The AUD is stronger against most of the major currencies this morning, closing at the session high against the greenback. This is not great for the conversion of futures and cash values back to AUD per tonne this morning. Take nearby Chicago SRWW futures for example. The move in...

I’m not stating anything new hear, but the whole Trump thing is making it very hard to crystal ball any markets at present. It’s not all to do with tariffs and counter-tariffs, but the importance of these can not be understated. It has a lot to do with simple...

US wheat futures found spillover pressure from corn and soybeans as well as political pressure as the implementation date for US tariffs against Canada and Mexico near. The row crops were also pressured by progress in the South American soybean harvest, and sowing progress in the second corn crop...

US grain and oilseed futures followed the path of least resistance again last night, shedding value across corn, wheat and soybean futures. Corn has been hit hard this week. A combination of the funds clearing long positions accumulated since October last year as a hedge against inflation, and the...

International futures markets were a sea of red last night, nearby Chicago corn and wheat pushing into double digit losses. The weaker AUD will help counter a good slice of the negativity today, but it will have its work cut out for it to cover the move lower in...

What would the end of the Russia / Ukraine war mean for Australian grain prices. It’s a complex question, the complexity of the answer is also being further exacerbated by the current US craving for import tariffs, who and how will exporters / importers retaliate to these tariffs. At...

US grain futures were generally lower, wheat led the pack shedding 6.25c/bu (-AUD$3.62/t) on nearby Chicago SRWW. Spring wheat futures at Minneapolis were hit hardest, closing 8.5c/bu (AUD$4.92/t) lower nearby. Chicago corn futures shed a couple of cents a bushel and soybeans were mixed, nearby a smidge firmer, outer...

World grain futures markets are a sea of red this morning. London feed wheat, Paris milling wheat, all three US wheat grades, Chicago corn and soybeans, Paris rapeseed and Winnipeg canola are all lower. The biggest losers appear to be Winnipeg canola and Paris rapeseed. Although lower nearby, palm...

US futures were mixed, wheat tried to take back some value, succeeding in soft and hard red winter wheat futures but failing in nearby spring wheat futures. Either way the move in wheat was against the flow in corn and soybean futures, both shedding value and weighing on the...

US wheat futures seem to be happy to trade around current values +/-. The combination of a slightly firmer AUD and lower futures may weigh a little on local track values here today, but the firmer AUD may also help to claw back some of the recent basis losses...