Further declines in EU wheat condition supported world wheat prices overnight. French soft wheat condition was estimated at 58% G/VG, this is back 2pts on last week and much lower than the 81% rating a year earlier. The percentage of the crop in a very poor state also increased...

The US was on holidays last night. The trend will be for most market participants in the US to take Friday off and make a long weekend of it, so we shouldn’t expect to see much action out of the US tonight either. As a guide the Paris milling...

Paris rapeseed futures were again the clear winner in overnight sessions. The Feb 2025 slot closed €7.25 higher at €510.75 / tonne. Chicago beans were a little higher by the close, up 9c/bu (AUD$4.93/t). Strength in both US soybeans and Paris rapeseed pulled the Winnipeg canola contract higher, the...

The big winner in last nights futures markets was ICE canola futures at Winnipeg. The move in AUD per tonne, taking variations in the AUD / CAD into account, is equivalent to roughly AUD$27.90 per tonne. This is a much larger move than the Paris rapeseed contract too, which...

Weekly rainfall across the US central corn belt and the eastern spring wheat region continues to be problematic for some. The forecast for the same region isn’t predicting conditions to dry out anytime soon either. The next 7 days could see 50-100mm of rain fall across already saturated parts...

Quality of information is what makes for good decision making. On any day I can find not only fundamental reports but technical reports on grain markets that can talk the market either up or down. Apart from the big reports, like the USDA World Ag Supply and Demand Estimate,...

US wheat futures moved higher later in the session. All three grades making good inroads after open interest in SRWW futures at Chicago hit what some analyst were considering to be a major support level. US weekly net sales came in a 667,200 tonnes, not bad. Weekly export loading...

Denmark will be the first country to introduce a CO2 tax on livestock emissions from 2030. Denmark hope they will lead the world in taxing agriculture into oblivion, thus saving the world one cow fart at a time……… by taxing it. It is yet to be identified if the...

US wheat futures and cash values out of the Pacific Northwest continue to slip lower finding little support from the international market, or the punters in the futures market at Chicago or Paris. Milling wheat futures at Paris slipped E1.50 (AUD$2.41) in the December 2024 slot. Chicago SRWW futures...

The US wheat market appears torn between harvest pressure and the impact that recent flooding will have on both supply and quality. Wheat futures were having none of it, harvest supply pressure the main influence, and generally winning out. It’s crazy to see flooded US spring wheat fields on...