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...

Hard red winter wheat futures at Chicago were the clear winner in overnight markets. Although Paris milling wheat wasn’t far behind. The December 24 slot at Paris closed E3.00/t (AUD$4.91/t) higher. HRWW at Chicago closed 13.75c/bu (AUD$7.73/t) higher in the Dec24 slot. US soft red winter wheat futures at...

US wheat futures continued higher, dragging export values out of the Pacific Northwest higher. The weather map is now taking centre stage in the US and Russia. The past 7 days has seen little rain fall across Kansas and the Oklahoma panhandle. The forecast is for good falls across...

US sorghum export sales saw a net reduction of 1,800 tonnes for the week ending April 11th. A significant reduction week on week and also compared to the 4 week average. The US sold 8kt to Mexico, but China had cancellations of 9.8kt for the week. Net US sorghum...

The USDA weekly crop progress report came out after the close, so it’s not responsible for the sharp rally in US wheat futures….. yet. The rally was said to be technical in nature but also gathered fundamental support from the Russia / Ukraine war and dry conditions persisting in...

Chicago Soft red winter wheat staged a slight recovery last night dragging the premium grades higher as it did. Although closing the nearby slot +13.5c/bu (AUD$7.73) on Friday’s it did not stop a week on week decline of roughly AUD$3.29 / tonne at today’s money. Nearby hard red winter...