Global grain futures markets were a little more subdued last night. Chicago SRWW handed back a little of the previous sessions gains while both spring wheat and hard red winter wheat appeared to consolidate at current values. Both nearby soybeans and corn edged lower but there was a bounce...

The weaker US dollar stimulated some buying interest in US ag futures overnight. There was also fundamental support generated by wild weather across parts of the US plains and Midwest over the weekend. Although isolated the potential for damage to fields and infrastructure is being calculated and compounded with...

There’s not a lot of green on the international futures boards this morning. The soybean complex was in the green, as was palm oil which was up AUD$8.17 / tonne in the April slot and AUD$13.14 / tonne in the May slot. Not a bad effort considering we are...

There’s much more green on the screen this morning. Chicago HRWW and MGEX spring wheat futures made good gains, SRWW futures at Chicago lagged a little but managed to put on 8.5c/bu in the May slot, roughly AUD$4.97 / tonne. Throw a weaker AUD into the mix, and the...

There’s not a lot of green on the screen this morning, the odd grain out is US hard red winter wheat futures at Chicago. In general wheat futures in the US didn’t fair too badly. Soft red winter wheat and spring wheat were both lower but 2c/bu to 3c/bu...

The USDA World Ag Supply and Demand Estimates report (WASDE) was out last night, hanging a wet blanket over the wheat market. Looking at the data the thing that sticks out the most is the increase in both opening stocks and closing stocks. The net result a month of...

Winnipeg canola and Paris rapeseed futures were hit hard overnight. Led lower by Chicago soybeans to some degree but the C$40.00 / tonne hit at Winnipeg was outdone by even sharper falls in the upcountry cash bids where XF SE Sask values fell by more the C$70.00 / tonne....

There was much more green on the screen this morning. US grain futures posted gains for all the major commodities, wheat, corn and soybean all closing higher and dragging other futures markets higher in the process. Both Winnipeg canola futures and Paris rapeseed futures moved higher, as did Paris...

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...