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...

Tunisia picked up 25kt of durum by tender overnight. Casillo appears to be the lowest offer at US$376.49 C&F. Roughly US$7.50 less than their last purchase on April 4th. The purchase of a single load of durum is thought to be as a replacement for a rejected vessel of...

Indian pulse imports almost double year on year. The government there incentivised growers to sow more pulses but the volume of imports continued to push higher. The current chickpea crop, now being harvested or already in the “silo” in many locations, is said to have been a good crop...

The AUD continued to push lower overnight, attempting to break through the 64c mark but failing to, bouncing off 64.01 a few times only to close at that level this morning. Current and proposed policies in place in Australia only appear to be fanning the flames pushing us towards...

The USDA weekly crop progress report was out after the close. Corn planting is progressing well, 6% sown compared to the 5 year avg of 5%. Some the central corn belt states are now in the field, Iowa 4% sown, Illinois 3% and Indiana 1%. Soybean sowing is picking...

It was a tug of war in corn and soybean futures this week. CONAB and the USDA providing the muscles to move the Chicago futures markets, adding some volatility and thankfully some upside to the market fueling a recovery on Friday. Lower corn and soybean production in S.America was...