Chicago soft red winter wheat futures were hit pretty hard last night, although it’s getting more common to see 20c/bu moves at Chicago these days. Wheat, and to a lesser degree corn, futures were likely caught up in the heavy selling in Chicago soybeans as funds cleared their long...

Both Winnipeg canola futures and Paris rapeseed futures were lower in overnight trade. The move at Paris roughly equating to an AUD move of +AUD$0.34/tonne. The firmer AUD making short work of the increase at MATIF. Paris milling wheat futures were flat and London feed wheat futures were a...

US wheat futures pushed lower again, finding little assistance from the weaker US dollar. Canola futures at Winnipeg and rapeseed futures at Paris both managed the close in the green. The later up E3.00 on the nearby. The Paris move equates to an equivalent AUD move, when taking the...

Argentina appears to have gone from one extreme to the next, which is so often the case in agriculture. Let’s just forget about their local politics for a moment, as hard as that is to do, and have a look at their weather over the last week or two....

I was reading about Saudi Arabia buying 1.353mt of wheat just prior to retiring last night. I said to myself, ” self, that’s got to be bullish wheat, it’s double what they said they were going to buy”. So yeah, Chicago wheat futures fell again last night, Paris milling...

All the headlines for the local economy read like something from a Stephen King novel this morning. Do we sit back and wait for Michele Bullock to chop the bedroom door in with an axe, peering through, screaming “I’m back” while slashing interest rates…….. I sure do hope so…....

US wheat futures, and cash values out of the Pacific Northwest, were firmer in overnight trade as the December contract at Chicago went off the board. The USDA confirmed weekly wheat sales of 1.49mt were made for the week ended Dec 7th. Soybeans sales were 1.08mt and corn a...

US weekly wheat export sales for the week ending Dec7th will be released overnight. According to the pre report trade estimates, which vary between 1.2mt and 1.6mt, if correct, would be the largest weekly sales number for wheat since 2013, possibly earlier. Taking this into account, obviously we see...

International markets were basically a reversal of the previous session. Wheat and corn finding support at Chicago, Minneapolis, London and Paris, while the oilseeds stumbled. Paris rapeseed Feb24 slipping E6.75 / tonne and Winnipeg canola falling C$9.80 on the nearby Jan24 slot. Chicago soybeans fell 12.25c/bu on the nearby....

US wheat futures were hit hard last night. Hard red winter wheat futures at Chicago shedding over 28c/bu in the March contract. The USDA report really was a buy the rumour / sell the fact report. The weight on wheat appears to be world stocks, although lower month on...