Generally international grain futures reversed the downward trend from the previous session. Both US wheat futures and Paris milling wheat closed higher, Paris up €2.75 / tonne in the Dec and March slots. Winnipeg canola and Paris rapeseed broke away from a weaker US soybean market, both exchanges closing...

International futures markets were a sea of red last night. US corn, wheat and soybeans all closing lower. Paris milling wheat was up just €0.25/t in the Dec slot but was flat to lower across the outer months and new crop. Rapeseed futures were hit hard, shedding €6.00 in...

The stronger AUD countered much of the upside when converting the move in US wheat futures into AUD per tonne this morning. Generally EU, Black Sea and Argie cash wheat values are lower, the AUD having a major hand in that. In native currency values were mixed, Black Sea...

Russia’s Ag Ministry has confirmed that 14.4m ha of an expected total of 20mha of winter crop has been sown. This brings sowing up to the pace as this time last year. Looking at recent weather maps one almost has to raise a skeptical eyebrow to this statement. Rainfall,...

International wheat futures continue to push lower. The move in US futures was reflected in values out of the US Pacific Northwest, spring wheat values there falling sharply. White wheat values out of the PNW remained unchanged at the FOB level. Canadian spring wheat values did not slip as...

Technical selling in the wheat pit increased at Chicago last night, pushing all three primary grades down into double digit loses. The WASDE on Friday night wasn’t friendly wheat, raising world ending stocks but reducing US stocks. One may have thought this could have supported US futures a little,...

The October USDA World Ag Supply and Demand Estimate (WASDE) report was out last night. I’ll concentrate on wheat, month on month the report shows an increase in carry in of 930kt, that’s quite a lot, and went some of the ways to countering the decrease of 2.8mt in...

With a USDA World Ag Supply and Demand Estimates report due out tonight there wasn’t a lot of movement in international futures last night. US wheat futures were firmer, not by a lot, HRW futures winning that race but only moving higher by 4.25c/bu (AUD$2.31) in the Dec slot....

An increase in the mandate for palm oil in Indonesian biodiesel from 35% to 40% is expected to tighten palm oil stocks there in the new year. This may have a knock on effect to vege oils in general, potentially helping to lift values in the mid term. The...

International cash wheat values were generally pretty flat last night. Black Sea values moved higher, which offered support to the major exporters. On average Black Sea values were AUD$4.00 to AUD$5.00 higher day to day when considering the weaker AUD. French values were mixed, some lower, some higher. Paris...