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...

A wet forecast for the next couple of weeks kept the US futures market on the defensive. The forecast was determined as slightly bearish spring wheat but lent support to corn and soybeans. A stronger US dollar kept a cap on any substantial moves higher. Corn futures continue to...

Looks like soybeans / meal may have ran its race in the short term. Futures for the oilseed were lower in overnight trade dragging ICE canola futures back with it. Weekly US bean export sales were lower than trade estimates too. Corn futures found support from weather in the...

The US markets were driven higher by soy meal demand and the feed grain complex. It’s an interesting one to watch unfold as it really drives home the ability of the feed millers to swap from one source to the next depending on price. The heavy rain at harvest...

The AUD was mixed against the majors but generally traded lower. It was sharply lower against the greenback following a speech from Glen Stevens yesterday which lead many punters to come to the conclusion we may be seeing another interest rate cut in the mid term. The next level...

More rain on the map in the US had soybeans lower, corn higher and wheat lower in overnight trade at Chicago. Thought’s that late corn acres will be abandoned and sown into beans has the bean market on the defensive while the forecast of rain across the SRW and...

On Friday night stronger soy meal prices lent support to corn and other feed grain in the US futures market. Corn managed to regain around half of the previous sessions losses by the close. Wheat futures at Chicago were mixed with soft wheat a little lower and hard wheat...