Rabo bank has announced that Australia is expected to sown a larger area to wheat than last year. Given the timing of rain across the eastern and western states over the last week or so a slightly larger area just might turn out to be a bit of an...

Technical pressure continued in US grain futures, corn, wheat and soybeans all closing slightly lower overnight. Week on week US grain futures saw losses, not huge losses considering the recent rally, but enough to bring US grain prices back into play. Values out of the Pacific Northwest were generally...

Chickpea prices at the Delhi market saw their largest decline in a few weeks overnight. Shedding roughly AUD$22.00 per tonne once the change in Rs/AUD is taken into account. Last night saw most grains, both cash and futures markets, from around the world close lower. Winnipeg canola futures and...

The slightly weaker AUD may go some way to buffering moves lower in US wheat futures and cash vales out of the Pacific Northwest overnight. While US wheat values were generally lower Black Sea and even some French port values were seen to be higher. The cost of execution...

US hard red winter wheat futures move convincingly higher, soft red winter wheat and spring wheat are higher, just not as convincingly. The move has a few of the punters in the US tipping near term wheat highs could be in. Are they talking their book, having a stab...

The US had a day off last night, so no Monday trade to report this morning from there. At Paris, milling wheat was sharply higher, the nearby futures contract closing up E7.75, the Dec24 slot was also higher, closing +E7.50. The upward momentum carried across to corn futures there...

The better grade wheat wheat futures in the US continued to push higher overnight, but soft red winter wheat futures found resistance and closed a smidge lower. The move lower in SRWW didn’t hurt the good weekly gains in all three wheat grades. Hard red winter wheat futures at...

US wheat, corn and soybean futures closed lower in overnight trade, not by much, the weaker AUD almost taking care of much of the move in grain values once converted to AUD / tonne. The futures markets in the states are still seeing a little profit taking after the...

Russian wheat analyst SovEcon lowered their 2024 wheat estimate by a massive 7.3mt to 85.7mt. Confirming that recent hot dry weather and late frosts have pruned yields enough to see the 2024 crop fall 1mt below the 5 year average. The central and southern regions saw the greatest reductions....

Both world cash and futures values for most grains were lower last night. Technical Tuesday, profit taking, call it what you will, maybe a reality check. The situation in Russian warrants watching but to say there’s been a disaster in regards to frost in wheat is probably over kill....