenly shifted lower and closed the day out at the session lows. The USDA report wasn’t bullish, it wasn’t bearish, it was bang on what the trade had expected it to...

The lower yields and area of this year’s EU rapeseed crop are starting to ripple through the markets. Nearby MATIF futures closed above €380 for the first time since June last year on Monday night and continued higher on Tuesday night. With dry weather hindering planting and emergence across...

The US markets chugged along with funds creating the direction of trade with the absence of any other form of news either bullish or bearish. Funds are said to hold a massive short in wheat futures at Chicago, this alone should mean that at some stage prices are likely...