Hard red wheat futures broke away last night, closing 27c/bu (AUD$15) higher in the nearby slot. Caught and short prior to first notice or some increase in demand ? I’d assume more of the former than the later. The heavy rain across eastern Australia found some attention in international...

Russian FOB wheat values have increased a little. Domestic demand in Russia is also picking up. FOB values are mostly being pushed by stormy weather making ship loading difficult across many major Black Sea ports. Internal infrastructure has also seen some storm damage, road and rail to some ports...

International markets remain hard to pick. China continues to have a major influence on everything from soybeans and corn to wheat and sorghum. There was talk that China was looking to roll the delivery of 2 – 2.5mt of French wheat purchases by 2 months. This had the punters...

Paris rapeseed futures fell away E3.75 / tonne on the nearby contract overnight. Winnipeg canola was higher, gaining C$5.60 on the nearby January contract. Cash bids across SE Saskatchewan were also higher, a December lift paying on average C$671.54 per tonne, +C$5.32. Durum values across SE Saskatchewan were flat,...

Paris rapeseed futures fell away E3.75 / tonne on the nearby contract overnight. Winnipeg canola was higher, gaining C$5.60 on the nearby January contract. Cash bids across SE Saskatchewan were also higher, a December lift paying on average C$671.54 per tonne, +C$5.32. Durum values across SE Saskatchewan were flat,...

US soft red winter wheat futures were lower. The funds have been selling this contract, the HRW and the Spring Wheat contract down for months now, every rally an opportunity to sell. Managed money now hold a record short in Minneapolis spring wheat futures. US cash wheat offers out...

The hot, dry weather across much of Brazil was the major news article influencing international grain futures overnight. Soybean and corn futures were the major beneficiaries, the rally in the row crops creating a little spillover buying in the wheat futures market. Recent dry weather in Brazil has slowed...

Winnipeg rapeseed futures ran it’s own race last night, breaking away from Paris rapeseed futures and showing a lot more strength than a lack luster Chicago soybean contract. Nearby Winnipeg canola rallied C$14.00 per tonne. The move unexpected by many, tends to plot Canadian canola values against the fundamental...

It was November USDA World Ag Supply & Demand Estimates night. Looking at wheat we see world ending stocks were increased by 560kt. The kicker was the increase in opening stocks though, up 2mt to 269.55mt. World production was reduced 1.45mt to 781.98mt, still a huge crop. Opening and...