The May USDA World Ag Supply and Demand Estimate report held data estimates for the 2024-25 world wheat crop for the first time. The data was not bearish wheat at all. When looking at the stocks to use ratio for major exporters it starts to drive home just how...

Some of the flood pics and videos coming out of Rio Grande do Sul show an incredible amount of water flooding any low lying areas along the Jacui River. Much of the city of Canoas (pop 350k), north of Port Alegre is now submerged. The bulk of the farming...

It appears that Monday nights rally in US wheat futures may have just been a “dead cat bounce”, not unlike the black and white cat found a little contorted at the gate when I arrived this morning, he wasn’t about to jump up and run away either, RIP unknown...

StatsCanada released some stocks data last night for the March 31st period. That’s a while ago now but the data is still interesting, particularly for durum. At 1.651mt the Canadian stocks level is the lowest it has been in 35 years. It’s back 23.6% on last year and back...

US corn, wheat and soybean futures were clear winners in last nights futures markets. Videos of headers floating down rivers and cities being flooded in S.America are never bearish. Historical flooding across SE Brazil has the punters trying to quantify losses to the Brazilian soybean crop. Most are coming...

Chicago soft and hard red winter wheat futures closed Fridays session with a nice rally. Taking the weekly gain for SRWW to AUD$1.53 and HRWW to AUD$7.64 / tonne. Not very impressive but a nice result considering the weakness in wheat early in the week. The main driver behind...

There’s some serious flooding across SE Brazil after up to 400mm of rain was recorded over a 24 hour period. The region most heavily impacted by the flooding appears to be around the SE across Rio Grande do Sol where around 14% of the Brazilian soybean crop is produced....

International sorghum values were a smidge higher in US dollars but the AUD has countered that, and some, this morning. In AUD / tonne the move reflects plausible downside of AUD$2.00 to AUD$3.00 per tonne. Chicago corn futures were a little firmer overnight, helping to support US sorghum values....

A sharp decline in the value of the Aussie dollar will help counter the general slump in both grain futures and cash markets overnight. The 7 day forecast for the US HRWW belt looks mostly beneficial to the southern and eastern half. This may be a matter of too...

There was some wild weather across the US Midwest over the last couple of days. Anything from huge hail to tornadoes popped up across parts of Nebraska and Iowa. There were reports of EF4 tornado near Lincoln Nebraska. Although tornado damage is very localised it can devastate any infrastructure...